Opinion
Five ways to play the long-term AI theme on the ASX
There’s probably no Australian-listed company that’s not using AI in some way to become more efficient and improve margins. But who might the bigger beneficiaries be?
Elio D'AmatoContributorI am often asked, “What is the next big thing?” Obviously, at the minute, everyone wants me to respond with artificial intelligence, and I do. Why wouldn’t I? The meteoric rise of AI-related businesses in the US has even led to the well-worn acronym of FAANG being upgraded to the magnificent seven.
Although rough references to Yul Brynner, Charles Bronson and Steve McQueen [from The Magnificent Seven movie] break the ice, my mind immediately goes to the reality that AI has been part of our daily and working lives for the past 20 years.
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