An alternative investment thesis for AI

In this episode of Equity Mates - we're looking at AI - and explore an alternative thesis. Cause while it's easy to focus on big names like Google and Microsoft, there are alternate pathways to consider. One approach involves the 'picks and shovels' method—companies like NVIDIA that provide the tools for AI development. Another strategy is to focus on businesses that leverage AI's capabilities. Ren and Bryce bring in insights from Cathie Wood and Andrew Page, who highlight how Tesla, with its vast driving data, and Volpara, with its breast imaging data, benefit from AI.

So, then we brainstorm on a broad array of companies harnessing AI. The usual suspects—social media giants like Meta, Bytedance, Twitter, search engine titan Google, and device leader Apple—are on our list. But beyond these are myriad firms with unique datasets ripe for AI training. The report from McKinsey is here.

Big announcement from us – we’ve written a new book! It’s coming out on 22 August and you can pre-order now from Amazon or Booktopia. Keep your ears out for events that’ll celebrate the launch, but we look forward to sharing it with you!

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