Surging stockmarkets are powered by artificial intelligence
- We calculate to what extent the recent rally depends on tech optimism
Do you buy the hype? The release of ChatGPT, a tool designed by OpenAI, has kicked off a wave of enthusiasm about artificial intelligence (AI). Everyone from spy agencies to law firms is trying to make use of the technology. And investors are working out how they might be able to take advantage of this by buying AI-exposed firms.