AI Adoption Still in ‘Very Early’ Stages, BlackRock Exec Says

PYMNTS.com December 8, 2024

Investment giant BlackRock expects 2025 to be a big year for infrastructure and cybersecurity.

And the artificial intelligence (AI) boom will play a major role in those investments, Jay Jacobs, BlackRock’s U.S. head of thematic and active ETFs, told CNBC in a report published Saturday (Dec. 7).

“It’s still very early in the AI adoption cycle,” he said.

He added that AI firms need to build out their data centers, while protecting that data will likely be a wise investment in the new year.

“If you think about your data, you want to spend more on cybersecurity as it gets more valuable,” he said. “We think this is really going to benefit the cybersecurity [and the] software community, which is...

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