JPMorgan says AI's 'democratization' could put these 2 U.S.-listed Asian stocks at risk

📆 24/08/2023 04:11:00
📰 CNBC

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Wall Street bank warned that the expansion of generative AI could erode product differentiation and pricing power among currently competitive companies.

JPMorgan warned that rapid growth in artificial intelligence is no guarantee of sustained earnings increase — and could leave many companies at risk. The Wall Street bank said that the rise in companies using generative AI, the technology made popular by OpenAI's ChatGPT, will boost productivity and deepen customer engagement.

Sea The investment bank's analysts named Sea Ltd , a New York-listed tech conglomerate headquartered in Singapore, as a company whose profit margins are at risk of falling. The company owns the e-commerce platform Shopee, the fintech platform SeaMoney and the game development studio Garena. JPMorgan said Sea could cement its e-commerce and fintech leadership through more personalized recommendations and better financial products.

Write Comment

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:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stock market today: Asian stocks follow Wall Street higher ahead of Federal Reserve conferenceAsian stocks have followed Wall Street higher as traders wait for signs of interest rate plans from this week’s Federal Reserve conference.
Source: AP - 🏆 728. / 51 Read more »