AI spending frenzy could reshape the economy, Bridgewater CIOs say

Spending on artificial intelligence by large corporations will continue ‍to grow exponentially and reshape the economy, Bridgewater Associates’ co-chief investment ⁠officers said in a client note on Monday.

AI has emerged as the key driver of global corporate investment and a central force behind the ‌market rally, ‌altering capital spending plans across industries.

A surge in corporate spending across the AI ‌supply chain, from data center infrastructure to chips and power, has helped lift equity markets even as worries grow over a potential market bubble and the boom’s sustainability.