round hills Research Suggests Total Target Market for Generative AI Enterprise Software Is More Than $120 Billion
new york, May 18, 2023 /PRNewswire/ — Roundhill Investments, an ETF sponsor focused on innovative financial products, Round Hill Generative AI & Technology ETF (NYSE Arca: CHAT), trading begins today on NYSE Arca. CHAT provides investors with exposure to companies at the forefront of artificial intelligence technology with a focus on generative AI.
Dave MazzaRoundhill Investments Chief Strategy Officer explains: “Generative AI is the next frontier in artificial intelligence technology, with the potential to revolutionize industries such as entertainment, healthcare. , which could benefit from the expected exponential growth of generative AI technology. ”
Unlike other technology megatrends, generative AI is already starting to make a big impact in the real world. His ChatGPT for OpenAI has become his fastest application ever to reach 100 million users*, and its customers are already integrating its technology to improve their daily lives, from creative writing to coding software. .
our original research Allocate the entire available market ~$120 billion Up to generative AI software for the enterprise.Meanwhile, Goldman Sachs study suggests artificial intelligence could make driving possible $7 trillion The global economy is expected to grow over the next seven years as a result of accelerated productivity growth.
Generative AI is a type of artificial intelligence technology that uses neural networks to generate new data that is similar in structure and form to existing data. Unlike other AI techniques that use existing data to make predictions or classifications, generative AI can create entirely new data that is original and unique. This is achieved through the use of complex algorithms that learn to recognize patterns and relationships in large datasets, enabling AI systems to generate new content and ideas that are similar in style and format.
The Roundhill Generative AI ETF (CHAT) is an actively managed ETF designed to provide exposure to companies around the world working in generative AI and related technologies.
CHAT’s top holdings at launch include Nvidia (7.8% by weight), Microsoft (7.6% by weight), Alphabet (7.2% by weight), Baidu (5.4% by weight), iFLYTEK (5.0% by weight), Adobe (by weight) 4.9%), which includes AMD. (4.9% weight), SenseTime Group (4.7% weight), C3.ai (4.5% weight), Salesforce (NYSE: CRM – 3.6% of the weight).
“We have been hearing from investors for months that they are interested in investing in generative AI, but are frustrated by the lack of ETF options available. round hill Excited to meet market demand with CHAT, an ETF composed of companies pioneering what we believe to be one of the fastest growing technologies in history We do,” added Mazza.
Learn more about CHAT here. https://www.roundhillinvestments.com/etf/chat.
About Round Hill Investments:
Roundhill Investments is a registered investment advisor focused on providing innovative financial products designed to offer compelling investment themes to the next generation of investors.If you would like to know more about the company, please click here Roundhill Investment.com.
*Source: Goldman Sachs Investment Research Report March 26, 2023
Investors should carefully consider investment objectives, risks, charges and expenses before investing. For a prospectus or summary prospectus containing this and other information about the CHAT ETF, please call 1-855-561-5728 or visit our website. http://www.roundhillinvestments.com/etf/chat. Please read the prospectus and summary prospectus carefully before investing. Investing involves risk. Possible loss of principal.
The Fund expects to have a concentrated investment exposure (i.e., 25% or more of its net assets invested) in one or more technology industries at all times, but this may change over time. In addition, the Fund expects to obtain such investment exposure primarily by dealing with a limited number of financial intermediaries operating in the same industry or related industry group. As a result, the Fund may be more susceptible to market, economic, regulatory, political and other adverse events affecting these industries or related industry groups than a Fund that invests its assets in a more diverse manner. The stock values of information technology companies and companies heavily dependent on technology are particularly vulnerable to rapid changes in the technology product cycle. For a more complete description of these and other risks of the Fund, please see our brief and full prospectus.
Artificial intelligence company risk. Companies involved in artificial intelligence related business or companies involved in artificial intelligence related business may have limited product lines, markets, financial resources and human resources.
Technology sector risks. As the Fund invests heavily in companies in the information technology sector, the performance of the Fund may be adversely affected by events affecting this sector.
Foreign securities risk. Investing in securities or other instruments of non-U.S. issuers involves certain risks not found in domestic investments and can experience more rapid and extreme changes in value than investments in securities of U.S. companies. There is a nature.
Non-diversified risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund.
concentration risk. The fund will focus on securities of issuers with primary business activity in the technology industry.
CHAT is distributed by Foreside Fund Services, LLC.
Source Round Hill Investments