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.