Building on last week's discussion of the AI era's parallels to the early internet boom, and why we're likely far from any bubble peak, let's zoom in on a key accelerator that's making this revolution impossible to overlook: speed. The pace of AI adoption is unprecedented, outstripping every major technological shift in history

Consider the timeline it took for each innovation to reach 25% adoption among the U.S. population:

Electricity: 46 years
Telephone: 35 years
Radio: 31 years
TV: 26 years
Personal Computer: 16 years
Cell Phone: 13 years
World Wide Web: 7 years
Social media: 6 years
Smartphone: 4 years
Generative AI: 2 years

Source: The Economist, Jon Erlichman. Sep 27, 2025.

The implications for markets are enormous as new industries will be created, productivity will rise, and innovation will ripple across every sector. But disruption will also be real. Some companies and jobs will be displaced as fast as others are introduced.

For investors, the key takeaway is that AI is not a distant trend; it’s here and it’s scaling faster than anything we’ve seen before. Our job is to monitor the risks and try to take advantage of the opportunities. This should be an interesting next 24 months!

I've also included a piece from our CIBC Economics team entitled "Our top pick".

As always, if you have any questions, please feel free to give us a call at any time.

Have a great weekend.

Milan