Breaking down the enigma of artificial intelligence

This monthly commentary gives a roundup of global markets and trends.

In this edition:

• After underperforming in 2022, technology stocks have made a comeback this year, led by interest in a new type of artificial intelligence (AI) called generative AI
• AI will play a crucial role in many of the themes we expect to define the next decade and beyond
• AI-led productivity gains and subsequently company profits could potentially come quickly since it is readily accessible
• We favour the hardware and semi-conductors areas needed for AI development along with the established incumbents over AI start-ups