I recently had dinner with a friend who’s a small business owner, and he swears by ChatGPT. The tool is saving him time, effort and (to be blunt) future employee hiring. A lot of people think AI is imploding—hence the selloff in tech stocks we saw following last week’s softer-than-expected jobs report. But the truth is, AI is simply moving past the initial excitement we see with every new technology. As AI embeds itself in the apps and devices we use every day, it’ll boost productivity, just like it’s doing for my friend. As that happens, we’ll want to make sure you have some AI exposure in our portfolios, especially as ChatGPT replaces more expensive humans, a trend that’s already in motion, as we can see from last week’s jobs report.… Read more