BlackRock debuts AI and robotics fund
BlackRock has launched a new exchange-traded fund (ETF) focused on investing in companies utilizing artificial intelligence and robotics technologies to streamline tasks in sectors such as transportation and manufacturing. This comes amid market volatility, with the company emphasizing that AI represents the next stage of technological development and is a key element in the upcoming wave of adopting new technologies. Despite market challenges, BlackRock remains committed to investing in this sector, having launched six AI-related funds last month, and believes that robots will play a fundamental role in expanding AI applications across various industries.
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