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Incumbent AI players will dominate smaller ones in the short term: Portfolio manager
CNBC International TV Trent Masters, global portfolio manager at Alphinity, says a "technology platform shift" usually "opens up the universe for a whole lot of new players to come in and displace the incumbents." But, he adds, when it comes to artificial intelligence, the incumbents are the ones likely to reap most of the benefits, given the "sheer amount of capital" required and the "breadth of data sets" they have.
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