How to Invest in AI UK
How to Invest in AI UK
How to Invest in AI UK is well placed to reap the rewards of AI as demand for data centres and AI hardware continues to grow. It is also a great location for companies to develop new AI-based services as the UK has some of the best talent in the world. The government has recognised this and launched a programme to support AI development. This includes setting up an ‘AI Growth Zone’ which will provide streamlined planning approvals and accelerate the provision of clean power for data centre development.
Investors can get involved by directly buying shares in leading UK-based and global tech firms with AI expertise, or through investment funds that offer exposure to this sector. There are several options available including ETFs from WisdomTree and Legal & General that take a passive approach to investing in AI companies by tracking customised indices. Other options, such as those offered by Sanlam Global Artificial Intelligence Fund and Scottish Mortgage Investment Trust, take a more active approach by actively managing their portfolios.
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However, as with any investment, it is important to do your homework and align any potential investments with your personal financial goals. Researching the industry, evaluating individual companies, and diversifying your portfolio can help reduce risk and maximise your chances of success. It is also advisable to invest with a reputable online broker that offers competitive trading fees and good customer support. You can open an investment account with most major online brokers by providing basic personal information and verifying your identity.