In its mid-year outlook report released in December 2016, BlackRock acknowledged that artificial intelligence (AI) is one of the major economic changes. June 28th.
BlackRock Calls AI “Digital Disruption”
The wealth management giant calls artificial intelligence “digital disruption,” a force it can harness through new investment opportunities.
The company said it was over-investing or “over-investing” in AI-related opportunities, arguing that its investment slant “has already earned AI beneficiaries.”
The company also observed various trends related to technology and AI.
Specifically, BlackRock noted a significant increase in enterprise AI awareness and adoption in 2023. According to the company’s chart, he was mentioned AI 14,000 times in the most recent earnings report.
BlackRock also observed that the S&P 500 gains are now concentrated in several tech stocks. This trend shows that AI and other “giant forces” can generate profits even when the macro environment offers little other opportunity.
The company said recent growth in AI has been driven by advances in computing power, data and machine learning, and companies are increasingly integrating AI to automate tasks, boost productivity and drive innovation. suggested. Companies are hiring AI experts and leveraging AI to automate tasks and improve productivity, according to the report.
BlackRock also suggested that AI trends could lead to further growth. For example, this trend could lead to even higher investments in semiconductor production needed for AI development. This trend can also lead to monetization of data stores.
BlackRock pursues Bitcoin ETF
BlackRock has made headlines in the cryptocurrency community by recently filing for a spot Bitcoin Exchange Traded Fund (ETF).
The application was submitted on June 15th. If regulators approve the application, BlackRock’s fund will be the first ETF of its kind in the United States.
Despite the excitement in the cryptocurrency community, a Bitcoin ETF was not discussed in BlackRock’s recent AI-focused report.
An article about BlackRock calling AI “Megaforce” first appeared on CryptoSlate.
