The ASX companies benefitting from the AI surge

In the latest episode of the Invest it Best podcast, I speak with Wilsons Equity Analyst (Technology), Ross Barrows, about investment opportunities in Artificial Intelligence (AI) and some of the catalysts making it increasingly topical.

Ross heads up Wilsons’ Technology Research team, with over 24 years of experience in the financial sector working across Australian and US markets.

In this episode, Ross shares his insights from his recent research trip to the US. ASX listed companies referenced include Appen (ASX: APX), Macquarie Technology Group (ASX: MAQ) and NextDC (ASX: NXT)

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Discussion topics (with timestamps)

• 1:39 – Insights into Ross’s recent research trip to the US
• 3:18 – Some common Artificial Intelligence (AI) terminology
• 5:25 – The forces making AI increasingly relevant
• 12:44 – The demand for data centres
• 18:29 – The other side of AI (data collection, data annotation and relevance)
• 24:11 – AI is your friend not foe (replacing tasks not jobs)

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