- Evolve Funds Group Inc. and Boosted.ai are launching Canada’s first Artificial Intelligence Fund, ARTI, on March 25, 2024.
- The fund utilizes generative AI to enhance portfolio construction and provide exposure to leading AI companies worldwide.
- Boosted.ai’s Proprietary LLM Technology evaluates companies’ alignment with AI themes, identifying prime investment opportunities.
- Evolve’s CEO Raj Lala highlights the strategic partnership and ARTI’s significance in offering pure play exposure to AI for Canadian investors.
- Boosted.ai’s CEO Joshua Pantony emphasizes the groundbreaking collaboration and the transformative potential of AI in the global market.
Main AI News:
Evolve Funds Group Inc. is excited to reveal its latest endeavor in collaboration with Boosted.ai: the upcoming launch of Canada’s premier Artificial Intelligence Fund, slated for March 25, 2024. This groundbreaking initiative aims to revolutionize portfolio construction by integrating generative Artificial Intelligence technologies.
The Evolve Artificial Intelligence Fund, actively managed by Evolve, is strategically engineered to capitalize on the burgeoning global AI landscape. Leveraging Boosted.ai’s innovative platform, ARTI will provide investors with exposure to leading AI companies poised to thrive amidst the rapid adoption of AI technologies worldwide.
Raj Lala, President and CEO of Evolve ETFs, expressed enthusiasm about this milestone achievement, stating, “As pioneers in disruptive technology ETFs, Evolve has long envisioned a dedicated AI ETF. Our partnership with Boosted.ai, coupled with their proprietary LLM technology, has empowered us to curate a portfolio comprising foremost AI enterprises. ARTI represents a significant addition to our suite of cutting-edge disruptive technology ETFs, offering Canadian investors unparalleled exposure to this dynamic domain.“
Boosted.ai’s proprietary large language model technology (“Proprietary LLM Technology”) serves as the cornerstone of this initiative. This sophisticated algorithm employs generative AI to evaluate a company’s alignment with the AI theme, gauging its potential to capitalize on the widespread adoption of AI. By scrutinizing securities from developed markets engaged in AI development, as well as ancillary technologies and services, the Proprietary LLM Technology identifies prime candidates for inclusion in ARTI.
The Proprietary LLM Technology represents a pinnacle in AI advancement, specifically tailored to comprehend, interpret, and produce human language. Powered by vast datasets encompassing diverse textual sources, this cutting-edge model executes multifaceted language-related tasks, including text composition, document summarization, and detailed text-based analyses.
Joshua Pantony, Co-Founder and CEO of Boosted.ai, shared his excitement about collaborating with Evolve on this pioneering venture. “Partnering with Evolve to introduce this innovative ETF driven by generative AI has been an exhilarating journey. Together, we’re pushing the boundaries of large language models (LLM), ushering in a new era of innovation,” remarked Pantony. “Evolve’s steadfast commitment to Canadian innovation, evident through their focus on cybersecurity, cloud computing, and the Metaverse, aligns seamlessly with Boosted.ai’s mission. We’re thrilled to join forces and bring ARTI to Canadian investors seeking to capitalize on AI’s transformative potential.”
Conclusion:
The launch of Evolve’s Artificial Intelligence Fund marks a significant milestone in Canada’s investment landscape, leveraging cutting-edge AI technologies to offer investors unparalleled exposure to the burgeoning AI sector. This collaborative effort between Evolve and Boosted.ai underscores the growing importance of AI in portfolio management and signals a shift towards innovative investment strategies in the Canadian market. As AI continues to reshape industries worldwide, ARTI positions itself as a pioneering vehicle for investors seeking to capitalize on this transformative trend.
