Outperforming Beijing tech fund calls for caution on AI stocks

“There are huge fundamental risks, especially in terms of public safety, in AI at this current stage,” said Yun Bingwang, an investment officer at Qingdao Luxiu Investment Management Co. — Bloomberg

SHANGHAI: A technology-focused China equity fund outperforming 98% of peers this year advises caution over the frenzy in artificial intelligence (AI) themes, saying it might be the biggest under-priced risk.

“There are huge fundamental risks, especially in terms of public safety, in AI at this current stage,” said Yun Bingwang, an investment officer at Qingdao Luxiu Investment Management Co.