3, Sep 2026
Global Battery Packaging Market Poised for Strong Growth

New Delhi, Sep 3: The global battery packaging market is witnessing steady growth as demand for electric vehicles, consumer electronics and energy storage systems continues to rise.

The market was valued at around $37.4 billion in 2025 and is expected to grow at a compound annual growth rate of 12.1 per cent from 2026 to 2035, reaching nearly $117.2 billion by 2035.

The growing production of electric vehicles is one of the main factors driving demand for battery packaging. Batteries need strong and reliable packaging to protect them from heat, impact, moisture and other risks during use, storage and transportation.

Lithium-ion batteries account for the largest share of the market, supported by their widespread use in electric vehicles, smartphones, laptops and energy storage systems.

Asia Pacific is currently the largest regional market, accounting for about 30.5 per cent of global consumption. China, Japan and South Korea remain major battery manufacturing centres and together account for more than 70 per cent of global lithium-ion cell production.

Metal packaging continues to dominate because aluminium and steel offer strength and protection. Aluminium is also gaining popularity because it is lightweight, corrosion-resistant and recyclable.

At the same time, companies are increasingly using plastics and composite materials to reduce weight and improve the safety and efficiency of battery packs.

Corrugated packaging is another major segment, particularly for transporting batteries. Its lightweight structure, durability and recyclability make it suitable for protecting batteries during storage and shipment.

The industry is also moving towards more sustainable packaging solutions. Manufacturers are exploring recyclable materials and lighter designs as environmental concerns and regulations gain importance.

With electric mobility and renewable energy storage expanding worldwide, the battery packaging industry is expected to see continued investment and create new opportunities across manufacturing, materials, recycling and logistics.

3, Sep 2026
Stackoo Makes Mumbai Debut with Premium Stationery and Lifestyle Retail Experience

Mumbai, Sep 03: From thoughtfully chosen writing instruments to art supplies, contemporary gifting and workspace essentials, Stackoo is bringing a more immersive approach to everyday retail to Mumbai. The premium lifestyle concept by Linc Limited has opened its second store in India at Sky City

Inaugurated by Mr. Aloke Jalan, Whole-time Director, Linc Limited, the new destination brings together 2000+ SKUs spanning premium and everyday writing instruments, stationery, notebooks and paper products, art and colour supplies, office essentials, lifestyle accessories, school supplies and gifting. Created for a discerning mix of students, young professionals, artists, creators, corporate executives and gifting consumers, the store brings together utility and aesthetics within a contemporary retail setting.

Speaking on the Mumbai opening, Mr. Aloke Jalan, Whole-time Director, Linc Limited, said,

“Stackoo was created with a simple yet powerful thought, that the things we use every day can inspire us, reflect our personality and elevate ordinary moments. Mumbai is an exciting market for a concept rooted in creativity, quality and self-expression. Following our Kolkata debut, this store represents our intent to take Stackoo to more consumers while building a distinctive retail experience around discovery, design and premium products.”

At Stackoo Mumbai, the experience extends beyond browsing shelves. The store has been designed as an engaging environment where visitors can discover, interact with and experience products before making them their own. A standout feature is the POSCA Experience Wall, an interactive space where customers can experiment with POSCA markers across a variety of surfaces. Complementing this is a dedicated workshop and live demonstration area, creating opportunities for creative engagement and product discovery.

The assortment brings together an extensive selection across writing, art, paper, workspace, lifestyle, education and gifting. The premium portfolio features internationally recognised brands such as LAMY and Cross, alongside leading in-house Indian and International brands including Linc, Pentonic, Uniball, Morris, Swype and Deli. For occasions that call for something more personal, gift-wrapping and personalisation services add a bespoke touch to Stackoo’s gifting experience.

With the Mumbai store, Stackoo is taking a broader view of what a stationery and lifestyle destination can be, bringing together innovation, productivity, design and self-expression under one roof. The proposition reflects Linc Limited’s larger ambition to build Stackoo into a distinctive premium retail brand that resonates with consumers seeking products that are not only functional, but also considered, well-designed and inspiring.

Mr. Deepak Jalan, Managing Director, Linc Limited, said, “Stackoo represents our evolving understanding of the modern consumer, someone who values quality, design and experience as much as functionality. Mumbai gives us an opportunity to introduce this proposition to a new and diverse audience. The opening of our second store is a meaningful milestone for the brand, and we see significant potential to build Stackoo into a premium lifestyle destination with a strong retail identity of its own.”

With its blend of curated merchandise, globally recognised brands and interactive experiences, Stackoo Mumbai aims to create a destination that appeals to the everyday shopper as well as the discerning collector, creative professional and thoughtful gift buyer.

