Arificial Intelligence News Today

Tech tycoon Azim Premjis family office is betting on Artificial Intelligence to prop up its $10 billion worth Premji Invest fund, and will thus increase investments in the sector, Bloomberg reported.

“We are looking to the software providers who are actually right now where Nvidia was when we first bought it,” Wood, CEO and founder of Ark Investment Management LLC, told Bloomberg TV on Wednesday. While Nvidia is expected to do well over time, Ark is “onto the next thing,” she added.