How ChatGPT and artificial intelligence is impacting investment markets
The launch of ChatGPT and Artificial Intelligence apps late last year was greeted with a frenzy of enthusiasm as investors eyed the potential for productivity gains and innovation. We look beneath the hype and consider the implications for your investment portfolio.
AI is automating many of the tasks that people do and has the potential to boost productivity, reduce costs, and create new innovation opportunities. Businesses that effectively leverage the technology are likely to get a benefit.
Remarkably, research by McKinsey estimates that generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually to the global economy.
Investment markets have shown a lot of enthusiasm for AI and Chat GPT technology, it may be that widespread AI productivity gains could boost economic growth and share market performance across the world.
Click here to read our summary about how ChatGPT and Artificial Intelligence is impacting investment markets.
If you’d like to discuss how an increased exposure to the artificial intelligence value-chain could benefit your investment portfolio, please speak to us. We can advise you on your options, taking into account your overall financial goals.
Until next time,
Regards Rodney.
Rodney Johnstone CFP BBus, DipFP, GradDipAppFin
Authorised Representative of Count Financial Limited
Financial Adviser, FPW Financial Advice Pty Ltd
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