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BlackRock joins AI mania, calling it a potential ‘mega force’

Anchalee Worrachate

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BlackRock is betting on the AI boom as it latches onto the promise of productivity gains from artificial intelligence.

The world’s largest asset manager has just introduced a bullish call on the theme, following a blistering AI-powered rally that’s already driven the best-ever first half of a year for the tech-heavy Nasdaq 100 index. It picked out semiconductor makers, companies with vast sets of data or high potential for automation as those most likely to benefit.

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    Original URL: https://www.afr.com/technology/blackrock-joins-ai-mania-calling-it-a-potential-mega-force-20230629-p5dkac