UBS’s Entrepreneur Clients Are Betting on Big Gains From AI

UBS Group AG’s global entrepreneur clients are betting artificial intelligence offers the biggest opportunities over the next five years, a contrast to those industries viewing it as a threat.

Over half of the wealth manager’s super-rich clients view AI as the technology offering the biggest commercial opportunity in their businesses, according to a report from the Zurich-based bank on Wednesday. About 67% across all sectors see increases in operational efficiency and automation as the biggest expected positive impact over five years.