PremiumOpinionUpdatedOpinion byMike TaylorHawkes Bay Today·12 Jul, 2026 06:00 PM3 mins to readOpenAI is building tools that are already changing how knowledge workers operate, but that doesn't mean it's a riskless investment. Photo / Getty ImagesHavelock North local Mike Taylor is the founder and Chief Investment Officer of Pie Funds.About six months ago, I was asked whether artificial intelligence was the next market bubble.

My answer then was: yes, probably – but with important caveats. The technology is real. The productivity gains could be