Renowned investor Bill Gross predicts that artificial intelligence (AI) will significantly impact the stock and bond markets by 2024. He believes AI will automate many investment decisions, leading to a potential 25% reduction in human investment managers and traders. Gross argues that AI’s ability to process vast amounts of data and identify patterns will give it an edge over human investors. However, he acknowledges that AI may struggle with qualitative factors and human behavior. Gross suggests that AI could lead to increased market volatility as algorithms react to news and data instantaneously. He advises investors to consider AI’s potential impact on their portfolios and strategies. While AI may disrupt traditional investment approaches, Gross believes human judgment will still play a role, particularly in areas like credit analysis and private equity. Overall, Gross sees AI as a transformative force that will reshape the investment landscape in the coming years.