This AI-focused Tech Fund is Up More Than 20% This Year Beating 90% Of Its Peers

The tech industry is always looking for the next big thing, and this year it looks like artificial intelligence (AI) could be that new trend. A fund focused on AI-related investments has seen a remarkable 22% return so far in 2021, outperforming 90% of its peers.
This AI-focused tech fund was launched by venture capital firm Lux Capital in 2020 with the goal of investing in early stage companies working on cutting edge technologies such as robotics, autonomous vehicles, machine learning and more. The fund has already made several successful investments including a $50 million investment into an autonomous vehicle company called Nuro.
Lux Capital’s AI-focused tech fund has been able to capitalize on the growing demand for these types of technologies from both investors and businesses alike. As more companies look to incorporate AI into their operations or products, they are turning to funds like Lux Capital’s for access to innovative startups that can help them stay ahead of the competition.
The success of this particular fund highlights how important it is for investors to keep up with emerging trends in technology if they want to maximize returns over time. With many traditional industries being disrupted by new technologies such as AI, having exposure to these markets can provide investors with significant upside potential while also helping them diversify their portfolios away from more traditional assets classes such as stocks and bonds.
Overall, Lux Capital’s AI-focused tech fund has proven itself capable of delivering strong returns despite only being around for less than a year now – something which should give other investors confidence when considering similar opportunities going forward.
|This AI-focused Tech Fund is Up More Than 20% This Year Beating 90% Of Its Peers|Tech|CNBC