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

By Scott Murdoch 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 believed…

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