BlackRock acknowledged artificial intelligence (AI) as one major economic shift in a mid-year outlook report published on June 28.
BlackRock calls AI a “digital disruption”
The asset management giant called artificial intelligence a “digital disruption” and a force that can be leveraged through new investment opportunities.
The company said that it has an outsized or “overweight” investment in AI-related opportunities and claimed that its investment tilt “already captures AI beneficiaries.”
The company also observed various trends related to tech and AI.
Via BlackRock’s 2023 mid-year outlook
Specifically, BlackRock noted that corporate awareness and incorporation of AI had witnessed a significant rise in 2023. The firm’s charts show that the latest round of earning calls mentioned AI 14,000 times.
BlackRock also observed that S&P 500 gains now focus on a few tech stocks. This trend indicates that AI and other “mega forces” can produce returns even when the m
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