HighView recently had two educational seminars, one in Oakville and one in Toronto, on the fascinating subject of Artificial Intelligence (AI).
Human progress moves ever more quickly as time marches on. More advanced societies have the ability to progress at a faster rate, so it’s no surprise that 19th century humanity made far more advances than 15th century humanity. This is referred to as the “Law of Accelerating Returns”.
And now, we are entering a new age of rapid AI advancement.
AI investment is growing fast. Tech giants such as Google are spending billions of dollars on R&D. Adoption patterns illustrate growing gaps between digitized early AI adopters and others. AI can deliver real value to serious adopters and can be a powerful force for disruption; it has the potential to improve forecasting and sourcing, optimize and automate operations, develop targeted marketing and pricing, and enhance the user experience. There are no shortcuts for business today. Companies cannot delay their digital journey if they wish to remain competitive. Adaptation will be crucial to survival.
Despite it’s upsides, artificial intelligence is scary for many. The idea of AI as a threat stems from the academic theory known as “the singularity” which argues that researchers will eventually develop a machine smarter than its creators. In doing so, this machine would be able to program itself in more advanced ways than humans can understand.
Our first speaker, Gayemarie Brown, embraces AI and sees abundant opportunity.
Gayemarie has more than 25 years of digital transformation experience. A seasoned, bold leader and entrepreneur, Gayemarie, through her work as National Innovation Leader for Deloitte Canada, and now as founder and CEO of her own consulting firm, Wintam Place Consulting, is a strategic visionary, helping companies translate their ambitions into practical plans. She is a sought-after speaker, world renowned female futurist, and a self-described lover of humanoids and artificial intelligence.
Sri Iyer, Managing Director and Head of Systematic Strategies at Guardian Capital, and portfolio manager for the Guardian Global Dividend Strategy is one of HighView’s investment managers. Sri began his career in the financial services industry in 1995, firstly with Global Value Investors based in Princeton, New Jersey, and since 2001, with Guardian Capital.
Sri spoke about how AI, machine learning, and Big Data are changing the investment industry and how Guardian has applied AI and Big Data into their research and forecasting abilities.
Another of HighView’s investment managers, Chris Page is President, CIO, and founder of Laurus Capital. Laurus relies on deep fundamental research and maintains concentrated portfolios of financially strong and well-managed companies with long term growth potential. For more than 30 years, Chris has held a number of senior positions within the investment and insurance business and founded Laurus with a vision of a firm focussed on client wealth creation through prudent risk averse investing and a culture that fosters independent thought.
Chris spoke about some of the Laurus Small Cap investments in companies with regards to how AI impacts and benefits competitive strength.
For Chris’s presentation, please click here.
The capabilities of artificial intelligence are rapidly increasing, which will have a significant impact on business and the economy, as well as the investment industry in particular.
It’s important for savvy investors and forward-thinking investment firms to stay engaged in the ongoing discussion and developments as this exciting technology progresses.
HighView is an experienced fiduciary investment counselling firm committed to investor transparency. We would be happy to discuss our goals-based investment approach with you and your professional advisors.
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