观点投资

Investing in AI — hype and hope

Some chipmakers may benefit — but be wary of valuations

I have just had a break to walk the UK’s 100-mile South Downs Way from Winchester to Beachy Head on the south coast. The plan was to chalk off 20 miles a day for the first four days and then ease up. Dream on!

Day three was the killer. My blistering pace resulted in . . . well, blisters. Able only to hobble, I had to abandon the final legs of the trek. I will finish it one day — but at a more prudent pace.

Perhaps not surprisingly, I have been reflecting on how we sometimes let our enthusiasm blind us to the practical realities of life. In the investment world the most recent example of this is artificial intelligence (AI).

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