Artificial intelligence has become an increasingly popular topic among family offices in Singapore and the wider region of Asia, LH KOH, managing director and head of global family and institutional wealth in UBS, said at CNBC Will coincide live Event in Singapore last month.
“Customers of our family offices focus on this as perhaps the most interesting and important sector,” he said in an interview with Robert Frank from CNBC.
Koh, whose clients are based on the Asia and the Pacific region, believes that “the trend focusing on artificial intelligence will continue.”
Quoted 2024 UBS study who stated that over three quarters of families willingly invest in generative artificial intelligence in the next two to three years.
Tuck Meng Yee, founder and partner of JRT Partners, a single -family office, repeated Koha's comments.
Robert Frank from CNBC talks to guests at Converge Live Converge in Singapore.
CNBC
Yee, whose company adopts the “style of dishes, multi -hundred” approach, says that it carefully observes the aspect of AI data classification.
Companies in the space in which it is invested includes Cognaize, the Armenian company dealing with software creation.
Another company in which Yee invests is Consai, which has offices in Qatar and Poland.
AI in China
Family offices are also looking for opportunities in the Chinese space of AI.
The appearance of Deepseek forced China to “leading, making a lot more, especially in artificial intelligence, many less available.
Koh UBS also pointed to “a new enthusiasm about what will come from (AI sector) in China, and it remains a very interesting space for investors.”
Investors' interest in China has fallen in recent years in the light of his slowed economy, but it may soon change.
Kumar noticed that China has been a “smaller role” of investor portfolios in recent years, taking into account his national challenges. But he added, there was a change, and investors were looking for opportunities in this country Measures of stimuli in Beijing to increase the Chinese economy and technology sector.
“For us and I think that when talking about other family offices, they say:” Ok, what can we invest in China? ” And I think that (interest in China) is definitely growing – said Kumar.
Earlier, 40% of his portfolio was invested in the United States, 40% in India and the remaining 20% in the rest of the world.
Now, Kumar said, “he looks at China more”, public markets and the technology sector for investment opportunities.