Investing in an age of AI disruption

Global equities have rebounded sharply in recent weeks as hopes of an end to hostilities in the Middle East and robust corporate earnings from several leading US companies propelled shares to record highs. The MSCI World index, having on March 30 been down 6.3 per cent for the year, has since surged 14.6 per cent. The rise in global markets has been paced by the US as the rally in technology shares shows little sign of running out of steam amid an ongoing boom in spending on Artificial Intelligence (AI). The S&P 500 index hit a record high on May 11. However, behind this seemingly rosy picture...