CIO Blog: The Next Chapter - Artificial Intelligence
The release of ChatGPT, over a year ago, ignited unparalleled enthusiasm about the rise of a new age of artificial intelligence (AI). At first glance, this enthusiasm seems akin to hype: stock prices of American AI behemoths such as Nvidia, Microsoft, or Meta surged between 58% and 239% in 20231, offsetting much of the sluggish returns from many other sectors across global equity markets. Digging deeper, however, the new technology is almost certain to transform the economy - and society - as we know it. The implications for labour markets will be significant, throwing a lifeline to economies struggling with deteriorating demographics. Investment opportunities abound, but selectivity is key. Click here to learn more in our January 2024 CIO Blog. |
Accompanying our digital document, click on the play icon below to watch Thomas Gehlen, our Senior Market Strategist, explore long-term investment implications in more detail.
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