George Chin |

AI is the topic of the year and will be for the foreseeable future. Artificial intelligence is driving returns for technology stocks, moving into this exponentially growing segment of technology.
This week Google rolled out additional details about their AI efforts and how they intend to integrate it into their business. You can expect Apple to likely do this next week as well. 
In most portfolios, AI is a component of our investment strategy. It’s important to be cautious when new technologies are released, but it is equally important not to miss opportunities for growth. We are seeking to capture opportunity as well to not expose portfolios to significant high valuation risk.
Excerpts from a recent CNBC article are provided below:


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“At Google I/O on Tuesday, the company announced Gemini 1.5 Flash, the newest addition to the Gemini model series.  

“We heard from developers that they wanted something faster and even more cost effective,” said Demis Hassabis, CEO of Google DeepMind, in a press briefing.

The unveiling comes as tech companies increasingly refocus their product development and rollouts around generative AI, which is of particular importance to Google because the new tools give consumers more advanced and creative ways to access online information compared to traditional web search.
OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with a new user interface. The new model, GPT-4o, is twice as fast as GPT-4 Turbo and half the cost, the company said.

Google also announced an improved Gemini 1.5 Pro model, which has the ability to make sense of multiple large documents — 1,500-pages total — or summarize 100 emails, according to a vice president working on Gemini.

Gemini 1.5 Pro will soon be able to handle an hour of video content, or codebases with more than 30,000 lines, Hsiao said.”

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Disclosures: DWM currently holds Apple Inc. (AAPL) and Alphabet, Inc. (GOOGL) in DWM managed portfolio strategies.

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