The Token Tax: A Research-Driven View on AI and Software Across Equity and Credit

A cross-asset Q&A on AI costs, software, and credit risk.

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An experienced partner with global reach*

1937

Year founded

CAD 2.44 trillion

Assets under management

923

Investment professionals

From the Field

The great rotation: AI, deadweight loss, and the end of easy compounding

AI is shifting value beyond tech, challenging mega-cap dominance, and increasing dispersion.

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In the Spotlight

The Long View: David Solomon, Chairman and CEO of Goldman Sachs

In this conversation, David Solomon, Chairman and CEO of Goldman Sachs, joins Eric to discuss leadership, artificial intelligence, markets, and the future of global finance.

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Gain an edge with our best thinking on investments, markets, and retirement

Market shifts. Global news. Our experts distill the latest movements in the financial world into actionable insights.

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Important Information

*As of September 30, 2025. Firmwide Assets Under Management includes assets managed by T. Rowe Price Associates, Inc., and its investment advisory affliciates.

Assets under management are calculated in US dollars and converted to Canadian dollars using an exchange rate determined by an independent third party.

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