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Artificial intelligence has become an increasingly popular topic among family offices in Singapore and the broader Asia region, LH KOH, Managing Director and Head of the Global Family and Institutional Wealth at UBS in CNBC Approach live An event in Singapore last month.
“The customers of our family offices focus on this as perhaps the most interesting and important sector,” he said in a conversation with Robert Frank of CNBC.
Koh, whose clients are based in the Asia-Pacific region, believes that “the trend of focused on AI will still continue.”
He quotes a 2024 Which found that more than three -quarters of the family want to invest in generative AI for the next two to three years.
Tuck Meng Yee, founder and partner at JRT Partners, single -family office, sounded Koh comments.
Robert Frank of CNBC spoke with CNBC’s Converge guests live in Singapore.
CNBC
Yee, whose company uses the Donation approach, many attacks, says it is closely monitoring the aspect of the classification of the topic of AI.
The companies in this space in which it is invested include Cognaize, an Armenian software development company.
Another YEE is invested in IS CONSTRUCTION TECH FIRC CONSAI, which has offices in Qatar and Poland.
AI in China
Family offices are also looking for opportunities in the AI ​​space of China.
The appearance of Deepseek pushed China to “the foreground in making a lot more, especially in AI with a lot less, which is available to them. So, I think it’s quite exciting,” said Srihari Kumar, founder of the Lionrock Capital single-family office.
The UBS KOH also pointed out “a new kind of enthusiasm about what will come (the AI ​​sector) in China, and this remains a very interesting space for investors.”
Investors’ interest in China has fallen in recent years in the light of a slow economy, but this may change soon.
China has a “smaller part” than investor portfolios in recent years given its internal challenges, Kumar noted. But, he added, there is a change, with investors looking for opportunities in the country after Beijing’s stimulating measures to strengthen the Chinese economy and technology sectorS
“For us and I think that as we talk about other family offices, they say,” Okay, how about reinvesting in China? “And I think (interest in China) is definitely increasing,” Kumar said.
Previously, 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 more at China”, public markets and the technology sector for investment opportunities.
