The ASX-listed tech sector shouldn’t bank on AI boom, says Barrenjoey

📆 9/3/2023 9:12 AM
📰 FinancialReview

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 90%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

The biggest beneficiaries of generative artificial intelligence may not be in the sector at all, but those that can leverage it to improve operations.

After a month of listening to companies espouse the virtues of artificial intelligence, analysts have warned investors not to be seduced by the hype and that its biggest benefits could be realised outside the tech sector.

Barrenjoey’s co-head of technology Josh Kannourakis warns investors not to get too excited about generative AI. “Topics like AI and specifically generative AI are definitely of mind for investors coming out of this earnings season, but it’s important to remember there are few ways to play this domestically and investors need to think broadly about its potential,” Mr Kannourakis said.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s how ASX investors can play the AI boomAustralia may initially appear to offer limited avenues for investing in artificial intelligence, but within the realm of AI development, companies like NextDC and Goodman Group stand out.
Source: FinancialReview - 🏆 2. / 90 Read more »