The Friction Test: What the market gets wrong about AI disruption
“The future is already here – it’s just not evenly distributed.” — William Gibson
It has been a difficult period for the strategy. At the time of writing, a number of our holdings are being challenged by an increasingly narrow view of where durable value creation will sit in an artificial intelligence (AI)-driven world.
On one side sit the obvious beneficiaries of the current AI build-out – semiconductors, memory companies, selected hard assets tied to data-centre...MORE»
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