Artificial intelligence has become an increasingly common theme among family offices in Singapore and the wider Asia region, LH KoH, Managing Director and President of the World Family and Institutional Resources at UBS in CNBC’s Converge directly It happened in Singapore last month.
“Our family office customers focus on this most interesting and important sector,” said in a conversation with Robert Frank from CNBC.
Koh, whose customers in the Asia and Pacific region, believe that “the trend that focuses on artificial intelligence will continue.”
A 2024 UBS survey Which found that more than three quarters of the family are keen to invest in artificial intelligence in the years or three years.
Tuck Ming YEe, founder and partner at JRT Partners, one family office, chanted KOH’s comments.
Robert Frank of CNBC talks to the guests at CNBC’s Sunglge in Singapore.
CNBC
YEE, whose company follows the “method of gifts, multiple origins”, says he is closely monitoring the data classification of the subject of artificial intelligence.
In this field, companies include Cognaize, an Armenian software development company.
Another company YE is invested in ConsTruance Tech Consai, which has offices in Qatar and Poland.
Amnesty International in China
Family offices also seek to obtain opportunities in the space of artificial intelligence in China.
“The appearance of Deepseek has pushed China to” introduce a lot, especially in artificial intelligence with much fewer. So, I think this is very exciting. ”
UBS ‘KoH proverbally referred to “a new type of enthusiasm for what will come from (the artificial intelligence sector) in China, and this is still a very interesting space for investors.”
The investor’s interest in China has decreased in recent years in light of its slow economy, but this may change soon.
Kumar pointed out that China has formed a “smaller part” of investors portfolios in recent years, given its local challenges. But he added that there was a change, as investors seek to obtain opportunities in the country after that Beijing stimulation measures to enhance the Chinese economy and technology.
“For us, and I think, while we are talking about other family offices, they say:” Well, what can we invest in China? “I think (interest in China) is definitely increasing.”
Previously, 40 % of his wallet was invested in the United States, 40 % in India, and 20 % remaining in the rest of the world.
Now, Kumar said that he is “looking more in China”, the public market investments and the technology sector for investment opportunities.
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