1、Published July 10,2025NAVIGATING THE AI REVOLUTIONA THREE-PART SERIESSTATE OF THE TECHNOLOGY TODAY AND POTENTIAL FUTURE TRAJECTORIES NAVIGATING THE AI REVOLUTION PART 1Katharine CampbellPartner,Endowment&Foundation PracticeArtificial Intelligence(AI)is at a pivotal point,representing a potential“pla

2、tform shift”more significant than the technological advances of the last 50 years with profound economic,societal,and geopolitical consequences.As investors navigate the flood of AI news,it is helpful to remember that a new technologys impact is typically overes-timated in the short term and underes

3、timated in the long term.But the path of AIs evolution is far from set and will be shaped not just according to progress in the tech-nology itself but also by consumer and business adoption rates,regulation,and wider societal responses.This first paper in the series introduces the current state of A

4、I as a technology,compares its evolution to prior technological shifts,and briefly outlines future poten-tial trajectories.Part 2 explores how AI may reshape productivity,and the markets reaction in investment terms.Part 3 addresses the extensive implications for asset allo-cation and provides guida

5、nce on how investors can position themselves for the various disruptive forces that may be unleashed.AI TODAY Artificial intelligence,a term dating back to the 1950s,refers to computer systems that perform tasks once thought to require human intelligence.Evolving over decades of advancesand setbacks

6、in machine and deep learning,AI has long been part of daily life in a number of applications,such as Googles targeted ads.But the launch of OpenAIs ChatGPT 3.5 in November 2022 marked a turning point.Generative AI,powered by transformer models first developed at Google in 2017,leapt to global atten-