3, Sep 2026
Silicon Line®, an EverProX® brand, Launches new Ultra-Low-Power SerDes Chipset MSDL™ (MIPI Serial Data Link), Extending 20 Gbps MIPI D-PHY Connectivity to Tens of Meters

New optical/electrical solution aggregates two simultaneous MIPI-DPHY camera streams, at up to 10 Gbps each, over two serialized links while consuming less than 100 mW per link, eliminating bulky cable bundles with optical fiber or differential copper connectivity. Discover more: https://silicon-line.com/msdl

MUNICH, Sept. 3, 2026 /PRNewswire/ — EverProX Technologies Munich GmbH, under its Silicon Line® brand—a pioneer in ultra-low-power optical and electrical interconnect technology—today announced the launch of “MSDL™ 20G” which is the first product in the new MSDL™ family, an end-to-end interconnect chipset comprising the SL8582x serializer and SL8581x de-serializer. Engineered to overcome the bandwidth, EMI, and reach limitations of traditional MIPI D-PHY signals, the dual-port chipset delivers up to two simultaneous 10 Gbps serialized links for next-generation vision systems.

MSDL™ 20G - MIPI Serial Data Link

Breaking Physical Cabling Bottlenecks

As high-resolution multi-camera systems and high-frame-rate displays drive rapidly increasing bandwidth requirements, traditional copper cabling is increasingly constrained by limited reach and susceptibility to electromagnetic interference (EMI). The “MSDL™ 20G” chipset, comprising SL8582x serializer and SL8581x de-serializer resolves this by aggregating multi-stream video over optical fibers or differential copper pairs, extending link distances to tens of meters while eliminating bulky, shielded cable bundles. The highly integrated architecture delivers ultra-low-power consumption in both optical and electrical modes, with total SerDes power well below 100 mW per 10 Gbps link.

Executive Perspective

“Physical AI is changing the way electronic systems are built. We are seeing more and faster cameras, more sensors, and greater intelligence distributed across devices,” said Yifeng Liann, CEO and Managing Director of EverProX Technologies Munich GmbH. “As systems get smarter, moving high-bandwidth data between devices reliably and in real time becomes increasingly challenging. Engineers must balance the flexibility to connect across different subsystems, the reliability that mission-critical applications cannot always get from wireless, and the ultra-low power needed to make it all practical. That’s the problem the Silicon Line® team set out to solve: making high-bandwidth connectivity more energy-efficient, more reliable, and easier to integrate into the next generation of intelligent systems.”

Key Technical Highlights

  • Dual-Port Multi-Camera Aggregation: Supports up to two simultaneous transmissions of single- or stereo-camera streams over one or two serialized links, with one transmission per link
  • Optical or Copper Connectivity: Integrated VCSEL drivers and TIA enable optical links over tens of meters, while supporting differential copper links up to 2 meters
  • Ultra-Low Power: Consumes just 71 mW per optical link and 87 mW per electrical link, excluding the integrated Sideband SerDes:
    • Optical Mode: Serializer 17 mW, De-serializer 54 mW (Typical)
    • Electrical Mode: Serializer 27 mW, De-serializer 60 mW (Typical)
  • Integrated Bidirectional Sideband SerDes: Transports I²C, GPIO, digital audio, SPI/control signals and sensor clocks alongside MIPI data, reducing cable count, connector complexity, and system components.
  • Target Applications:
    • AR/VR: Enables lighter, more flexible tethering and greater mobility 
    • Medical Endoscopy: Supports 4K/8K imaging, ultra-low heat generation, and thin optical connectivity
    • Industrial Robotics and Machine Vision: Delivers reliable, EMI-immune high-speed vision connectivity in electrically noisy environments
    • Defense and UAVs: Provides lightweight, low-power multi-camera connectivity that reduces cable weight and increases battery life

Availability & Ecosystem Support

The MSDL™ 20G (SL8582x&SL8581x) are sampling now with early-access customers in bare die or compact 4×4 mm µBGA-78 packages. Evaluation Kits (EVKs) are available now for link validation. Backed by EverProX’s turnkey assembly, customers can transition seamlessly from IC design to mass production. For more information, visit https://www.silicon-line.com/ or contact sales@silicon-line.com.

About EverProX Technologies Munich GmbH and Silicon Line®

Silicon Line® — a brand of EverProX Technologies Munich GmbH — is a leading IC developer of ultra-low-power optical and electrical interconnect solutions for high-speed video and data transmission. Based in Munich, Germany, the Silicon Line® portfolio includes ultra low power MIPI SerDes ICs (from MSDL™ 2G up to MSDL™ 20G), TIA&VCSEL drivers that enable ultra-thin, lightweight, and EMI-immune active optical cables (AOCs) and embedded optical links for VR/AR, medical, industrial, robotics, defense and consumer markets.

Media Contact:



Emre Oralli

Product Marketing Manager 

EverProX Technologies Munich GmbH / Silicon Line® 

Email: emre.Oralli@silicon-line.com

Phone: +49 151 20620735

EverProX Technologies Munich GmbH

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3, Sep 2026
Thai Airways selects CHAMP’s cargo management suite Cargospot neo to enhance their service levels and customer experience

Bangkok, Sep 03: Thai Airways International, Thailand’s flag carrier and an air cargo provider in the region, has selected CHAMP Cargosystems to support its ambitious cargo transformation with the deployment of theCargospot neo suite of applications, built on CHAMP’s next-generation neo Platform.

