AI driving jobless growth? Not a deal breaker for local equities

ARTIFICIAL intelligence (AI) is quickly becoming ubiquitous. AI tools are now widely deployed across many functions in diverse sectors.

Planning an overseas trip? Doing research on an investment idea? Seeking help on a health issue? AI can help individuals in all those areas and more.

As AI grows more powerful and AI adoption increases, diverse businesses that use AI effectively will reap productivity gains and higher profits. This trend can help explain investors embracing equities despite geopolitical tensions, trade protectionism and societies fragmenting.