Global Economic Viewpoint: AI Matters #5: from dashboards to country stories

Research evidence excerpt

Global Economic Viewpoint: AI Matters #5: from dashboards to country stories

035 and aims to lift AI adoption to 70% of industries and Taiwan: chip-cycle leverage 15

95% of the public sector by 2030. The UAE and Singapore are driven more by policy-led Japan: hardware upside, productivity test 17

adoption and regional hub dynamics, with AI usage at 70% and 63% of their working-age Australia: well-placed for AI build-out 18

populations, respectively, highest globally according to Microsoft’s estimates. The UK, The AI challengers 20

Canada, Israel and Switzerland bring different all-rounder aspects: the UK stands out on

Saudi Arabia: larger ambition in the Gulf 20

AI investment, Canada on energy and data-centre optionality, Israel on high-tech depth,

and Switzerland on research-to-industry diffusion. India: opportunity, challenge or both? 21

Brazil: resource-backed optionality 22

Research Analysts 29Build-out beneficiaries: strong start, less certain finish

This group is more exposed to the physical expansion of AI, but the long-run productivity

bridge is less assured. Taiwan is the clearest hardware beneficiary, producing more than

Mai Doan

90% of advanced AI chips and nearly 90% of AI servers, yet its longer-term upside CEE Economist

depends on broader diffusion, energy readiness and policy support. Japan benefits from MLI (UK) mai.doan@bofa.com

semiconductor equipment and critical materials but faces a harder productivity test Carlos Capistran

because corporate adoption and work reorganisation may lag. Australia has energy, LatAm and Canada Economist

critical minerals and data-centre appeal, including Microsoft’s planned A$25bn BofAScarlos.capistran@bofa.com

investment in Australian AI and cloud infrastructure by 2029, but needs infrastructure Jean-Michel Saliba