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‘Don’t pick winners’: Future Fund reveals blueprint for AI investing

The Australian

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The Future Fund’s chief says today’s AI giants could be tomorrow’s casualties, as the $330bn manager bets on the whole race rather than a single name.

Summary

The Future Fund, Australia’s $330bn sovereign wealth fund, has outlined a strategic investment framework that prioritizes broad resilience over betting on specific frontier AI companies. The strategy highlights the volatility of the current AI landscape, noting that today's dominant AI labs could easily be superseded by future technological shifts. While primarily focused on financial risk, the fund's approach acknowledges the profound systemic impact of AI on global infrastructure and the necessity of navigating a rapidly evolving technological race with potential global consequences.

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‘Don’t pick winners’: Future Fund reveals blueprint for AI investingThe Future Fund’s chief says today’s AI giants could be tomorrow’s casualties, as the $330bn manager bets on the whole race rather than a single name. All your news for a great price Unlock this story and more with your subscription Digital Access What’s included Unlimited access on app & web A digital version of Today’s Paper Daily puzzles & Mind Games A subscription to The Wall Street Journal Subscriber-exclusive newsletters & early access to tomorrow’s front pages Pay As You Go No lock-in contract $1 for 2 monthsThen $47 charged monthly.* *Read the fine print The Australian Digital subscription costs $1 charged for a duration of 2 months, after which it automatically renews at $47 charged monthly. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. 12 Month Plan Lock in & save $8 a week for the first 12 months($416 min. cost) charged as $32 every 4 weeks. Then $32 charged every 4 weeks.* *Read the fine print The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. Subscribe Other subscription options Print + Digital Subscriptions Corporate Subscriptions Student Subscription Verified journalism. Expert analysis. Study smarter and stay informed with a student subscription View offer View offer Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.