etf targeting artificial intelligence
Global X Funds Launches AIQ: An ETF Targeting Artificial Intelligence and Big Data Companies
Artificial intelligence refers to the process of machines or computers performing tasks that would otherwise require human intelligence. In order to attain the capabilities to perform those tasks, AI relies on utilizing and processing large amounts of data, or "big data", to learn. As the accumulation of data continues to grow, so does the potential of AI systems. Some estimates hold that the emergence of AI could contribute up to $15.7 trillion to global GDP in 2030 – more than the current output of China and India combined.1 "Given AI's potential to impact a variety of sectors, we believe it is poised to become one of the most significant technological innovations of the modern era," said Alex Ashby, director of product development at Global X. "Our aim with all of our technology-thematic funds is to provide efficient access to the companies leading the charge in the world's most disruptive trends. AIQ seeks to provide investors with exposure to the long-term growth potential of the big data and artificial intelligence theme."