Artificial intelligence has grown in popularity among family offices in Singapore and around Asia, according to LH Koh, managing director and head of global family and institutional wealth at UBS.
In a recent interview with CNBC, he stated,
“Our family office clients are focusing on this as perhaps the most interesting and important sector”
The “trend focusing on AI will still continue,” according to Koh, whose clientele are spread throughout the Asia-Pacific area.
Over three-quarters of families are eager to invest in generative AI within the next two to three years, according to a 2024 UBS survey he quoted.
Businesses such as Yee has made an investment in Consai, a construction technology company with branches in Poland and Qatar.
Additionally, family offices have been looking for chances in China’s AI market. China is now “in the forefront in doing a lot more, especially in AI with a lot less that is accessible to them” thanks to the rise of DeepSeek.
For investors, China’s fervor for the AI industry continues to be a fascinating area.
China’s weakening economy has made investors less interested in the country in recent years, but this could soon reverse.
Who Becomes African Development Bank’s New President?
Because of its internal issues, China has become a “smaller portion” of investors’ portfolios in recent years. Following Beijing’s stimulus plans to strengthen the Chinese economy and technology sector, investors are looking for possibilities in the nation.
Previously, Kumar, one of the biggest investors in the world, had 40% of his portfolio invested in the US, 40% in India, and 20% in other countries.
Kumar stated that in search of investment prospects, he is now “looking more at China,” public markets, and the technology industry.
