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It is once again that most joyous time of year where we step back to take time with our families, reflect on the accomplishments of the year that has passed and we, the authors, have the pleasure of writing another “By the Numbers” article. This year we saw the impact of tariffs, attempted and actual assassinations, hostage releases, space rescues, a Chicago Pope, airplane crashes, wildfires, wild swings in the market, a government shutdown, deportations, protests, and the ever-evolving world of artificial intelligence that made 2025 one for the books. Here are some numbers that help to tell that story: $18.81 Trillion – Dollars invested in ETFs globally. Assets have increased 26.7% year-to-date.1 $878 Billion – Dollar value of Elon Musk’s pay package at Tesla, approved by shareholders in November. In order for Musk to realize the full amount, Tesla market capitalization must rise in value from $1.5 trillion to...
10.03.2023
It seems that Chatbots and Artificial Intelligence are invading every part of modern life. According to recent news reports, over 80% of Fortune 500 companies have adopted one of the new large language AI models.[1] Goldman Sachs estimates that AI adoption could enable a 1.5% increase in labor productivity resulting in an increase of 1.1% per year of Gross Domestic Product (GDP – the total value of all goods and services produced by the economy). Given that our GDP normally averages around 2.5%, a 1.1% addition to our average GDP could represent a 40% increase, significantly impacting corporate earnings and market valuations across the economy.[2] Certainly, AI models can organize, summarize, reconcile, and interpret labeled data beyond human capacity, but can they duplicate the more intangible aspects of human endeavors? These models increasingly mimic human behaviors and beg an intriguing question: are they more than just a better abacus that...
