In the rapidly evolving landscape of artificial intelligence (AI), there are various investment opportunities beyond well-known companies like Nvidia. AI technology spans across multiple industries and applications, from customer support to autonomous vehicles and data analytics. Companies are integrating AI into their software offerings, providing AI cloud services, and developing AI-driven products like autonomous cars.
Investing in AI-themed ETFs presents a diversified approach to gaining exposure to companies utilizing AI technology. The Global X Artificial Intelligence & Technology ETF, for example, invests in 84 companies leveraging AI to enhance their products and services. This ETF includes companies from various sectors such as information technology, communication services, consumer discretionary, and industrials. Investing in such ETFs can potentially generate high returns by tapping into the growth potential of AI technology.
Additionally, the incorporation of AI solutions into IT services is creating new opportunities for companies in the digital and cloud services sector. Companies like Telus International are developing AI tools that adhere to high ethical standards, enabling enterprises to adopt AI technology safely. Telus International provides a range of services such as media and content, customer service, and digital health solutions, with the support of its parent company, Telus Corporation, which offers 5G services in Canada. Collaboration between Telus International and its parent company allows for the bundling of services like broadband, cloud solutions, and IT services, showcasing the potential for growth in AI-driven digital services.
