Morgan Stanley CEO Moynihan emphasized the accelerating economic impact of artificial intelligence in the U.S., citing increased investments in 2024 as evidenced by on-chain data. While AI's marginal effects are notable, Moynihan clarified that not all economic growth is driven by AI. He projected U.S. economic growth at 2.4% for 2024, compared to a 2% forecast for 2025.
Moynihan also mentioned that the labor market is stabilizing and expressed confidence that any potential correction in the AI sector would not significantly disrupt the broader economy. He suggested that altcoins could benefit from the wider adoption of technology, although specific growth drivers were not solely attributed to AI.
Morgan Stanley CEO Highlights AI's Growing Economic Influence
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