BlackRock predicts AI investment reaching $5-8 trillion by 2030, transforming US economy to AI-driven growth regime.

BlackRock Inc. is emphasizing the significance of artificial intelligence as a macro story that will shape growth, inflation, and market leadership for the coming years. The asset manager predicts that global AI capital expenditure could amass $5 trillion to $8 trillion by 2030, with the U.S. leading this investment surge. This shift towards AI-driven capital-intensive regimes is expected to sustain economic growth despite a slowdown in hiring and traditional business cycle indicators weakening. The increased spending on AI, while beneficial for growth, is also resulting in higher debt levels, greater rate sensitivity, and pricing pressures. BlackRock believes this AI buildout could outpace past technological revolutions.