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AustralianSuper digs down on AI 'picks and shovels' to ride out global AI upheaval

SYDNEY, Nov 3 (Reuters) - Australia's largest ⁠pension fund, the A$430 billion ($301.7 billion) AustralianSuper, said it will stick to the "picks and shovels" of ⁠the AI industry as it navigates unprecedented turbulence in the market for global tech stocks.

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AustralianSuper 全力投入人工智能领域,以应对全球人工智能变革

FILE PHOTO: Australian dollars are seen in an illustration photo February 8, 2018. REUTERS/Daniel Munoz/File Photo

SYDNEY, Nov 3 (Reuters) - Australia's largest ⁠pension fund, the A$430 billion ($301.7 billion) AustralianSuper, said it will stick to the "picks and shovels" of ⁠the AI industry as it navigates unprecedented turbulence in the market for global tech stocks.

Mark ‌Hargraves, the head of AustralianSuper's international equities and private equity business, said the fund believedchipmakers and hyperscaler data centres would weather the current storm engulfing the AI sector.

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