AI is becoming part of the everyday cost of doing business. But as usage grows, the economics behind it are changing quickly
Our Senior Equity Analyst Richard Shih, CFA, looks at the emerging “Token Economy,” why a price war may be taking shape, and what falling AI costs could mean for companies and investors.
The first few months of 2026 have been bumpy for global markets, driven by a complicated mix of global tensions and economic news. Adding to this are concerns about the disruptive, and in some cases existential impact of artificial intelligence on certain business models. Specifically, the introduction of new AI driven tools has led to a material decline in the stocks of many established software companies.
It is with deep sadness, but profound gratitude for a life purposefully lived, that we announce the passing of our founder and mentor Robert Zevin.
For many of you, Robert was not only your portfolio manager but also a friend.
Robert was not merely a brilliant economist and investment manager; he was a visionary who fundamentally reshaped the financial world. Long before terms like "ESG" entered the mainstream lexicon, Robert challenged the traditional Wall Street paradigm. He operated from a deeply held conviction that capital could—and must—be used as a tool for social justice, human rights, and environmental stewardship. Bloomberg made a short documentary a few years ago where Robert described his approach.
Q2 was an active quarter for Zevin Asset Management as we summed up our work participating in critical shareholder advocacy and joining investor coalitions on pressing policy issues. Our work continues to be centered on a recurring theme: corporate governance is not keeping pace with the infrastructure it is meant to oversee.
Reuters covered Zevin's shareholder proposal urging Home Depot to assess the privacy and civil rights risks associated with sharing customer data through third-party surveillance vendors. The proposal highlights the potential financial, legal, and reputational risks related to data privacy and corporate governance.
