Assessing the bull and bear case for AI

Let’s start by saying: buy the pullbacks. We are long-term bulls – how can you not be? That said, we are still in the very early innings of what artificial intelligence (AI) will be in the future and the profitability and uncertainty is significant. The AI trade has decades of impact to fully play out in markets and society. The wheel, the steam engine, the semiconductor, the internet and now AI all had long-term productivity enhancing impacts. By-and-large, technology breakthroughs like this are disinflationary to be sure. Latest updates on artificial intelligence news here There have been other technology breakthroughs,…