Wealthy families have a preference for investing in artificial intelligence.
Wealthy families are showing a strong interest in investing in artificial intelligence, a new study by asset manager UBS has revealed. Out of 320 family offices surveyed worldwide, more than 75% revealed their intentions to pour money into AI in the next two to three years.
Service sectors like healthcare technology, automation, and robotics were also on their radar, with 63% planning to invest in them within the same time frame. According to UBS investment expert Maximilian Kunkel, this trend is stemming from a widespread labor shortage leading to businesses investing aggressively in these emerging fields.
The rapid progress in AI, majorly driven by American tech companies, is increasing the attractiveness of North America as an investment destination, the study concludes. Family offices have already placed half of their total assets in North America, behind Western Europe with 27% and Asia-Pacific (excluding China) at 9%. For the next five years, 38% aim to boost their investments in North America, versus 35% in Asia-Pacific.
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Source: www.ntv.de
