“Polar Capital Technology’s (PCT’s) underweight positions in Apple and Alphabet have paid off handsomely in recent months – with the share price of both stalling on fears of their vulnerability in the artificial intelligence (AI) race. This points to the increasingly evident merits of an active approach to investing in AI. History suggests that not only will incumbents fall by the wayside and new entrants emerge as AI innovation explodes, but the sector will experience bouts of volatility, with inevitable bumps along the road. What seems certain is the all-encompassing potential of AI to change the world. In this context, backing a manager with the requisite skillset and experience seems of paramount importance...”

QuotedData: AI of the tiger

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Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital.