Asia investors demand AI revenue proof as focus shifts from exposure to earnings: BofA
Investors in Asia are demanding clearer evidence that artificial intelligence can translate into revenue and earnings, rather than simply seeking exposure to the technology, as the sector moves into a more mature phase, according to Chris Oberoi, head of Asia-Pacific research at Bank of America (BofA) Global Research.
“The issue increasingly is: does it add to productivity, and is it being monetised,” Oberoi said.
“And the answer is, ‘absolutely yes’.” Separately, President Xi Jinping and US...
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