Artificial intelligence is not just a hot topic in Hollywood.
While the horror robot movie “M3gan” price up millions At the winter box office, the ETF industry is seeing an opportunity from controversial technology.
According to William Studebaker, ROBO’s global CIO, the economic benefits can be staggering.
“You’re going to see a tsunami effect as prices drop due to the deflationary pressures from these technologies,” he told CNBC.next to ETF” on Wednesday. “It’s in industrial manufacturing, healthcare, AG [agriculture]security and surveillance … and other things.”
Studebaker manager ROBO Global Robotics and Automation Index ETF, up 12% year-to-date. Exchange-traded fund holdings include IPG . photonics, zebra technology, Rockwell Automation And country.
“I am very confident that this will greatly support our economies globally and, importantly, generate new growth,” he added.
Rise of robots and jobs
There is widespread concern that AI will cost jobs. But Studebaker thinks the risk is overblown.
“If you look at the companies and countries with the highest use of automation – Guess what? They have the lowest unemployment,” he noted.
The International Federation of Robots reported a major milestone last year. It found a record number of robots were installed over the course of a year, up 22% from the pre-pandemic record set in 2018.
Studebaker suggests that the robotics boom is still in its early stages.
“If you think about the number of data scientists and AI-trained people globally, it’s a bare minimum,” said Studebaker. “[The AI surge is] It’s going to take a long time for this to happen.”
