Bloomberg Surveillance · Tuesday, August 11, 2026
The true value of AI is not in the hype around semiconductor stocks, but in its ability to drive productivity and solve everyday problems by processing data and optimizing processes like supply chains. Private markets are expected to be key in realizing this value.
“Look, everybody's chasing the same AI trade in the public markets, which is the semiconductor stocks and the quasi public stocks. That are those frontier models.”
“But when you think about what is it AI really is, it is a shortcut to productivity. It is there to solve friction. It is there to solve everyday problems that otherwise are really difficult to solve.”
“So I think the true value of AI is what do you do with those models? What is the most cost effective model that you can use for each particular task? What is the most efficient and can you figure out things like supply chain optimization. Can you figure out things like real world up or dynamic pricing? Can you be more efficient with the underwriting of insurance policies?”