BlackRock on what could derail the ‘AI mega force’
The world’s largest asset manager’s chief investment strategist for Apac & Middle East says artificial intelligence will have the same impact as steam engines or electricity.
The rise of artificial intelligence is a “genuinely transformational moment” and while the stock prices of leading AI companies are “not cheap”, they are still justifiable, BlackRock Investment Institute's chief investment strategist for Apac & Middle East, Ben Powell, says.