Yahoo Finance Executive Editor Brian Sozzi sits down with Goldman Sachs chief economist Jan Hatzius at the Goldman Sachs Communicopia and Tech Conference to discuss how the AI race may transform the economy.

"I'm definitely in the camp that AI will have a very meaningful impact on the economy," Hatzius tells Yahoo Finance. He explains that sectors like energy and data centers will see a visible effect from the AI race. However, he believes that it will take "several years" before the economy on a broader scale will feel major effects from the technology.

He adds, "We lifted our long-term growth forecast for the US on the back of AI from 1.8% per year to 2.2% per year, sort of in the early 2030s. And that's a pretty sizable number. Obviously, it's not as dramatic sounding a number as some of the more maybe micro or sectoral effects, but, you know, $428 trillion economy, or whatever that number is going to be five or ten years down the road, it's a lot."

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This post was written by Melanie Riehl