Ulrike Hoffmann-Burchardi, Chief Investment Officer of Wealth Management Americas and Global Equity Head at UBS, stated that the threat of artificial intelligence (AI) to software-based companies should prompt investors to shift their focus from tech firms to those deeply involved in the physical sector, such as mining companies, power producers, and industrial enterprises.
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UBS Wealth Management Americas Chief Investment Officer recommends abandoning technology and rushing into the real economy amid the AI craze
Ulrike Hoffmann-Burchardi, Chief Investment Officer of Wealth Management Americas and Global Equity Head at UBS, stated that the threat of artificial intelligence (AI) to software-based companies should prompt investors to shift their focus from tech firms to those deeply involved in the physical sector, such as mining companies, power producers, and industrial enterprises.