AI an “Incredibly Powerful Theme” of Next Decade: How to Invest

Artificial intelligence is one of the top investment themes this year and is the new megatrend likely to last for at least the next decade. BlackRock’s Jay Jacobs and Global X’s Pedro Palandrani joined VettaFi’s head of research, Todd Rosenbluth, to discuss AI investing and companies to look to in the coming years at the recent AI Symposium hosted by VettaFi.

Jay Jacobs, U.S. head of thematics and active equity ETFs at BlackRock, kicked things off with why BlackRock views artificial intelligence as an integral investment theme. BlackRock maintains the position that AI is one of the most powerful forces in terms of economic impact, looking ahead.

“We believe that this is going to be one of the most transformational technologies really since the introduction of the internet,” explained Jacobs. “If you look at AI as a whole, this is probably a $15 trillion economy within AI, with probably $25 trillion worth of economic impact.”

The adoption of artificial intelligence is already happening at a rapid pace. ChatGPT logged more than 100 billion new users in the last two months. Jacobs also remarked that AI is crossing its inflection point on the j-curve of adoption.

Attendees agreed, with 53% of survey respondents indicating they believe AI is the biggest thing since the internet.