Artificial intelligence (AI) is the elephant in the room that everyone DOES want to talk about. And they should… because it’s still a challenge for investors to get their heads wrapped around the extent of AI’s impact. AI is the catalyst for an enormous paradigm shift in… everything. So, it should be no surprise that the central theme for our market outlook remains AI. We do not believe investors or much of the industry have yet to recognize the immense impact AI will have at every level of society and the economy. At the same time, it is rapidly becoming integrated into everyday life, appearing in drive-through restaurants as well as computer interfaces. Soon, AI will be everywhere, literally. In our view, AI will fundamentally transform the way we live and do business in much the same way as personal computers, the internet, and smartphones have changed how we live and do business over the past 40 years.
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