GNAI Visual Synopsis: An illustration of interconnected devices, such as smartphones and IoT gadgets, with AI capabilities, representing the integration of AI into consumer services and edge AI advancements.
One-Sentence Summary
The article from ETF Trends discusses the potential impact of AI on consumer services and how it may drive the need for edge AI advancements, potentially affecting ETFs like Invesco QQQ Trust and Invesco NASDAQ 100 ETF. Read The Full Article
Key Points
- 1. Edge AI’s Growth Potential: By 2025, half of enterprise data is expected to be created at the edge, leading to increased demand for advanced edge hardware to cater to more demanding technological needs.
- 2. Impact on Invesco ETFs: Invesco QQQ Trust and Invesco NASDAQ 100 ETF, with their rosters loaded with technology hardware companies, could be viable options for investors seeking exposure to AI without certain thematic strategy risks.
- 3. Future Implications: The article predicts that the release of edge AI-enabled smartphones with embedded custom silicon by Q1 2024 could drive further investor interest in the edge AI theme.
Key Insight
The integration of AI into consumer services and the growing demand for edge AI advancements may have significant implications for investment opportunities and technological innovation in the coming years.
Why This Matters
The increasing reliance on AI in consumer services and the potential growth of edge AI have wide-reaching implications for investors, technology companies, and consumers, impacting sectors such as finance, technology, and everyday devices like smartphones.
Notable Quote
“The US data firm Gartner estimates that by 2025, half of enterprise data will be created at the edge, across billions of battery powered devices.” – Ed Stanley, Morgan Stanley’s head of thematic research in Europe.
