News

No one should be ‘all-in’ or stay ‘all-out’ of AI, says Oaktree co-founder

In December, Howard Marks published an investment memo titled, “Is it a bubble?” that expressed some of his skepticism and reservations about artificial intelligence and the stock market boom it had created.

A few months and one tutorial from Anthropic’s Claude AI model later, Marks’ latest investment memo has the header “AI hurtles ahead.” It’s fair to say that if Marks hasn’t been completely converted to a bull on AI investment, he is now convinced of the revolutionary technological benefits it brings. He guesses its potential is underestimated, but warns that may not mean the investment price is right.