(Finance) – “Artificial intelligence (AI) could have a positive impact on the productivity and on the growth of GDP. However, the impact will not be linear between sectorsespecially in the early stages. Companies that are already investing heavily in AI technologies are the ones most likely to see benefits revenues and/or on profitabilitybut some expectations may be disappointed due to greater and new competitive pressure and the emergence of questionable business cases in light of the costs involved.” This is what they argue Vincet MortierThat is Amundiand Monica Defend, Head of Amundi Investment Institute at Amundi.
“To identify these companies, we use a framework that classifies them into four types of AI: technology providers, technology enablers, users and innovators – they explained –. suppliers of AI technology (e.g. semiconductor companies) are the early winners, well positioned to take advantage of the strong demand for AI, while enablers of AI technology (e.g. hyperscalers/cloud providers, data centers) are strong investors in artificial intelligence, as they purchase most of the cutting-edge AI graphics processing units (GPUs).
“In our opinion, future winners are more likely to be found among companies that already enjoy a advantage competitive – underlined the two Amundi executives –. We highlight sectors that could see a significant impact of AI beyond technology enablers and their suppliers, such as the software and gods servicesof the average and of theentertainmentcommercial and professional services and industry”.
“Our focus is also on sectors where AI will have a significant role, but the long-term outcome in terms of growth and margins is uncertain. These include sector financialwhich is an early adopter, and healthcare, which is already investing significant capital in AI,” they concluded.