AI Beyond Tech How Artificial Intelligence Is Reshaping the Economy | The Bid investing podcast

The AI economy is moving beyond technology. Jay Jacobs joins The Bid to explore AI adoption across industries, growing infrastructure and power demands, physical AI, and how artificial intelligence is reshaping the broader economy. The AI economy is entering a broader phase as artificial intelligence moves beyond technology companies and into healthcare, manufacturing, financial services and other parts of the economy. At the same time, growing demand for computing power is highlighting physical constraints around electricity, semiconductors and critical materials. In this episode of The Bid, host Oscar Pulido speaks with Jay Jacobs, BlackRock’s US Head of Equity ETFs, about how the AI economy is evolving. They discuss where AI adoption is taking hold, what can distinguish productive implementation from investment without clear results, and why infrastructure is becoming increasingly important to the AI build-out. The conversation also examines the intersection of AI investing, physical infrastructure, megaforces and capital markets—from data centers and power generation to robotics, autonomous vehicles and digital assets. Key Moments in this episode: 00:00 Introduction 02:05 Defining AI Economy 03:34 Adoption And Monetization 06:57 Healthcare Breakthroughs 08:25 Physical Constraints Hit 09:20 Power Metals And Indium 11:44 Demand Versus Reality 13:25 Robots And Autonomy 14:39 Investing Beyond Tech 16:17 Digital Assets Meet AI 18:14 Whats Next For AI 20:28 Closing Key insights: • How AI adoption is broadening beyond the technology sector. • Why having a defined use case can matter when companies deploy AI. • Where power, copper and specialized materials may create physical constraints. • How healthcare and manufacturing are applying AI to complex processes. • Why robotics and autonomous vehicles represent a shift toward physical AI. • How digital assets could support machine-to-machine transactions and micropayments. 👉 Subscribe to The Bid podcast playlist for more insights from BlackRock experts: https://1blk.co/48iHOs4 🔗 Watch and Subscribe to The Bid on YouTube: https://1blk.co/48iHOs4 🔗 Follow Us on LinkedIn: https://1blk.co/3v09q6Q 🔗 Follow Us on Twitter (or X): https://1blk.co/3NuiIOW 🔗 Learn More About BlackRock: https://1blk.co/41uwhDS AI economy, AI investing, AI adoption, infrastructure, megaforces, capital markets, artificial intelligence Sources: 2026 Thematic Mid-Year Update “Welcome to the AI Economy”, iShares.com; This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.