AI leaders Paul Achleitner and Evelyne Pflugi assess future and market dynamics

Paul Achleitner warned that artificial intelligence could surpass human folly and outlined three possible paths: an entertainment‑style oligopoly, a utility‑like industry comparable to telecom or airlines, or a shift toward smaller, energy‑efficient language models. He stressed Europe’s lag in computing capacity, the need for societal acceptance of AI, and the importance of balancing performance with legitimacy.

Investor Evelyne Pflugi highlighted the surge in demand for high‑performance memory chips, citing SK Hynix, Micron and Samsung as dominant players. She noted a portfolio overhaul that exits cloud services and ERP software, while retaining AI‑driven advertising stocks such as Alphabet and Meta and adding autonomous‑driving technologies. Pflugi dismissed concerns of an AI bubble and speculated on possible U.S. government actions if OpenAI were to falter.