Rather than just saying “just buy some AI companies” I’d be interested in the specific bets people are making, i.e., which stocks to buy, how to weight them, etc. Something like: Alphabet, Microsoft, Amazon, Facebook (or not because Good Ventures already might be overexposed?), Apple, IBM, Tencent, Alibaba, Baidu, perhaps plus some compute manufacturers. Thinking about the allocation seems relevant, too.
Relatedly, we could also think about how this relates to concerns about supporting these companies; perhaps divestment would be better than investing in these companies.
This reddit post has stats from a recent major machine learning conference. This graph is probably the most valuable. This post is on a different conference but points to a similar set of companies. Note that despite their low number of papers, Apple may still be a good investment; my understanding is that they prefer to keep their research secret.
I looked through the portfolios of a number of different AI-focused ETFs. From what I could tell, they are all more weighted towards random vaguely AI-adjacent tech companies like Spotify, Nvidia, and Shopify than Google—who knows why. This is the best ETF I could find approximating ML conference publications after a casual search (also accounting for the fact that FAANG do more research than just what is published):
Rather than just saying “just buy some AI companies” I’d be interested in the specific bets people are making, i.e., which stocks to buy, how to weight them, etc. Something like: Alphabet, Microsoft, Amazon, Facebook (or not because Good Ventures already might be overexposed?), Apple, IBM, Tencent, Alibaba, Baidu, perhaps plus some compute manufacturers. Thinking about the allocation seems relevant, too.
Relatedly, we could also think about how this relates to concerns about supporting these companies; perhaps divestment would be better than investing in these companies.
Obviously related, but not mentioned so far: The OP essentially describes mission hedging, see Hauke Hillebrandt: A generalized strategy of ‘mission hedging’: investing in ‘evil’ to do more good
This reddit post has stats from a recent major machine learning conference. This graph is probably the most valuable. This post is on a different conference but points to a similar set of companies. Note that despite their low number of papers, Apple may still be a good investment; my understanding is that they prefer to keep their research secret.
I looked through the portfolios of a number of different AI-focused ETFs. From what I could tell, they are all more weighted towards random vaguely AI-adjacent tech companies like Spotify, Nvidia, and Shopify than Google—who knows why. This is the best ETF I could find approximating ML conference publications after a casual search (also accounting for the fact that FAANG do more research than just what is published):
https://etfdb.com/etf/IGM/#holdings