![AI generated image of someone creating something using AI tools](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/pagehead/image-ml.580.png/1718382198698.png)
Chief Investment Office AI content hub
Artificial intelligence
Gain insights about artificial intelligence from the Chief Investment Office
![artificial intelligence icon 1](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_163133225/col1/textimage_copy_10199/image.580.png/1717516890816.png)
1. AI will be the most profound innovation and one of the largest investment opportunities in human history
![artificial intelligence icon 2](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_163133225/col2/textimage_copy_10199/image.580.png/1717516906370.png)
2. AI will kick off a data center capex cycle that will dwarf general purpose data center capex in the next three years
![artificial intelligence icon 3](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_163133225/col3/textimage_copy_10199/image.580.png/1717516921913.png)
3. The ratio of monetization potential of the AI application layer to the costs of the enabling and intelligence layers will become a key metric for investment returns
![artificial intelligence icon 4](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_163133225/col4/textimage_copy_10199/image.580.png/1717706721737.png)
4. The AI market will be dominated by an oligopoly of vertically integrated “AI foundries”
![artificial intelligence icon 5](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_1631332/col1/textimage_copy_10199/image.580.png/1717516954481.png)
5. The AI silicon moment: AI chips will capture a large part of the value creation
![artificial intelligence icon 6](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_1631332/col2/textimage_copy_10199/image.580.png/1717516968400.png)
6. Monolithic players emerge along the AI value chain
![artificial intelligence icon 7](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_1631332/col3/textimage_copy_10199/image.580.png/1717706914809.png)
7. The race to AGI could trigger a capex cycle that inflates an investment bubble where the capex of the enabling layer is dissociated from near-term monetization potential
![artificial intelligence icon 8](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_1631332/col4/textimage_copy_10199/image.580.png/1717706940950.png)
8. The application layer and intelligence layers will merge with AGI
![artificial intelligence icon 9](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_1631332_2034480029/col1/textimage_copy_10199/image.580.png/1717517025188.png)
9. Software will become ubiquitous
![artificial intelligence icon 10](/global/en/wealth-management/insights/artificial-intelligence/_jcr_content/mainpar/toplevelgrid_1631332_2034480029/col2/textimage_copy_10199/image.580.png/1717517040409.png)
10. Data assets will emerge as the competitive differentiators for AI adopters
Want to learn more?
Artificial Intelligence (AI):
Sizing and seizing the investment opportunity
Videos related to artificial intelligence
Summer of AI video series