BlackRock highlights artificial intelligence in its 2023 midyear … – Seeking Alpha

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BlackRock outlined in their 2023 midyear outlook report to investors that markets currently provide an abundance of investment opportunities with one area being artificial intelligence.

AI-driven productivity gains could boost profit margins, especially of companies with high staffing costs or a large share of tasks that could be automated, the worlds largest asset manager stated in its midyear report.

The financial firm outlined that Wall Street is still assessing the potential effects AI brings to applications and how the technology could disrupt entire industries. The firm stated that AI goes beyond sectors and also brings greater cybersecurity risks across the board.

BlackRock went on to add: We think the importance of data for AI and potential winners is underappreciated. Companies with vast sets of proprietary data have the ability to more quickly and easily leverage a large amount of data to create innovative models. New AI tools could analyze and unlock the value of the data gold mine some companies may be sitting on.

For investors looking to analyze the artificial intelligence space further, see below a grouping of 10 popular AI focused exchange traded funds:

More on Artificial Intelligence:

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BlackRock highlights artificial intelligence in its 2023 midyear ... - Seeking Alpha

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