As the market concerns itself with a potential artificial intelligence (AI) bubble, there is a clearer and more practical approach that can be taken by investing in companies that could potentially benefit as AI technology progresses. We see AI moving in one direction — one that leads to its costs falling, its speed accelerating, and its growing complexity widening what the technology can do. We believe that the economics of business that are best able to harness AI should improve as the technology scales.
Many still dismiss the AI trend, overlook its compounding gains, and ignore the multiple ways those gains have the potential to shift competitive moats.
