AI Boom-or-Bust Scenarios Loom Large at World Financial Summit
The economic possibilities—and potential perils—of the new technology dominated discussions at the IMF gathering in Bangkok this week.
Financial leaders gathering in Asia this week had an urgent message for the world: The global economy is betting the house on artificial intelligence.
That bet has paid off handsomely so far. Surging investment in AI and the infrastructure to run it is powering growth in the U.S. Exports are booming in Asian economies that make computer chips, servers and other equipment needed for the data center build-out. Countries riding the AI wave have weathered the energy crunch caused by the Iran war better than those stuck on the sidelines.
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