The world of AI today feels like a frontier town back in the Wild West. The atmosphere is thick with danger, opportunity and a sense of the unknown. What does the future hold for the Magnificent Seven, the group of mega cap stocks that have invested heavily in AI infrastructure? Fazila Manjoo, Portfolio Manager at Mergence Investment Managers, gives us her view in the Financial Mail.
Despite some market ‘overexcitement’ about AI, Naspers is bullish about making more bets
The latest Naspers/Prosus financial results show a jump in profitability across the group’s ecommerce portfolio and Tencent growth acceleration. Commenting