Yet for investors who are keen to invest in the boom, framing the story around just the headline-dominating names, such as Nvidia, Micron, Google, and Meta, is myopic. Behind the chatbots we interact with lies a long, capital-intensive value chain, comprised of a diverse ecosystem of companies. These stretch from software models, to semiconductor fabricators, data centres and firms responsible for energy infrastructure.
There’s no avoiding the AI boom. So all-encompassing is its reach today that many proactive governments across the world are setting out frameworks to ready their societies for its use. Singapore’s National AI Strategy 2.0 carves out an ambition that goes beyond developing artificial intelligence. It seeks to build an AI society: One that can use technology confidently, productively and responsibly.
What this means is that AI will likely grow more prominent still as an investment theme, grounded in genuine, growing demand and international relevance.
