The biggest beneficiaries of generative artificial intelligence may not be in the sector at all, but those that can leverage it to improve operations.
After a month of listening to companies espouse the virtues of artificial intelligence, analysts have warned investors not to be seduced by the hype and that its biggest benefits could be realised outside the tech sector.
Barrenjoey’s co-head of technology Josh Kannourakis warns investors not to get too excited about generative AI. “Topics like AI and specifically generative AI are definitely of mind for investors coming out of this earnings season, but it’s important to remember there are few ways to play this domestically and investors need to think broadly about its potential,” Mr Kannourakis said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Care A2 misled US regulators to pump up ASX float, distributor allegesIn an increasingly acrimonious dispute, Gensco Pharma says its former partner alleged the company inflated how prepared it was to supply the lucrative market.
Read more »
Guy Debelle quits Andrew Forrest's Fortescue Future Industries, ASX loses ground on FridayAustralia's share market lost ground on Friday as Fortescue saw another high profile resignation. Catch the day's business news on our live blog — as it happened.
Read more »
ASX 200 finished the day down on FridayThe ASX 200 finished the day down on Friday by 0.37 per cent, with healthcare stocks being the worst performers.
Read more »
ASX slips as Fortescue, Qantas extend lossesThe iron ore giant was among the biggest casualties on Friday after the exit of another high-profile executive, but Santos rallied after selling an LNG stake.
Read more »
Here’s how ASX investors can play the AI boomAustralia may initially appear to offer limited avenues for investing in artificial intelligence, but within the realm of AI development, companies like NextDC and Goodman Group stand out.
Read more »
‘Only at Qantas’: workers express disbelief at CEO Alan Joyce’s $10m share windfallUnions say bonus payments, revealed to the ASX on Friday, ‘reward management for short-term thinking and cost cutting’
Read more »