Investment in AI Infrastructure, AI Applications, and AI Internalization Industries
ChatGPT Companies ZoomInfo Technologies, Meta, ServiceNow, and Others Invest
[Asia Economy Reporter Kwangho Lee] NH-Amundi Asset Management announced on the 9th that the ‘NH-Amundi Global AI Industry Fund’ recorded a return of 14.34% over the past month and 17.89% year-to-date as of the 8th.
ChatGPT is an AI chatbot developed by OpenAI, which surpassed 100 million monthly users recently since its launch in December 2022. Unlike existing AI chatbots, it features the ability to understand user intent and conduct natural and meaningful conversations like a human through mistake-based repetitive reinforcement learning. According to global consulting firm Accenture, along with the ChatGPT craze, the widespread use of AI technology is expected to increase the global gross domestic product (GDP) by $15.7 trillion by 2030.
The NH-Amundi Global AI Industry Fund is a fund of funds investing in the Allianz Global AI fund. Unlike typical tech funds, it invests not only in AI technology but also in companies that create business model innovation and economic added value through AI. The management team, with a high understanding of AI technology, selects stocks by acquiring trends and information on the latest technologies through high accessibility to Silicon Valley, the center of AI infrastructure.
This fund invests in AI-related stocks divided into three sectors: AI infrastructure, AI applications, and AI internalization industries. The AI infrastructure sector includes industries essential for AI core technologies such as semiconductors, big data, cloud, and the Internet of Things. The AI applications sector covers industries related to social media, robotics, and factory automation, where AI technology is applied to enable cost reduction, automation, and rapid decision-making. The AI internalization sector includes companies that adopt AI across their entire business models. Companies related to ChatGPT, such as ZoomInfo Technologies, Meta, and ServiceNow, are also included in the investments.
Jinhee Seo, Chief Investment Officer (CIO) of NH-Amundi Asset Management’s Global Investment Division, said, “AI is establishing itself as a core driving force of the future industrial revolution beyond simple technological innovation,” and added, “We believe that the NH-Amundi Global AI Industry Fund offers an opportunity to proactively invest in all practical AI industry sectors.”
This fund is currently available for subscription at NH Nonghyup Bank, SC First Bank, NH Investment & Securities, Kyobo Securities, IBK Investment & Securities, and Korea Investment & Securities.
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