Bank of America CEO: The economic benefits of artificial intelligence are accelerating.

Golden Finance reports that Bank of America CEO Moynihan stated that artificial intelligence is beginning to have a greater impact on the U.S. economy. In a television interview on Monday, Moynihan said, “This year's AI investments are continuously accumulating, and they may become a more important rise in the coming year and years ahead. The impact of AI is becoming increasingly prominent; although not all rise can be attributed to AI, its marginal effect is already quite significant.” Moynihan, who has led the bank for nearly 15 years, stated that Bank of America predicts the U.S. economy will remain strong next year, expecting a growth of 2.4%, higher than the approximately 2% forecast for 2025. He noted that although the labor market is beginning to soften, this is more akin to a normalization adjustment in the job market. Moynihan pointed out that given that the AI industry is dominated by a few companies, even if the industry overheats and experiences a pullback, Bank of America believes that the threat it poses to the economy (including impacts on consumers and unemployment risks) is relatively limited.