The world's largest AI fund has surged 23% this year, beating even the red-hot Nasdaq index
Amid the strong fund returns, BOTZ has seen $135 million of inflows so far in 2023, including $80 million in March, according to data compiled by Bloomberg. A newAmong 325 professional investors, 56% plan to add AI- and robotics-themed exposure to their portfolios this year, the survey found. That compares to 46% in 2022, and the category beat out all others except internet and technology.
Jan Szilagyi, the CEO of AI-powered market analytics platform Toggle AI, said he's more bullish on the sector now than even before the banking turmoil rattled financial markets in March. Top players in finance continue to give tools like ChatGPT plenty of attention, he's encouraged by the rapid progress seen across large language models.
"For the moment, most of the technology's promise is still in the future," Szilagyi told Insider on Monday."The leap between GPT 3.5 and GPT 4 shows that we are still early in the upgrade curve. This technology is going to see dramatic improvement in the coming years."
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