Morgan Stanley has warned that a big advance in artificial intelligence (AI) may happen soon, and many companies are not ready for it. This is important because AI has improved quickly over the last few years.
AI is now used by millions of people in various fields, such as medicine and car manufacturing. Morgan Stanley predicts that large language models (LLMs), which are types of AI that can understand and generate text, will soon reach a new level of ability. The bank says that this change could surprise investors.
At a recent conference, AI leaders, including OpenAI’s CEO Sam Altman, said that very powerful AI models are coming. They believe the world is not prepared for these changes. Morgan Stanley expects a significant increase in AI capabilities around April to June of this year.
To support this growth, Morgan Stanley estimates that nearly $3 trillion will be spent on new AI-related infrastructure in the next few years. They believe most of this spending is yet to happen, showing that demand for AI will grow quickly in the near future.
