Over the four decades of radical change that began with the PC-driven shift of the 1980s, the annual return on stocks has been only marginally higher than in the five preceding decades. AI will have a similar impact: it will produce a few big winners, but its net positive effect on markets overall will be surprisingly small.
NEW YORK – Over the past year and a half, artificial intelligence has gone from imaginative speculation to market reality, fueling both greed and fear. As a few companies, such as Nvidia and Microsoft (with its $10 billion investment in OpenAI), gained hundreds of billions of dollars in market capitalization, Hollywood writers and actors went on strike, demanding new rules for AI-generated material.
NEW YORK – Over the past year and a half, artificial intelligence has gone from imaginative speculation to market reality, fueling both greed and fear. As a few companies, such as Nvidia and Microsoft (with its $10 billion investment in OpenAI), gained hundreds of billions of dollars in market capitalization, Hollywood writers and actors went on strike, demanding new rules for AI-generated material.