Fast podcast: What ChatGPT means for investors | Pendal Group
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Fast podcast: What ChatGPT means for investors

INTERNET search has been upended by ChatGPT – a “generative AI” technology that can scan existing knowledge and create new and original data such as images, text and music.

Will programs such as ChatGPT bring sweeping change to everything we know? Or is it just the next dot com bubble?

Our head of global equities ASHLEY PITTARD explains in this new Pendal Fast Podcast.

You can also listen to this podcast on Apple or Spotify
An excerpt from this podcast with Pendal’s head of global equities Ashley Pittard:

How will generative AI technologies such as ChatGPT impact investors?

There are two parts to that question.

First of all, stock price movements near term. There’s been a lot of volatility in stock prices that have this technology.

When Baidu announced that they had a bot, their stock price was up 15% on the announcement.

When Microsoft said that they were integrating ChatGPT into their search engine, Bing, and also into their Edge browser, their stock price was up 4%.

Google, on the other hand, was down 8% and was actually the worst non-earnings day that Google has ever had versus the S&P 500 in the last 10 years.

So near-term, there’s going to be significantly more volatility.

But longer term, the AI technology – which is the real gem of ChatGPT – will create significant earnings opportunities or revenue opportunities for companies in big tech.

That AI technology is going to be the backbone of the internet going forward and it’s going to drive many, many outcomes – not just in search.

Find out about

Pendal Concentrated Global Share Fund


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About Ashley Pittard and Pendal Concentrated Global Share Fund

Ashley Pittard leads Pendal’s Global Equities investment boutique. He is responsible for setting the strategy, processes and risk management for the boutique and its funds including Pendal Concentrated Global Share (COGS) Fund.

Ashley has more than 24 years of finance experience, including roles in petroleum economics, global energy investment analysis and 20 years as a global equities fund manager.

Pendal COGS Fund is an actively managed, concentrated portfolio of global shares diversified across a broad range of global sharemarkets.

Find out more about Pendal Concentrated Global Share Fund

Pendal is a global investment management business focused on delivering superior investment returns for our clients through active management.

Contact a Pendal key account manager here.


About Pendal Group

Pendal is a global investment management business focused on delivering superior investment returns for our clients through active management.

In 2023, Pendal became part of Perpetual Limited (ASX:PPT), bringing together two of Australia’s most respected active asset management brands to create a global leader in multi-boutique asset management with autonomous, world-class investment capabilities and a growing leadership position in ESG.

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