230: AI At The Frontier: A Stock Picker's Take on AI Investing

The world of artificial intelligence continues to profoundly impact the stock markets and create investment opportunities. Despite a brief setback earlier this year, AI continues to push the boundaries of human ingenuity and drive market dynamics.

Oscar Pulido welcomes Tony Kim, head of the BlackRock Fundamental Equities Global Technology Team, and Michael Gates, lead portfolio manager of BlackRock's target allocation models. Fresh from their interactions with technology leaders in San Francisco and Silicon Valley, Tony and Michael share their insights on the rapid advancements in AI, the efficiencies it brings to the economy, and the promising investment opportunities it unveils across various sectors.

Key moments from this episode:

00:00 Introducing AI’s Unprecedented Investment Surge

03:03 The Three Layers of AI Investment Opportunity

08:21 AI’s Impact on Labor and Services

10:34 Exponential Growth and Humanoid Robots

14:41 Quantum Computing and Cybersecurity

18:48 Considering The Societal Impact and Future Outlook

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Sources: “AI Scaling Laws and Market Structure”, Anton Korinek, Professor of Economics, University of Virginia; Bloomberg data as of June 31st 2025; “The Complex Truth About AI Computing and Value”, Wall Street Journal, March 2nd 2025; Analysis based on BlackRock Global Technology evaluations and calculations; BlackRock and World Bank Group Data, World Bank estimates GDP around $111 trillion, Capital expenditure on AI infrastructure is estimated at around $400 bn.

AI, AI Investing, Tech Investing, Technology Investing, Silicon Valley, Tech

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