Will AI pay off?

Explore diverging views on the AI trade

The question is not whether AI will fail or not but if the technology will pay off enough to justify the massive investments in AI-related infrastructure and the elevated market caps of AI businesses. Insights from Allianz GI, Amundi, Robeco, and more explore the visible opportunities and risks – and also what may be under the surface.

New Tools, Old Habits: Investing In The Age of AI (Orbis Investments)

If AI can read every filing, attend every conference call, and model every scenario better than any human analyst, what exactly is left for an investment firm to do?

Real Assets for New Realities (PGIM)

For compliance reasons, this paper is only accessible in certain geographies

In a world of constraints, real assets may deliver inflation protection, income generation, and diversification through exposure to essential resources.

Will AI Make Firms Bigger or Smaller? (Man Group)

A framework that offers a way to answer which industries consolidate, which fragment, and how fast, before the market does.

Webinar Takeaways: AI-Powered Private Credit (Apex Group)

For compliance reasons, this paper is only accessible in certain geographies

At a time when AI is spurring wholesale change in business and finance, private credit offers up its own distinctive set of challenges.

5-Year Expected Returns: The Great Rewiring (Robeco)

The human brain has always been able to adapt to adversity, rewiring itself when necessary. We’re now at a similar point in the global economy.

Markets Weigh Rising Yields And AI Exuberance (Amundi)

For compliance reasons, this paper is NOT accessible in the United States

What is driving the recent rise in bond volatility, and what could higher yields mean for investors?

Global Credit: AI Debt, Fed Credibility, and Where Value Sits (Mawer IM)

A year ago, global credit spreads were tight and the risks that mattered most were barely in the headlines. A discussion of how things have evolved since then.

The (A)Iceberg Beneath Tech Debt (Allianz GI)

Why is big tech’s debt considered an iceberg? Because most of it is not visible on the balance sheet.

The AI Data Center Backlash: Can the Boom Survive? (aberdeen Investments)

AI needs data centers. How can they be built in a way that works for communities as well as investors?

Big Tech, Big Debt: When U.S. Tech Giants Tap the Euro Area Bond Market (ECB)

U.S. tech giants are increasingly tapping the euro area bond market to fund their investments. What are the consequences, and what is the potential?

Who Owns the Technology Harness? (MFS)

For compliance reasons, this paper is only accessible in certain geographies

An AI model is like a car engine – without the chassis, brakes, transmission, and seatbelts, it likely won’t get you where you need to go.

AI Debt Failure Will Prompt Another Wave of Fed Bailouts (Myrmikan Capital)

The hyperscalers will not disappear – they control large, real businesses. But their market caps must adjust to remove the AI premiums.

Perspectives Special Edition: Artificial Intelligence (SwissLife AM)

Artificial intelligence is increasingly evolving from a technological innovation into a key driver of investment, economic growth and financial markets.