AI revolution: who’s profiting now from generative AI?

Michael White

In this Q&A, members of global investment manager Schroders' public and private equities teams consider which types of tech companies may be best placed to reap the rewards.

Jonathan McMullan, Global Sector Specialist, Public Equities at Schroders
Michael White, Global Sector Specialist, Public Equities at Schroders
Paddy Flood, Global Sector Specialist, Public Equities at Schroders
Ankur Dubey, Investment Director, Private Equity at Schroders
Mike McLean, Senior Investment Director, Private Equity at Schroders

What is AI and why has interest in it taken off now?
Jonathan McMullan, Global Sector Specialist, Public Equities: “Artificial intelligence (AI) essentially means any technique that enables computers to complete tasks that typically require human intelligence. The concept of AI has been around for a long time; we could date it back to 1950 when Alan Turing introduced the Turing Test for machine intelligence. Like many conceptual technologies, its progress has ebbed and flowed over the years. The journey has been marked by alternating periods of heightened excitement and subsequent disillusionment.”

“We already encounter AI a lot in our daily lives, often without knowing it – think of voice or image recognition on your smartphone, or the TV shows which Netflix recommends to you. But generative AI – and particularly the unveiling of ChatGPT at the end of last year - has sparked peoples’ imaginations.”

“What really distinguishes generative AI from other hyped technologies of recent years, like cryptocurrency or the metaverse, is its tangible, practical nature. It's not just an abstract idea. Generative AI is already finding its way into everyday workflows, and we don't need to stretch our imaginations too far to see its transformative potential.”

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