|
AGI or Bust: The High-Stakes Strategy Driving Tech Stocks
The massive investment in AI tools such as ChatGPT, Gemini, Grok and others has been likened to a modern-day space race, with Silicon Valley companies — rather than governments — pouring capital into the technology. Doubts about whether today’s AI tools will be profitable have led some investors to worry there is an AI bubble, while Elon Musk, Peter Thiel, and Sam Altman argue that the push into large language models is about more than chatbots — viewing it instead as a stepping stone toward artificial general intelligence (AGI), which they believe could ultimately be extraordinarily valuable.
Paul De Vierno, Strategist, Executive Director, UOBKH Wealth Management Paul De Vierno is the strategist of UOB Kay Hian's Wealth Management team. He has 40 years' investment experience in the capital markets and commodities. Paul held positions in the UK, Geneva, Singapore and the US for the world's largest commodities trading firm. Prior to joining UOB Kay Hian, Paul had managed the Asian office for a US$7 billion private equity fund. Gregg Guerin, Senior Product Specialist, First Trust Global Portfolio Gregg is a senior investment professional with extensive experience in institutional sales and product specialisation at First Trust Global Portfolios. Prior to his work in London, he was a member of the First Trust Institutional Team, where he supported business development and client engagement across investment solutions.
|