If you do anything, invest in companies that embrace AI
Alex Pollak | Loftus Peak | 23 August 2023 | 0.25 CE
AI has been described as a lever for detaching economic growth from population growth – as important as the steam engine. AI is the latest tool in a wave of disruption that is rolling through all global industries, at a pace that is quickening. Companies that don’t use the cutting-edge tools – like AI - to remake their business, as did Amazon, Netflix and eventually Disney, simply don’t have a place in today’s portfolios, whether index or not, because technology is slashing their useful lives, causing them to derate and increasing their cost of capital.