AI stars: which sectors should you invest in?
Entertainment and digital gaming are areas likely to see the biggest AI transformation, according to Anthony Ginsburg, managing director of GinsGlobal Index Funds.
To find out more, watch IGTV presenter @AngelineOng’s interview with Ginsberg, who is also the founder of the HAN-GINS Tech Megatrend Equal Weight UCITS ETF and HAN-GINS Cloud Technology Equal Weight UCITS ETF.
(Video summary)
Biden's economic policy
In this video, Anthony Ginsberg talks about US president Joe Biden's recent decision to restrict China's access to NVIDIA chips and extend these limitations to other countries. He believes that this move shows a shift in the US's relationship with China and wants to bring back manufacturing to America.
Biden's economic policy includes the CHIPS Act, which supports American manufacturers by giving them subsidies to build chip plants in the US. This will benefit companies like Intel, who will receive billions of dollars in subsidies. The goal is to reduce the US's dependence on foreign manufacturing and enhance national security.
The future of AI
Ginsberg also talks about the impact of artificial intelligence (AI) and how it has mainly benefited big cloud providers like Amazon Web Services, Microsoft Azure, Google, and IBM. These companies are experiencing a high demand for their services from multinational corporations who want to utilise AI and machine learning. Currently, investing in cloud computing is the best way to get involved in the AI market. Ginsberg believes that AI is remarkable because it automates processes and reduces labour costs.
The video ends with a discussion on the potential areas of growth for AI. Ginsberg mentions the recent partnership between Microsoft and Activision Blizzard as an example of how different industries are converging with AI. One exciting area is digital entertainment, especially video gaming. The gaming industry is growing at a much faster rate than traditional movies and presents significant investment opportunities. Additionally, cloud technology is being boosted by the growth of the gaming industry.
Overall, by cutting off China's access to NVIDIA chips and encouraging the growth of American manufacturing, Biden aims to bring back jobs and enhance national security. The AI market is also booming, with cloud computing being the easiest way for investors to get involved. Exciting investment opportunities can be found in the gaming industry, which is growing rapidly.
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