How to invest in the UK firms embracing the AI revolution
Daily MailNvidia has become synonymous with the rapid rise of artificial intelligence, with early investors enjoying meteoric share price growth alongside bumper profits. Streamlined: Tool hire firm Speedy Hire now uses AI to optimise its equipment distribution an inventory While Nvidia has seen its shares surge more than 600 per cent since January 2023, and almost 3,000 per cent over the past five years, the Mag Seven as a whole has grown 49 per cent in the past year, and almost 80 per cent over the past five. Peel Hunt analyst Andew Nussey said: 'We are convinced that Speedy's AI leadership has substantial customer as well as company benefits. An alternative model Instead of jumping on the AI integration bandwagon, real estate trust Segro is looking to grasp onto the coattails of the AI boom, and instead target growth by meeting the growing demand for new data centres. The firm launched its AI features in April and has since said it expected annual recurring revenue to increase by 17 per cent to £78million.
History of this topic
What happens if the AI investment bubble bursts
ABC
Microsoft opening new AI office in London as capital becomes artificial intelligence hub
The Independent
Britain invests 100 million pounds in AI research and regulation
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