Editorial companion

What stands out

On Fox Business, Mike Dickson, Horizon's Head of Research and Quantitative Strategies, reminded viewers of a blunt truth: not every way to own artificial intelligence (AI) will be rewarded by the market. The clip frames AI as a set of investable pieces, where some components, think scalable compute, data infrastructure and software that actually drives paying customers, stand a better chance of delivering returns than headline-grabbing prototypes. For disciplined investors the value of a quant perspective is twofold, it separates hype from implementable exposure and it forces you to think about where economic value will be captured.