Two ways to play Artificial Intelligence

Two ways to play Artificial Intelligence

Research firm, Gartner, estimates that AI will power 85% of customer service interactions. In order to achieve this, massive investments will need to be made in two key areas; data, and computing power. In this video, Nick Griffin, Chief Investment Officer at Munro Partners, explains the importance, and some of the options for taking advantage of this growth trend.

“If they match your Facebook data with your credit data, they can identify exactly where you live and know everything about you.”

https://youtu.be/umvmfVsHkIQ

Key points:

Artificial intelligence is a megatrend centred around the idea of getting information out that you didn’t ask for

For AI to work, first they need to know everything about you – the data

In order to process and deliver the information, they need significant processing power

Google and Facebook’s CapEx could go up by 55-60% to pay for the hyper scale processing power that’s required

The companies that own the most data are credit bureaus – they’ve been collecting it for 30-years

Equifax, Experian, and Transunion are the largest credit bureaus

Companies like S&P Global, REA Group, CarSales, and Autotrader have valuable datasets that they haven’t yet monetised.

 

This interview was published by Livewire www.livewiremarkets.com

Disclaimer: The information contained in this presentation is general in nature and should not be relied upon. Before making any investment or planning decisions, you should consult a licensed professional who can advise you whether your decision is appropriate for you. Munro Asset Management Limited (ABN 28 163 522 254, AFSL 480509) is the product issuer of the Munro Global Growth Fund (ARSN 612 854 547), which is available at www.munropartners.com.au/access/. Munro Partners is the investment manager. The information contained herein is for general information purposes only and does not constitute financial product advice. This article may contain information about securities, opinions and forecasts, all of which may change without notice and none of which has been prepared taking into account your objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. You should consider your individual circumstances before making a decision about any of the information discussed in this article and Munro disclaims all liability to any person relying on the information contained in this communication. You should consider the product disclosure statement before making a decision to acquire or continue to hold an interest in the Munro Global Growth Fund. Please also see our financial services guide, privacy and terms of use via www.munropartners.com.au/legals/