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AI could bring back the Roaring Twenties: UBS Financial Services’ Jason Draho

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March 04, 2024

Jason Draho, head of asset allocation and CIO, Americas, at UBS Financial Services, tells BNN Bloomberg that AI could drive economic growth for the rest of the decade by further boosting labour productivity in the US. He says the latest earnings season has shown that companies and governments are ramping up their spending on AI faster than expected. He adds that the risk reward ratio for US equities looks relatively attractive even at these current levels.