The Angle from T. Rowe Price
AI at work: From promise to impact
Artificial intelligence is moving from promise to practical impact, reshaping companies, industries, and the global economy. In this new season, we look beyond the hype to examine where AI may create lasting value, where expectations may be too high, and what investors should be watching as the technology moves into the real economy.
AI: Potentially the biggest productivity enhancer since electricity?
AI overtakes internet in productivity boost
The internet delivered a powerful boost to productivity, but AI looks set to surpass it just three years after the launch of ChatGPT
Tech earnings support reasonable valuations
Valuations still appear reasonable due to the strong earnings growth that large‑cap technology companies—including the “Magnificent Seven”—are generating
How to navigate a potential AI bubble
We believe we are still relatively early in what is clearly a multiyear cycle. While competitive intensity is rising, profitability for now remains intact
2026 Midyear Market Outlook
AI moves into the real economy
AI is transitioning from a concentrated technology trade into a wider industrial and infrastructure investment cycle.
AI continues to be a powerful driver of market performance, but the opportunity set is changing. While capital expenditure (capex) remains durable and strategically unavoidable, the focus is shifting from the scale of hyperscaler spending to where that spending flows, which companies benefit, and how broadly the earnings impact spreads.
AI market risk and considerations
While AI and infrastructure investment could reshape the investment landscape, outcomes remain uncertain. Execution challenges, fiscal pressures, regulatory changes and slower-than-expected productivity gains could delay or reduce the expected benefits, reminding investors that structural shifts often take longer to emerge than markets anticipate.
Featured Podcasts
AI at work: From promise to impact
AI is moving from promise to practical impact, reshaping companies, industries, and the global economy. In this new season, AI at Work: From Promise to Impact, we look beyond the hype to examine where AI may create lasting value, where expectations may be too high, and what investors should be watching as the technology moves into the real economy.
Episode 1
41:03 mins
AI and the great transformation: A global investor’s view
How does a global investor think about AI? In the opening episode of Season 6, AI at Work: From Promise to Impact, Dave Eiswert discusses disruption, infrastructure bottlenecks, relative returns, and opportunities beyond obvious technology winners.
Episode 2
22:49 mins
Physical AI: A deep dive into autonomous vehicles and robotics
Tony Wang and Lee Sandquist look to the future to help us understand what physical AI may mean for the world. From autonomous vehicles and robotics to defense applications and industrial automation, listen to what the future may hold.
Coming Soon
Change agents: What agentic AI means for hardware and software
Dom Rizzo and Frank Shi discuss agentic AI, why it matters for the capex cycle, and how hardware, software, memory, CPUs, and networking may evolve.
Coming Soon
AI and the global economy: Productivity, jobs, and inflation
Arif Husain and Blerina Uruci explore AI’s macroeconomic consequences, including productivity, labor markets, inflation, rates, and the policy choices facing economies and societies.
Coming Soon
AI sleepers: The winners hiding in plain sight
AI’s next winners may not all sit in technology. Shaun Currie and Jon Friar explore potentially overlooked beneficiaries as adoption spreads into health care, industrials, financials, and consumer businesses.
The Long View: CEO Podcast
The Long View
51:11 mins
Interview with Sarah Friar, CFO of OpenAI
In this episode, OpenAI CFO Sarah Friar talks to Eric about OpenAI’s explosive growth, global strategy, technology investments, and how AI agents are reshaping business and daily life.
The Long View
51:16 mins
Interview with Jensen Huang, Founder and CEO of Nvidia Corporation
In this episode, Eric is joined by Nvidia Founder and CEO, Jensen Huang, as he talks about the advancements coming in artificial intelligence, the importance of being more energy efficient, and AI’s potential to boost economic growth.
Insights: Our thoughts on AI
Tech Tour 2026: AI is Here and Now
Each year, a team of T. Rowe Price portfolio managers and analysts meet with the CEOs of the world's leading and emerging technology firms in Silicon Valley to uncover exclusive insights into the tech and AI sector.
Dom Rizzo and Tony Wang and portfolio specialist Jennifer Martin, distill these insights and explore the current state of AI adoption and how real-world applications are scaling across industries; how technology companies are balancing growth with financial discipline; and what investors should focus on as clear paths to monetisation begin to emerge.
Funds with AI exposure
Our approach to investing is truly global. With one of the most extensive and experienced buy-side global research engines in the industry, our investment teams discover investment opportunities you can be confident in.
T. Rowe Price
Global Equity Fund
A truly global equity portfolio targeting companies from developed, emerging and frontier markets.
T. Rowe Price Concentrated Global Equity Fund
A high conviction global equity portfolio that seeks to thrive in all market environments without favouring any one style of investing.
T. Rowe Price
Global High Income Fund
Aims to deliver high income and capital appreciation by investing primarily in global high yield bonds.
T. Rowe Price
Global Impact Equity Fund
A dual mandate fund that pursues stocks with clear impact and financial return markers to deliver long-term capital appreciation.
Where securities are mentioned, the specific securities identified and described are for informational purposes only and do not represent recommendations.
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