News Formal

BlackRock Strategist Says Era of Generalist Investing is Over Due to AI Advancement

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 15 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 90%

Finance News

Blackrock,Strategist,Era

BlackRock global chief investment strategist Wei Li states that the rapid advancement of artificial intelligence requires specialists who can understand and value AI projects, marking the end of generalist investing.

BlackRock global chief investment strategist Wei Li says the rapid advancement of artificial intelligence demands a new class of specialists, signalling the end of the era of generalist investing. Li tells the Business Summit that only specialists can understand and value the kind of AI projects that more and more companies are implementing and discussing in their reporting.

“I genuinely feel, as we move through the Magnificent Seven (Microsoft, Apple, Alphabet, Amazon, Nvidia, Meta, and Tesla) as the implementers of the AI theme that the era of generalist investing is over,” she says. “We actually need real specialists to be able to be very discerning.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Magnificent seven: Lessons from BlackRock’s Australian quant king Andrew AngBlackRock’s Australian-raised super-quant on why factors may explain almost everything there is to know about beating the market.
Source: FinancialReview - 🏆 2. / 90 Read more »