AI Will Transform the World, but Legendary Investor Warns Its Arms Race Has a Familiar Trap
Is AI-driven market exuberance irrational? Oaktree's Howard Marks weighs in on valuations, bubbles, and risk.
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Is AI-driven market exuberance irrational? Oaktree's Howard Marks weighs in on valuations, bubbles, and risk.
The global Business Rules Management System (BRMS) market is projected to grow from $1.79 billion in 2025 to $4.20 billion by 2035, with a CAGR of 9.52%. Growth is driven by increasing demand for real-time decision-making, regulatory compliance, enterprise automation, and AI/ML integration. North America leads with 37% market share, while Asia Pacific is the fastest-growing region. Large enterprises dominate with 68% market share, and BFSI is the leading end-use sector at 27%.
The global AI in pharmaceutical market is projected to grow from USD 3.07 billion in 2025 to USD 48.43 billion by 2035, with a CAGR of 31.76%. The U.S. market is expected to reach USD 15.10 billion and Europe USD 12.60 billion by 2035. Growth is driven by generative AI, adaptive trials reducing patient enrollment by 40%, regulatory endorsement including FDA's qualification of AIM-NASH, and increased venture capital investment in AI-first drug discovery platforms.
UBS upgraded Lockheed Martin to buy, citing strong growth prospects from its F-35 fighter jet franchise and missile sales. With a book-to-bill ratio of 3.2x, UBS forecasts 9% annual sales growth and double-digit earnings growth over the next 2-3 years. At 19.2x earnings and less than 14x free cash flow with a 2.6% dividend yield, analysts see Lockheed as an attractive defense stock with earnings growth expected to exceed 19% over five years.