A new survey of 155 North American family offices by RBC Wealth Management and Campden Wealth reveals that 85% rank artificial intelligence as their top investment theme. However, 75% of respondents also expect an AI bubble to burst within the next five years. While AI was the top short-term investment theme for 2026 (59%), family offices showed a stronger long-term bullish sentiment towards U.S. equities (69% for 2-5 years vs 64% for AI). The potential AI investment bubble burst was also cited by 75% as a top market risk over the next five years.