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The Rise of Chat GPT in the Global Economy
The big tech companies that are expected to benefit the most from chat GPT and other models are up over 60% year to date. The global stock market on an equated basis has only returned 5% through June 30th, 2023. Capital economics raised their two year forecast for the S&P 500 expected US stocks to appreciate 50% between now and the end of 2025. They believe AI represents a potentially massive shift in the global economic narrative.