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CONTRIBUTORS

Matt Cioppa, CFA

Portfolio Manager, Research Analyst
Franklin Equity

Preview

The first phase of artificial intelligence (AI) was defined by technological breakthroughs. We think the next phase will be defined by infrastructure, commercialization and where AI creates lasting economic value. These are the five shifts we're watching most closely.

1 | AI Is Breaking the Adoption Curve
Artificial intelligence is commercializing faster than any previous technology platform, accelerating investment, adoption and value creation simultaneously.

2 | The Next Constraint Isn't Intelligence, It's Infrastructure
As AI scales, competitive advantage increasingly depends on the infrastructure that enables it—compute, connectivity, power and, ultimately, space.

3 | Space Becomes Part of the Stack
Commercial space is evolving from an aerospace industry into critical technology infrastructure that could help extend AI's reach beyond terrestrial limits.

4 | AI Moves into the Physical World
The next wave of AI is leaving the digital world, driving automation through robotics, autonomous systems and intelligent machines.

5 | The Next AI Race Is Execution
The greatest long-term opportunities are shifting from building AI to applying it, as businesses use the technology to transform entire industries.

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