24.03 Liontrust Global Innovation Report - The Rise of AI 04.24 - Flipbook - Page 37
CONCLUSION
This report has explored the potential of AI to drive a new cycle of innovation and investment
returns. In our view, AI meets the necessary criteria for both value creation, through innovative
applications that lower costs and improve quality across sectors, and value capture, with
leading technology companies well positioned to profit from AI’s benefits.
Across the new technology stack, from infrastructure companies
such as Nvidia providing the chips and software foundations,
LLMs becoming the new AI “brain”, to ServiceNow building AI
tools for companies across the whole economy, we are focused on
investing in businesses that are building and harnessing AI tools to
drive productivity. We are also invested in leading innovators such
as Spotify and Netflix, where AI meets the public, enhancing the
customer experience.
Beyond technology, AI is poised to transform major sectors like
healthcare and unlock vast potential, with companies such as
Moderna and Recursion pioneering its use in drug discovery.
We believe the strongest growth and strong shareholder returns
will ultimately accrue to companies that fully commit to AI-based
reorganisation. Firms including Airbnb, MongoDB, Uber and
Shopify are already making this profitable pivot.
While risks exist around factors such as regulation, bias and job
losses, we believe AI’s economic promise outweighs the pitfalls,
We are still only five minutes
into the football game
especially if governance keeps pace. As this report has shown,
AI is driving real value today while opening up new frontiers for
creativity and innovation.
We are still only five minutes into the football game. We believe
the next decade will be defined by the rise of AI across the
economy.
The rise of AI: Technology and Innovation Report - 37
