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Three years after ChatGPT’s debut in November of 2022, opinions about the ultimate economic impact of AI are mixed. The most rapidly adopted technology in history has more than changed how we interact with computers and mobile devices. It has altered how investors and businesses allocate capital and natural resources. We’re witnessing a global technology […]
During a recent client lunch, the conversation turned to AI’s impact on education. The client, an educator, shared that college students are increasingly using AI to write papers. While students cheating on essays isn’t new, what struck me was the professor’s response. Rather than encouraging original work, her former colleagues have turned to AI for […]
2023 saw political strife, a regional bank crisis, Fed rate hikes, and worries about an economy that might be either too hot (inflation) or too cold (recession.) Yet despite it all, markets generally posted positive returns, with the S&P 500 ending 2023 up more than 25%, while the MSCI EAFE Index rose more than 18% […]
