Investing in the Future: AI Insights for Strategic Investors
What Makes AI Investment-Ready Now?
We continue to receive excellent questions from many of you! One recent question that Brad Neuman, CFA answered in the latest episode of What's on Your Mind? is why we believe artificial intelligence is “investment-ready” now.
“Unlike some things that people have gotten excited about in capital markets in the past, AI dollar spending is actually happening now.”
Another reason is that chips are getting more powerful every year, which helps feed into AI-based programs. Do you have a question for a future video? If so, send them in through your Alger representative.
Under-The-Radar AI Enablers and Adopters?
If you missed it, Portfolio Manager Amy Y. Zhang, CFA joined host Alex Bernstein on The Alger Podcast: Investing in Growth and Change to share her insights into AI enablers and adopters that we believe are “flying under the radar.” Some companies are using AI to:
How Will AI Impact Employment in the Future?
The invention of the tractor significantly boosted agricultural production in the late 19th century — will we see a similar watershed moment for AI and today’s knowledge workers?
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In our view, AI has the potential to increase output and income for some workers. We believe professions in healthcare, engineering, and finance can stand to benefit from AI.
AI may also make other jobs obsolete. However, as history has shown, technological innovations can often lead to new job creation.
Read more in our article, AI and the Future of Work.
The “Power” of AI
As mainstream, consumer-focused usage of AI grows, more attention is being turned to the infrastructure that supports AI. In Empowering Intelligence, Portfolio Managers Ankur Crawford and Patrick Kelly share their perspectives on how data centers play a critical role in supporting data-hungry applications.
Besides the underlying backbone that powers AI, another key component to consider is utilities. The increased usage of AI and the surge in data generation are placing more pressure on energy usage, as illustrated in the chart below. As Ankur and Patrick point out, utilities will need to invest in their infrastructure to support increased demand.
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Empowering Growth Through Strategic Insights, Digital Transformation, and Business Excellence | Visionary Leader at MetaNexus | Executive Consultant Driving Success
8 个月Artificial Intelligence is a transformative force that’s reshaping industries and altering the investment landscape. My suggestion is to approach AI investment with a focus on long-term growth potential, considering both the innovative applications of AI in various fields and the infrastructural demands it entails. It’s crucial to balance the excitement around AI’s capabilities with a strategic understanding of its broader economic and social impacts.