While there is good to come from the use of artificial intelligence, it still poses some concerns and questions. Local Edward Jones Financial Advisor Jason Spanhook says artificial intelligence does factor into the labor force and investments into tech companies:
“Artificial intelligence will affect almost all of our jobs. I equate it to the internet that about 25 years ago was becoming a thing and it most certainly created a disruption, but statistics show it was a net positive for the United States, for society, that the internet came along in terms of jobs. So, I think artificial intelligence could look something similar. There are specific stocks that are very popular associated with artificial intelligence, I would say, in terms of investing, let’s invest with a net; something broad based, rather than a particular company. That could be a basket of stocks that looks at artificial intelligence.”
Spanhook informs that historically, having a broader base supports a strong market.
