85% of North American Family Offices Select AI as Top Investment Theme
- 1A study by RBC Wes Management and Camden Wes found that 85% of 155 North American family offices selected AI as an asset class or investment theme.
- 275% of family offices expect an AI bubble to burst within the next five years.
- 3Bill Lingham, Director of Private Sector Strategy, said enthusiasm for AI may impact investors' short-term focus more than their long-term strategies.
So what's the key point?
85 percent of North American wealth management firms identified artificial intelligence as a primary investment target. However, many investors anticipate that the artificial intelligence bubble will burst within five years.
Source CNBC · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.