Is AI causing a market bubble, or is all the hype warranted? SmartBrief director Sean McMahon sat down with Parnassus Investments’ portfolio manager Andrew Choi.
High-quality businesses tend to remain high quality even during periods of technological change or rapid innovation, Choi said. In this Q&A video, learn from Choi what to look for when seeking investments influenced by AI, examples of firms positioned to grow with the broader adoption of AI and how Parnassus Investments applies responsible investing principles to AI. The trick, he said, is to separate the hype from the promise.
Before investing, an investor should carefully consider the investment objectives, risks, charges and expenses of the fund and should carefully read the prospectus or summary prospectus, which contain this information. A prospectus or summary prospectus can be obtained on the website, www.parnassus.com, or by calling (800) 999-3505.