The adoption of artificial intelligence and large language models could usher in a rare period of immense productivity, according to billionaire hedge-fund manager Paul Tudor Jones.
Jones expects more division in this next market period, expecting big winners and big losers ahead. He sees the booming AI industry that's grown in popularity following ChatGPT's debut and contributed to a hefty chunk of this year's market gains as one of those major opportunity areas. He also told CNBC that he believes the Federal Reserve is finished hiking rates . If history is any guide, this AI-driven productivity cycle could foster solid gains for the market.
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