AI Declared 'Mega Force' For Investment Returns By BlackRock

Global investment firm BlackRock, managing $10 trillion in assets. 

It sees artificial intelligence (AI) as a "mega force" that can generate substantial returns in the current market. In its mid-year outlook report, BlackRock highlighted the concentration of gains in a few tech stocks and recommended investing in AI to capitalize on this trend. The firm believes AI can drive returns by automating tasks, leading to cost savings and improved profit margins. Additionally, AI-powered tools can help companies leverage proprietary data for innovative models. While some skeptics question the sustainability of the AI boom, BlackRock remains bullish on AI and has also applied for a Bitcoin Exchange Traded Fund (ETF).