{"id":195357,"date":"2023-08-25T10:15:00","date_gmt":"2023-08-25T14:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=195357"},"modified":"2023-10-05T16:16:57","modified_gmt":"2023-10-05T20:16:57","slug":"podcast-what-does-artificial-intelligence-mean-for-investors","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/podcast-what-does-artificial-intelligence-mean-for-investors\/","title":{"rendered":"Podcast: What Does Artificial Intelligence Mean For Investors?"},"content":{"rendered":"\n<p>Investing is all about possibilities. And artificial intelligence (AI for short) presents many. This powerful and misunderstood technology can help companies and their workers be more productive across the economic spectrum. However, thanks to Hollywood portrayals, some fear AI could lead to the end of humanity, or at least the end of their job. People fear what they don\u2019t understand. Most technologies are resisted until they\u2019re embraced.<\/p>\n\n\n\n<p>Ashley Oerth, a Senior Investment Strategy Analyst at Invesco, joins&nbsp;<a href=\"https:\/\/www.invesco.com\/us\/en\/insights\/topic\/market-and-economic-insights\/greater-possibilities-podcast.html\">the Greater Possibilities podcast<\/a>&nbsp;to add context to these concerns and shed light on what AI can and can\u2019t do. She talks about three types of companies that may benefit from AI: enablers, adopters, and responders. What are the obstacles? What are the opportunities?<\/p>\n\n\n\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/is-artificial-intelligence-coming-for-our-jobs\/id1549028043?i=1000624431636\">Listen on Apple Podcasts<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/open.spotify.com\/episode\/2nSxiHYix6ez1kI2zjPmLt\">Listen on Spotify<\/a><\/p>\n\n\n\n<p>Here are some of her thoughts:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Artificial intelligence is a nebulous concept that carries different meanings for different people. In the most basic form, it mimics human intelligence and decision-making by processing and categorizing data to respond to a prompt. This narrow AI is designed to do something specific.<\/li>\n\n\n\n<li>With the rise and release of ChatGPT, generative AI seemed to take the world by storm. The technology has been around for a while. But more computing power and better data have led to incremental improvements. These newer systems give the impression of understanding and creativity.<\/li>\n\n\n\n<li>Generative AI is essentially a prediction model. In terms of text, a chatbot can predict the words that flow from a question. It\u2019s trained to respond with the most likely words. But the answer won\u2019t necessarily be the same every time. The tools are probabilistic rather than deterministic, meaning the sort of dice roll that happens each time leads to different responses.<\/li>\n\n\n\n<li>Generative AI systems have proved capable of creating in mediums besides text, including images, audio, and video. The technology has moved beyond science fiction to real-world applications that the public can experiment with. The tools are flexible enough to respond naturally in many different scenarios. This has created excitement and apprehension.<\/li>\n\n\n\n<li>It\u2019s not clear if AI will ever be able to do any of the more intellectually challenging jobs. The technology can learn, and it can create increasingly convincing facsimiles that give impression of thinking. But AI doesn\u2019t have ideas. It can\u2019t critically analyze a problem. The technology recognizes interconnected topics based on training data. Rather than taking over for knowledge workers, the tool will more likely be paired with them as part of their regular workflows.<\/li>\n\n\n\n<li>Ashley described three types of companies that may benefit from AI: enablers, adopters, and responders. Enablers are companies with products and services to help build and train AI models, such as producers of semiconductors, mega-cap tech names, and owners of large stores of data. Adopters are companies that can integrate AI models to create efficiencies in their businesses. Responders are companies that react to AI\u2019s implications in society.<\/li>\n\n\n\n<li>Companies involved in the AI craze have created some euphoria in the market, illustrated by earnings and valuation. In terms of earnings growth, mega-cap tech names have been marked up about five percentage points, which Ashley thinks look reasonable.<sup>1<\/sup>&nbsp;Valuation has moved from 36 times earnings earlier this year to 51 times earnings.<sup><a href=\"https:\/\/www.invesco.com\/us\/en\/insights\/artificial-intelligence-ai-investor-market.html#1\">1<\/a><\/sup>&nbsp;While that\u2019s a bigger jump, it\u2019s not necessarily outlandish, Ashley said.<\/li>\n<\/ul>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted August 15, 2023 <\/p>\n\n\n\n<p><a href=\"https:\/\/www.invesco.com\/us\/en\/insights\/artificial-intelligence-ai-investor-market.html?utm_campaign=thirdparty&amp;utm_source=ibrokers&amp;utm_medium=referralference\">Podcast: What does artificial intelligence mean for investors?<\/a> by Invesco US<\/p>\n\n\n\n<p><strong>Important Information<\/strong><\/p>\n\n\n\n<p>You&#8217;ve been listening to Invesco&#8217;s Greater Possibilities Podcast.<\/p>\n\n\n\n<p>The opinions expressed are those of the speakers, are based on current market conditions as of July 25, 2023, and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals.<\/p>\n\n\n\n<p>This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.<\/p>\n\n\n\n<p>Should this contain any forward looking statements, understand they are not guarantees of future results. They involve risks, uncertainties, and assumptions. There can be no assurance that actual results will not differ materially from expectations.<\/p>\n\n\n\n<p>All investing involves risk, including the risk of loss.<\/p>\n\n\n\n<p>Discussions of specific companies are for illustrative purposes only and should not be considered buy\/sell recommendations.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ashley Oerth joins the podcast to talk about what AI is (a tool that can help knowledge workers be more productive) and what it isn\u2019t (the end of humanity, thankfully). <\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[455,18,6,13857,8,9,26,3],"tags":[632,912,460],"contributors-categories":[13606],"class_list":{"0":"post-195357","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-contributor-podcasts","7":"category-macro","8":"category-north-america","9":"category-podcasts","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-ai","15":"tag-artificial-intelligence","16":"tag-podcast","17":"contributors-categories-invesco-us"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Podcast: What Does Artificial Intelligence Mean For Investors?<\/title>\n<meta name=\"description\" content=\"Ashley Oerth joins the podcast to talk about what AI is (a tool that can help knowledge workers be more productive) and what it isn\u2019t (the end of...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/195357\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Podcast: What Does Artificial Intelligence Mean For Investors? | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Ashley Oerth joins the podcast to talk about what AI is (a tool that can help knowledge workers be more productive) and what it isn\u2019t (the end of humanity, thankfully).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/podcast-what-does-artificial-intelligence-mean-for-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-25T14:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-05T20:16:57+00:00\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/podcast-what-does-artificial-intelligence-mean-for-investors\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/podcast-what-does-artificial-intelligence-mean-for-investors\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Contributor Author\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t            },\n\t            \"headline\": \"Podcast: What Does Artificial Intelligence Mean For Investors?\",\n\t            \"datePublished\": \"2023-08-25T14:15:00+00:00\",\n\t            \"dateModified\": \"2023-10-05T20:16:57+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/podcast-what-does-artificial-intelligence-mean-for-investors\\\/\"\n\t            },\n\t            \"wordCount\": 716,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"keywords\": [\n\t                \"AI\",\n\t                \"Artificial Intelligence\",\n\t                \"podcast\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Contributor Podcasts\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Podcasts\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/podcast-what-does-artificial-intelligence-mean-for-investors\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/podcast-what-does-artificial-intelligence-mean-for-investors\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/podcasts\\\/contributor-podcasts\\\/podcast-what-does-artificial-intelligence-mean-for-investors\\\/\",\n\t            \"name\": \"Podcast: What Does Artificial Intelligence Mean For Investors? 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