Money Life With Chuck Jaffe Daily Podcast

Blackrock's Jacobs: The next phase for AI investing will lead the way in 2024

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Synopsis

Jay Jacobs, U.S. Head of Thematic and Active Equity ETFs at BlackRock, says in The Big Interview that artificial intelligence will move from the early stage where people are investing because they love the concept into its commercialization phase where investors are attracted by the profits as they see new technologies emerge and start to take hold in 2024. Among his other investment themes for the year ahead, medical innovation, which he also expects to be helped along by the use of AI. Also on the show, Tom Lydon, vice chairman at VettaFi looks at what's glittering now with his ETF of the Week, Will Hansen of the Plan Sponsor Council of America discusses the group’s 66th Annual Survey of Profit Sharing and 401(k) Plans, which shows that Americans' have cut back on savings with the end of pandemic-driven stimulus dollars, and Amber Fairbanks of Impax Asset Management -- co-manager of the firm's new Global Social Leaders fund -- talks stocks in the Market Call.