Alibaba's Tsai discusses AI's potential: 'Research analysts can be completely replaced'

Group 1 - Artificial intelligence has the potential to completely replace equity research analysts, as stated by Alibaba's Chairman Joe Tsai, who mentioned that AI can effectively generate reports on companies like Nvidia or Apple [1] - Tsai believes that while AI may enhance the quality of research by handling mundane tasks, it will not entirely replace human analysts, allowing them to apply their judgment for better recommendations [2] - The role of AI is also expected to transform the legal profession, with AI capable of drafting contracts and ensuring coherence within legal documents, although it will not necessarily replace lawyers [3] Group 2 - Tsai emphasizes that the essence of legal counsel involves judgment rather than technical skills, suggesting that AI will enhance rather than replace the roles of lawyers [4]