Bank of America Projects AI Agent Spending to Hit $155 Billion by 2030 as Workforce Transformation Accelerates
Summary
Bank of America forecasts AI agent spending will explode to $155 billion by 2030, tripling industry estimates, as intelligent automation captures 10% of global knowledge work worth $18.6 trillion and unlocks $1.9 trillion in productivity gains across major industries.
Key Points
- Bank of America analysts project agentic AI spending could reach $155 billion by 2030, triple most industry estimates, as AI agents transform workforce productivity
- BofA calculates AI agents could handle 10% of global knowledge worker workflows worth $18.6 trillion annually across seven major fields by 2030, unlocking $1.9 trillion in value
- Major companies like Amazon and PayPal are implementing AI agents for complex multi-step processes, with Amazon CEO Andy Jassy predicting billions of agents will change how people work and live