As investors debate whether the billions of dollars being invested into artificial intelligence will generate good returns, Australian investors are in a fortunate position. We may not need to pick the winner of the AI race at all.The overwhelming thematic in markets continues to be AI, but the tone of the conversation is beginning to shift. The AI capex cycle rivals the internet build-out in its scale and importance, but what started with sweeping optimism about AI that is transforming the way we work and live is now being challenged by growing scepticism.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Forget picking the next AI winner – for Australia, it doesn’t matter
The advantage for ASX investors is that our sharemarket is made up of AI users rather than developers.
TL;DRAI
Australian investors need not pick AI winners—the capex cycle's scale creates ecosystem-wide gains, rivaling the internet build-out. As skepticism replaces early euphoria, diversified capex exposure carries less risk than concentrated bets on single technologies.
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