Ajay Rajadhyaksha

Ajay Rajadhyaksha, global chairman of research at Barclays, dives deep into the evolving relationship between AI and the economy. He clarifies that AI is slowing new hiring and pressuring wages, rather than causing job losses. Rajadhyaksha highlights that substantial AI investments are fueling economic growth, but warns that a decline in such spending could trigger a recession. He also points to Japan and Korea as promising markets for AI opportunities, shedding light on the contrasting fates of private startups and established tech firms.

Ajay Rajadhyaksha, Chairman of Global Research at Barclays and macro/market strategist, explains how markets process new uncertainty. He discusses oil price dynamics and their inflation implications. He outlines why private credit risks are slow moving, and why AI-driven capex and adoption could anchor long-term productivity.

Ajay Rajadhyaksha, Global Chairman of Research who focuses on macro trends and markets. He argues AI is now the dominant force shaping the global economy. He contrasts AI’s impact with traditional drivers like labour and inflation. He flags risks around long-term yields, tech supply chains and AI hardware concentration. He outlines preferred positioning in US equities, big tech and selective commodities.