The launch of ChatGPT in November 2022 has kicked off a new gold rush in futuretech, namely the buildout of artificial intelligence capabilities to enhance industrial productivity and competitiveness (not to mention writing term papers). Growth-minded investors have shifted their focus from digital assets/crypotocurrencies to the metaverse and now to artificial intelligence as ChatGPT, which has helped bridge the practical to the theoretical based on “artificial general intelligence [built on deep learning and leveraging large amounts of data]…that can solve human-level problems (OpenAI).” Beyond ChatGPT, the potential for promising applications from AI-driven solutions and assistance seem endless. Some examples:

• Enhanced web searches and targeted advertising (i.e. more direct engagement),
• Medical treatments/diagnoses,
• Business productivity covering investment management and cybersecurity, and
• Enhanced customer service and social engagement.

By Benjamin M. Lavine, CFA, CAIA, RICP
Chief Investment Strategist, Freedom Advisors & Chief Investment Officer, 3D, a Freedom Advisors company