Mel Lagomasino on Bloomberg Technology: Perspectives on AI and a Sunny Outlook

November 7, 2024

 

In a recent appearance on Bloomberg Technology, Mel Lagomasino, CEO and managing partner at WE Family Offices, discussed how artificial intelligence is impacting companies like Alphabet and other tech giants. Mel highlighted the shift from AI being viewed as a costly investment to becoming a strategic tool for enhancing productivity and managing costs. She shared how companies are using AI to answer increasingly complex customer queries, which, in turn, has strengthened Alphabet’s competitive position in search.

Beyond the tech sector, Mel offered an optimistic perspective on the U.S. economy, pointing to recent GDP and employment growth as positive indicators. Despite market fluctuations, her outlook remained clear: a long-term focus is essential, especially for those invested in tech leaders such as Nvidia and AMD. “It’s all green light ahead,” she noted, reflecting on the economic resilience driving investment opportunities.

Listen to the full interview above.

Important Information:

This interview contains our current opinions and commentary that are subject to change without notice. Our commentary is distributed for informational and educational purposes only and does not consider the specific investment objective, financial situation, or needs of any recipient. The information contained herein does not constitute legal or tax advice to any person. Please consult with your tax advisor regarding any taxation implications of the information presented in this presentation.