An AI productivity boom is upon us, and market watchers are excited

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AI can process huge amounts of information quickly, speeding up decision-making and improving the efficiency of companies

. For example, asset managers can use AI to make astute investment decisions and any company with a complex supply chain will have a better grasp of inventories.

“It’s going to take a couple of years for those productivity gains to filter through the bottom line. But I think that’s going to be a key driver in the back half of this decade,” Mr. Schulze said. What’s more important to investors: While the bull market ended badly, the run-up was nothing short of remarkable. The Standard & Poor’s 500 IndexOptimism about an AI-fuelled rally may seem at odds with a stock market that has slumped since the summer as bond yields rise to new multiyear highs. The yield on the 10-year U.S. Treasury bond approached a high of 4.9 per cent this week, and economists expect yields could stay high for some time.

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