Discerning ‘hype from reality’ with AI in 2024

Posted by Anton Murray Consulting on 1 Feb, 2024


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.

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