Artificial Intelligence

Ignore the ‘AI revolution’ at your own peril, investors warn

While a recent selloff in shares of chipmaker Nvidia may have fueled fears of an artificial intelligence bubble, investors and asset managers still take a broadly positive view of the technology — with some caveats.

Speaking at the Bloomberg Invest summit Tuesday, Coatue Management founder Philippe Laffont said he’s bullish on AI despite the hype, pointing out that increased chatter about an investment can actually be a good sign.

But he expressed some concern about geopolitical instability in China potentially affecting production of the chips that power AI computing. If China invades Taiwan, for example, it would adversely affect Nvidia shares and global stock markets, Laffont said.


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