The Inevitability No One Sees | $11 Billion Tech Manager on What Investors Miss About AI

Tony Wang, who runs the T. Rowe Price Science and Technology Fund, joins the podcast to discuss tech investing, AI, and the concept of investing in inevitabilities. Wang believes AI is the dominant driver in the market, leading to a K-shaped distribution where companies are either AI winners or losers. He views the current AI build-out as a space race with multiple opportunities, not a zero-sum game, and suggests that AI will unlock economic prosperity by removing labor bottlenecks. Wang also addresses concerns about job losses due to AI, suggesting that it will lead to a retraining of the workforce and create new, more interesting jobs, emphasizing the importance of creativity and judgment in the age of AI.