{"id":409287,"date":"2023-06-19T19:22:39","date_gmt":"2023-06-19T19:22:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=409287"},"modified":"2023-06-19T19:23:11","modified_gmt":"2023-06-19T19:23:11","slug":"how-ai-contributed-to-germanys-online-marketplace-scout24-ses-26-yoy-surge","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/how-ai-contributed-to-germanys-online-marketplace-scout24-ses-26-yoy-surge","title":{"rendered":"How AI Contributed to Germany\u2019s online marketplace Scout24\u2019s 26% Surge"},"content":{"rendered":"
Every company in the world is incorporating artificial intelligence (AI) capabilities into its systems and products with the hope that the technology will pay off in profits at some point. This is already visible in the German online marketplace, Scout24 SE, which has so far witnessed significant growth as a result of AI.<\/p>\n
Investment has proven to be more about the bigger picture and unique ideas. Because of this, not every company that seems to be on top of the trend gains in value at the end. One top-performing global stock fund is reaping the rewards of the AI trading<\/a> frenzy by seeking out some unusual ideas.<\/p>\n Nick Cregan of Fairlight Asset Management makes investments in businesses that he thinks will benefit from AI or will be effectively shielded from its effects. He is not drawn to businesses riding at the top of the AI wave. Instead, he looks at how the company has fit the technology into its operations and what improvements AI has made to the company\u2019s numbers.<\/p>\n \u201cWe\u2019re not trying to pick the winner in AI, we think that that\u2019s a mug’s game,\u201d Cregan said in a phone interview with Bloomberg<\/a>.<\/p>\n \u201cYou\u2019re going to have some leading companies, which you think are going to be the winner, and then all of a sudden there\u2019s gonna be some interesting technology that emerges that completely displaces that business,\u201d he added.<\/p>\n