AI is gobbling up power and money — and sidelining this big issue, Blackstone and BlackRock CEO say

Core Insights - The conference in Saudi Arabia brought together leading financial experts to discuss the implications of AI on investing and the U.S. economy [1] Group 1: AI and Investing - Experts highlighted the transformative potential of AI in investment strategies, emphasizing its ability to analyze vast datasets and identify trends [1] - Discussions included the integration of AI tools in portfolio management, which could enhance decision-making processes and improve returns [1] Group 2: U.S. Economy - The panelists expressed concerns about the current state of the U.S. economy, noting potential challenges such as inflation and interest rate fluctuations [1] - Predictions regarding economic growth were discussed, with some experts suggesting a cautious outlook due to geopolitical tensions and market volatility [1]