


The key point really is that AI is not new. The tech is disruptive, but this early in the cycle it’s hard to know just how much of the hype cycle is real. It’s the latest gold rush, and just like the original, there are going to be some big winners, as well as plenty of losers along the way.įor investors, it’s actually a really challenging environment to invest in. The biggest tech giants in the world are getting in on the game, as well as countless indie developers building micro products and plugins. From the moment that ChatGPT was released into the wild, it’s been a non-stop stream of new products, features and announcements all across tech. The futures market is even pricing in a rate cut of a full percentage point by the end of the year, though Powell stated that a cut is not currently on their agenda for this year. Chairman Jerome Powell suggested that they could be getting closer to a change in their tightening policy, which is a major departure from previous announcements and a potential welcome sign for investors. So while a pause in hikes would have been done to provide some breathing space for troubled banks, the reality could have been the exact opposite.įor investors, the key takeaway wasn’t the number, but the comments.
