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Morgan Stanley projects that AI adoption could lead to annual net benefits of approximately $920 billion for S&P 500 companies, accounting for about 28% of their estimated earnings by 2026. Although it may take years to realize these benefits, there is a significant potential for job market improvement, as AI could help address labor shortages instead of displacing workers. The analysis suggests a shift towards high-tech manufacturing, which currently represents a small fraction of U.S. production but is poised for growth.
Source: YAHOO