Discerning ‘hype from reality’ with AI in 2024

Posted by Anton Murray Consulting on 1 Feb, 2024

InvestorDaily

While AI continues to pique investor interest, a financial services firm has warned that the “principles of good investing” still apply. AI, particularly in the realm of generative AI, is largely expected to change the way business is conducted in 2024, according to Morningstar. Morningstar’s 2024 outlook has labelled the pace at which AI has entered the market as “remarkable”, with cumulative flows into AI and big data thematic funds having quickly surpassed $15 billion in 2023, while this figure was in the red in September 2020.

“While we’d warn investors not to let hype dominate their investment decisions, we are seeing a tremendous shift in the make-up of equity markets, which are worthy of note for all investor types,” the research house said. While this presents an opportunity for investors to enhance their portfolios, Morningstar underscored the importance of discerning “hype from reality”. Namely, regulation was highlighted as a prominent risk in 2024, with governments and regulators globally scrutinising its technological capabilities.

The rest of this article can be found at investordaily.com.au.

Latest market insights

Australian Dollar rebounds modestly from multi-year lows

› Read more

Gold could surpass US$3.1k in 2025, this wealth giant says

› Read more

Centuria Bass Credit names former Wallabies vice-captain as deputy CEO

› Read more

Local ETF industry on track for $300bn, fund manager says

› Read more

Westpac CFO retires, bank to gear up for new leadership

› Read more

X feed

Australian Dollar rebounds modestly from multi-year lows: https://ow.ly/PofX50UFQ3A

Gold could surpass US$3.1k in 2025, this wealth giant says: https://ow.ly/8X8h50UFQ0f

Local ETF industry on track for $300bn, fund manager says: https://ow.ly/ZXCL50UFPSu

Centuria Bass Credit names former Wallabies vice-captain as deputy CEO: https://ow.ly/YVAJ50UFPNx

Sign up to our newsletter

Sign up to our newsletter

"*" indicates required fields

By subscribing to our newsletter I agree to the collection, use and disclosure of my personal information in accordance with our Privacy Policy