PGIM, a global investment management firm, held its fourth annual EMEA Investor Forum in London on November 7, 2023. This event gathered CIOs and senior investment professionals to delve into critical investment themes and ideas for the coming year. One of the sessions was a panel discussion titled “Who Will Be the Winners and Losers in the AI Wave?”, moderated by Kees de Koning, founder of VI Company. This session was focusing on the rapid proliferation of AI in the investment landscape. The panel delved into AI’s largely unexplored implications and potential. It aimed to demystify AI’s real-world investment implications, providing insights for today’s investors.
AI’s Transformative Role and Investment Perspectives
Raj Shant, a global equity client portfolio manager at Jennison Associates, highlighted AI’s emergence as a transformative force in computing technology. He drew parallels between AI’s impact and the smartphone revolution, suggesting its potential to fundamentally alter daily life and business operations. Shant mentions investors to focus on companies actively making AI a reality, rather than speculative future applications. He cited examples from sectors like healthcare and finance, where AI is already making significant inroads.
Real Estate and Technology Innovation
Jonathan Hannam, co-founder of Taronga Ventures, addressed the real estate sector’s innovation challenges. He underscored the need for investment in emerging technologies, such as AI and climate tech, to propel the industry forward. Hannam pointed out opportunities for growth and transformation in real estate, particularly in enhancing sustainability and addressing climate change. He referenced specific case studies where AI has enabled more efficient building management and energy conservation.