AI investors in Asia seen shifting focus to earnings ahead of Xi

Asia investors demand AI revenue proof as focus shifts from exposure to earnings: BofA

Investments in artificial intelligence increasingly hinge on monetisation, Bank of America survey finds, as ‘fundamentals drive everything’

Investors in Asia are demanding clearer evidence that artificial intelligence can translate into revenue and earnings, rather than simply seeking exposure to the technology, as the sector moves into a more mature phase, according to Chris Oberoi, head of Asia-Pacific research at Bank of America (BofA) Global Research.

“The issue increasingly is: does it add to productivity, and is it being monetised,” Oberoi said. “And the answer is, ‘absolutely yes’.”

Separately, President Xi Jinping and US President Donald Trump are preparing to meet in Washington on Thursday, with trade and technology expected to feature in talks between the world’s two largest economies.