The next wave of AI innovation

Artificial intelligence is developing at pace but its progress was never going to be linear – NVIDIA recently lost then regained nearly £600bn of its market cap in a matter of weeks. Fred Holt and Nick Dumas-Williams, Investment Analysts on the Polar Capital Global Technology Team, explore the AI cost race, hyperscaler investments and the rise of agentic AI that are set to transform automation at scale. Their question is not 'if' AI will reshape industries, but 'how fast?'.