While a recent selloff in shares of chipmaker Nvidia Corp may have fuelled fears of an artificial intelligence bubble, investors and asset managers still take a broadly positive view of the technology — with some caveats.
“If you look at the chart on Nvidia, you can barely see the correction,” Eisman said in a separate Bloomberg Television interview on Tuesday. “I don’t think it means anything.” “It requires trillions of spend on a long-dated basis, and I think we’re just naturally the place to allocate that,” he said, noting that Apollo provided financing to semiconductor firm Wolfspeed, and participated in a recent deal with Intel Corp.
Man Group chief executive officer Robyn Grew said her firm, which manages roughly $175.7 billion and is best known for its systematic strategies, has been using AI for at least a decade. ADVERTISEMENT: CONTINUE READING BELOW “It’s part of our DNA,” Grew said.
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