Investing in AI Opportunities Across Markets: Part 1
Mar 27, 2026
Stephanie Aliaga, Global Market Strategist at J.P. Morgan Asset Management who studies AI’s market impacts. She traces her AI research origins and discusses which sectors face disruption. She covers rapid advances in agentic AI and model specialization. She explains why many leading AI firms stay private and outlines broad portfolio positioning and practical AI adoption tips.
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How Stephanie Began Focusing On AI
- Stephanie shifted from macro research to AI after attending policy discussions post-ChatGPT and wrote a deep 20-page paper on AI productivity.
- That early research, done pre-ChatGPT, launched her ongoing AI-focused market strategist role.
Agentic AI Is Redefining Software Moats
- AI advancements in agentic models are shifting disruption risk from manual tasks to autonomous workflows.
- Coding agents now automate complex work, lowering barriers to entry and forcing a market repricing for incumbent software valuations.
AI Capabilities Are Improving Exponentially
- AI model task length that agents complete has been doubling roughly every seven months, indicating exponential capability growth.
- Stephanie used Meter research and her own experiments to show rapid progress enabling noncoders to 'vibe code' applications and tools quickly.
