Fed Sees Fewer Rate Cuts on the Horizon
The Fed and other central banks are weighing exactly how high rates need to rise, and for how long, to quell inflation without triggering an economic downturn.
The lights went out in Hollywood this summer when film and television writers went on strike, and a major sticking point in negotiations was the role that generative AI will play in future productions. As the strike came to an end this week, the writers’ union said it tentatively agreed to a set of rules governing the use of AI in creating scripts. The entertainment industry isn’t the only one exploring the full scope of AI’s impact on how it does business—as well as its impact on labor markets, with millions of jobs possibly at stake. Generative AI is expected to have a profound impact on economic growth by exponentially increasing productivity. For investors, it will be crucial to identify which countries and sectors will hold the competitive edge.
The newest edition of PGIM’s OUTFront series takes a close look at the rise of generative AI, potential roadblocks that may stymie growth, and how businesses across a range of industries can build competitive advantages by leveraging AI tools. Looking to the future, investors may find that companies with high-quality data, and with people who are adept at integrating AI into their businesses, will benefit most.
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