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January 21, 2025

2025 is set to be the year of AI with a capital A


David Rainville
Portfolio manager

Artificial intelligence (AI) has been fueling conversations for over two years, yet many investors and observers are still wondering when this technology will truly shift into high gear. The successive breakthroughs we have seen in recent years - especially in large language models (LLMs) such as GPT‑4 - have sparked a remarkable wave of enthusiasm. At the same time, there remains a certain skepticism as to whether this momentum can be sustained over the long term.

In the meantime, a major turning point is emerging: the arrival of so-called “reasoning models,” o1 and o3 from OpenAI, announced for late 2024. These are expected to accelerate the adoption of AI and ignite a new phase of investment, making 2025 a decisive year for artificial intelligence.


From hype to consolidation: why 2025?

In 2023 and 2024, there has been a marked buzz around AI, though it has yet to reach the scale of past technological cycles. Many observers and investors have focused on “foundation models” like GPT‑4. These are known for their ability to rapidly generate answers on a wide range of topics or to summarize very lengthy and/or complex texts, thereby delivering productivity gains. However, these models have proven useful for only a few specific use cases so far.


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2025 is set to be the year of AI with a capital A

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