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What's more striking: More than two-thirds of 292 respondents, predominantly in the financial sector, didn't view their own jobs as being at risk any time soon.
Artificial intelligence has been in development for decades. But in recent months so-called generative AI — most notably OpenAI's ChatGPT and DALL-E products — sparked widespread excitement among investors who believe it could also generate massive financial rewards.
MLIV Pulse survey participants were split almost evenly on whether these kinds of technologies were worth investing in. Investors appeared to not use any kind of artificial intelligence, with only 12% saying they used one and just 27% saying they planned to. More than half of all respondents said they aren't even considering using AI to help them invest.
This contrasts starkly with recent rallies seen in the market for companies connected to advanced AI, in part fueled by the widespread publicity of ChatGPT and Microsoft Corp.'s $10 billion
Businesses and investors are in a race to become go-to names for
Still, the promise of tools like ChatGPT leaves room for some investors to desire, with only 49% of respondents saying they planned to buy stocks with exposure to such generative AI tools. Overall, about 41% of all respondents said they intended to increase exposure to tech stocks more broadly, while 38% said they'd hold steady over the next six months. This is despite their expectations for the Nasdaq 100, which closed on Friday at 12,573.36, to fall to 12,000 by the year-end, according to the median forecast.
It's likely that investors are waiting on a final selling frenzy to buy.
Even before the current wave of interest in AI, the question of whether smart automation will create more opportunities than it displaces has been a
In January, Alphabet
Dell Technologies Inc., facing plummeting demand for personal computers,
It appears that majority of investors surveyed by MLIV Pulse believe that those layoffs are too small or just right. Very few respondents, or about 11%, think those cuts are too big. Similarly, only 13% see them as premature.
"There are very interesting AI wars coming up between the tech companies," University of Southampton Professor of Computer Science Wendy Hall
This week, the MLIV Pulse survey focuses on real estate. Do you think the price of your house will go up or down this year? Share your views
(Adds Nasdaq 100 forecast in seventh graph, Dell layoffs in 11th.)
--With assistance from Alicia Diaz, Tomoko Yamazaki and Ritsuko Ando.
To contact the author of this story:
Nate Lanxon in London at
