With artificial intelligence (AI) we have now arrived at what can be seen as the ‘third epoch of technology’. The first was the development of the internet; the second – smartphones. AI could contribute hundreds of billions in increased productivity and new consumption to the global economy. This technology could potentially impact all sectors. We believe it will present a myriad of investment opportunities in the years ahead.
However, opinions on AI’s latest phase range from excited approval from the many companies which see rich potential in its application to those who downplay its use as a new gimmick or worry about its unintended consequences and potential future impacts on humankind.
Siuchoon Koay, research analyst, Newton Investment Management
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