The Digest | New Jersey Magazine
Issue link: https://magazines.vuenj.com/i/1519891
As my readers have come to know from past articles, I have been doing this for a long time. I have guided investors and their portfolios through countless recessions, bull markets, bear markets, tech wrecks, booms, and busts. It was always something: Cannabis, bitcoin, or the tulip craze in the 1600s (OK, maybe I'm not THAT old). ere always seems to be some form of a new hot topic that is supposedly going to change the world. In the last issue of the VUE, we dug deep into how to protect yourself by following my five golden rules. However, I think AI may be the most compelling and legitimate game changer of my career, potentially even bigger than the internet. Although, like the internet and tech boom with its ensuing dot com bubble, the world did change. With the internet, there truly was world-changing technology and legitimate investment winners, but not without filling a graveyard with stocks that simply imploded. Timing and following the rules is everything, of course. Many people got wrapped up in the excitement, forgot the golden rules, and ended up getting hurt. Let's look at AI from an investment perspective staring from the basics. e rapid advancements of AI technology have attracted significant attention from investors seeking to capitalize on its potential benefits. However, like any investing opportunity, investing in AI comes with its own set of risks that investors must carefully consider. Let's explore some of the key risks associated with investing in AI. One of the primary risks of investing in AI is the complexity and rapidly evolving nature of the technology itself, with breakthroughs and innovations occurring at a rapid pace. is changing landscape can make it challenging for investors to predict which AI technologies and companies will succeed in the long term. Investing in AI will require a deep understanding of the technology and the market dynamics, as well as the ability to adapt quickly to new developments. Another significant risk associated with investing in AI is the potential for ethical and regulatory challenges. AI technologies raise a host of ethical concerns, including issues VUENJ.COM 93