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By Simon EDELSTEN is co-manager of the Artemis Funds (Lux) - Global Select
Any company happening to mention that it has some sort of commercial involvement in artificial intelligence seems to see their share price jump at the moment.
The launch of ChatGPT has captured the imagination of investors around the world, but they should be careful. AI is not new – specialist funds and ETFs in this space go back several years. To make money from AI you have not only to choose the right companies but pay a fair price.
But what might that be? Look at the company's costs, growth prospects, tax and, with technology stocks especially, how much management and staff are being paid in shares. The impact of this last number can be hidden but...
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