GQG’s Jain cuts AI exposure on data centre woes, backs utilities

Share via:


Rajiv Jain, manager of the $23 billion GQG Partners Emerging Markets Equity Fund, is trimming exposure to investments linked to artificial intelligence on concerns of waning data-centre demand, while remaining bullish on utilities.

Utility companies in Asia have flagged that hyper-scalers are paring back data-centre demand numbers following the region’s aggressive AI growth, Jain said Wednesday at the Morgan Stanley Australia Summit in Sydney.

“What we’ve learned from a lot of utilities is that there’s probably some more double counting. The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

GQG’s Jain cuts AI exposure on data centre woes, backs utilities


Rajiv Jain, manager of the $23 billion GQG Partners Emerging Markets Equity Fund, is trimming exposure to investments linked to artificial intelligence on concerns of waning data-centre demand, while remaining bullish on utilities.

Utility companies in Asia have flagged that hyper-scalers are paring back data-centre demand numbers following the region’s aggressive AI growth, Jain said Wednesday at the Morgan Stanley Australia Summit in Sydney.

“What we’ve learned from a lot of utilities is that there’s probably some more double counting. The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Are AI models cannibalising their own creations? With the...

Artificial intelligence was supposed to be humanity’s greatest...

Crypto IPO Season Started After Circle’s NYSE Success

Key takeaways:Circle’s IPO was a success, with CRCL...

Google tests Audio Overviews for Search queries

Google Search is experimenting with Audio Overviews for...

Popular

Upcoming Events

werer asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd