CE Spotlight Chapter 6: Blowing bubbles? AI's financial market implications The AI revolution is likely to add to upward pressure on real and nominal bond yields, but should also be a positive for stock markets. One reason is the prospect of even faster growth in earnings... 26th September 2023 · 0 mins read
CE Spotlight Chapter 5: AI and the global economic order Our new, proprietary AI Economic Impact Index suggests that the US will lead and be one of the main beneficiaries of the AI revolution. This will widen its outperformance over the euro-zone, and also... 26th September 2023 · 0 mins read
CE Spotlight Chapter 4: The policy dilemmas from AI If the AI revolution is unlikely to lead to widespread technological unemployment, then there should be no need for much-vaunted policies such as a Universal Basic Income. Instead policymakers should... 26th September 2023 · 0 mins read
CE Spotlight Chapter 3: AI, jobs and prices Fears of a big rise in “technological unemployment” are misplaced; if anything the net impact on labour demand will ultimately be positive. But the potential for AI to affect a much wider range of... 26th September 2023 · 0 mins read
CE Spotlight Chapter 2: AI's economic revolution We believe that the new breed of generative artificial intelligence (AI) has the potential to deliver a substantial boost to productivity growth. This is more likely to be a late-2020s and 2030s story... 26th September 2023 · 0 mins read
CE Spotlight Chapter 1: AI – What’s all the fuss about? Given its wide range of potential applications, the new breed of machine learning techniques and generative AI would appear to have all the characteristics to become a standalone general-purpose... 26th September 2023 · 0 mins read
Event Drop-In: AI, Economies and Markets – How artificial intelligence will transform the global economy 1696492800 Often-breathless debate around AI can leave investors bewildered as to what this emerging technology will actually mean for the global economy and markets.
Capital Daily Are Chinese AI stocks about to take off? We think China’s AI-related stocks may outperform their US counterparts over the rest of this year. But their longer-term prospects look less upbeat, to us. 31st August 2023 · 5 mins read
Capital Daily Will valuations hinder AI-related stocks’ performance? Stronger-than-expected Q2 earnings from Nvidia have extended this week’s relief rally in stock markets. While we think that US equities could falter over the rest of the year as growth disappoints, we... 24th August 2023 · 4 mins read
Asset Allocation Update What to make of the IT sector’s recent stumble The S&P 500 IT sector has struggled this month amid rising bond yields and waning enthusiasm for AI. While we think the sector may fall further this year in absolute terms, we still project it to... 17th August 2023 · 3 mins read
Europe Economics Update Track record suggests EU will be slow to adopt AI Europe benefitted less than the US from information-communications technology between the mid-1990s and mid-2000s because most of the innovative tech firms were based in the US and structural factors... 28th July 2023 · 4 mins read
Asset Allocation Update Are AI equity valuations justified? The sky-high valuations of some touted winners from AI have given rise to claims that their share prices have risen to unsustainably high levels. Is there anything we can learn from the dot com era? 26th July 2023 · 5 mins read
