To support our investment process, we have a dedicated research team who continually meet with companies in person to assess their suitability for investment. Senior Research Analyst Michael Bray recently visited 16 major US firms based on the West Coast – including many of those pioneering the world’s adoption of artificial intelligence (AI). Our special report explores the ways in which these companies are simultaneously attempting to change the face of our everyday lives through AI, and working to achieve a competitive advantage at the same time.
Here is a snapshot of just some of the key findings, you can download the full report below.
- Most businesses that were met view Generative AI as a promising revenue driver rather than a cost-cutting measure.
- Companies like NVIDIA are currently experiencing strong demand, because their products provide the essential building blocks for AI application development.
- The tech industry's increasing complexity is outpacing the supply of skilled labour. This shortage presents an opportunity for AI to fill the gap, but labour costs are likely to continue to account for a significant proportion of company costs.
- Hyperscaler companies – Amazon, Microsoft and Google – own and operate large cloud data centres which enable companies to scale up their operations quickly and access computing power, like AI, which they wouldn’t be able to via smaller on premise servers. Virtually every tech company spoken to emphasised how important the hyperscalers were to enabling their businesses to grow.
To sign up to receive our content please subscribe via the form at the bottom of the page.
Please note that the value of securities may go down as well as up and you may not receive back all the money you invest. Past performance is not a reliable indicator of future results. Any views expressed are those of the author. You should contact the person at JM Finn with whom you usually deal if you wish to discuss the suitability of any securities mentioned.
The report is a JM Finn marketing communication which constitutes non-independent research as defined by the FCA. It has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and is not subject to the regulatory prohibition on dealing ahead of the dissemination of investment research. However it is covered by JM Finn’s own research conflicts of interest policy which is available on the JM Finn website at www.jmfinn.com. JM Finn and JM Finn & Co are a trading names of J. M. Finn & Co. Ltd which is registered in England with number 05772581. Authorised and regulated by the Financial Conduct Authority.
US Tech Report
Download