Thai Airways selects CHAMP’s cargo management suite Cargospot neo to enhance their service levels and customer experience

This strategic investment reinforces THAI’s commitment to elevating customer experience, driving operational excellence, and accelerating sustainable growth, forming a key pillar of its broader post-rehabilitation transformation strategy.

As competition intensifies and customer expectations continue to rise, THAI is modernizing its cargo operations to deliver faster, more reliable, and fully digital services.Through the implementation of Cargospot neo, THAI gains a modern, automation-driven cargo management system that enhances end-to-end visibility, agility, and service consistency. Customers and partners will benefit from faster booking processes, real-time shipment tracking, and greater transparency across the entire cargo journey.At the heart of this transformation is the CHAMP neo Platform, featuring an API-native architecture with native AI at its core, enabling THAI to move from fragmented processes to a fully connected, real-time operating model across commercial, operational, and financial functions.

As part of the transformation, THAI has also selected Cargospot neo Revenue Management, CHAMP’s new and advanced yield optimization solution. By combining capacity and demand forecasting with dynamic pricing in a unified machine learning–powered workflow, the solution will enableTHAI to optimize revenue performance while maintaining the right balance between competitiveness and profitability.The comprehensive Cargospot neo suitesolution contracted by THAI creates a seamless, fully integrated cargo ecosystem, streamlining the airline’s end-to-end operations across sales, reservations, handling, warehouse management, load planning, revenue management, and data analytics.This end-to-end digital foundation replaces siloed workflows with a single source of truth, improving efficiency, reducing manual intervention, and enhancing service reliability.

Mr. Surapon Pisutpattana, Managing Director of THAI Cargo Terminal Service at Thai Airways, says:

“Selecting CHAMP and Cargospot neo as our Cargo Management System (CMS) was a natural choice as we continue to accelerate our digital transformation. Our longstanding partnership through Traxon cargoHUB has consistently demonstrated CHAMP’s reliability and commitment to service excellence. We have also seen first-hand how Cargospot enhances operational efficiency, with leading cargo operators in Thailand achieving new levels of performance through the platform. By adopting the CHAMP neo Platform, we are taking another significant step forward—connecting our operations in real time, strengthening our ability to manage capacity and demand more dynamically, and delivering a more responsive, customer-centric cargo experience.”

A key factor in THAI’s decision was CHAMP’s neo Platform, which underpins the majority of its end-to-end portfolio. Built on an API-native architecture and enhanced with embedded generative AI and automation capabilities, the platform delivers a modern, scalable, and highly resilient digital foundation.

Manuel Galindo, CEOat CHAMP, adds:

 “With the Cargospot neo suite and the addition of Cargospot neo Revenue Management, THAI are investing in a scalable, future-ready platform that will strengthen their competitiveness, support their growth ambitions, and enable them to deliver exceptional value to their customers in an increasingly digital and demanding air cargo market.”

Together, CHAMP and Thai Airways are setting a new benchmark for digital air cargo operations, combining AI-driven intelligence, real-time visibility and end-to-end integration to meet the evolving needs of the global logistics ecosystem. This collaboration marks a significant step forward in delivering a smarter, more connected, and customer-centric cargo experience.

3, Sep 2026
VT Markets Appoints Ross Maxwell as Chief Strategy Officer to Accelerate Global Growth Strategy

SYDNEY, Sept. 3, 2026 /PRNewswire/ — VT Markets, a leading multi-asset broker, today announced the appointment of Ross Maxwell as Chief Strategy Officer (CSO). Ross will lead the company’s long-term strategy across platform development, global business growth, and corporate governance, aligning multi-asset innovation with evolving trader needs.

VT Markets Appoints Ross Maxwell as Chief Strategy Officer to Accelerate Global Growth Strategy

The appointment comes as VT Markets expands beyond traditional execution into a unified multi-asset platform. This enables users to uncover market opportunities, access diverse asset classes, and trade with greater confidence.

As global markets become increasingly interconnected, VT Markets is building a tech-led ecosystem connecting digital assets and traditional financial markets, while ensuring traders are equipped with the knowledge and risk management skills to succeed.

As Chief Strategy Officer, Ross will drive VT Markets’ strategic direction across platform innovation, global expansion, and responsible trading frameworks. Drawing on a deep background in macroeconomic analytics, operational scaling, and market infrastructure, he transitions from his previous role as Global Strategy & Operations Lead, where he led market intelligence and educational programs. In his new capacity, he will also champion AI-driven financial literacy initiatives to narrow the knowledge gap for retail traders while expanding institutional-grade multi-asset capabilities.

“The next era of trading will be defined not only by access to more asset classes, but by how seamlessly users can discover and act on opportunities within a transparent, tech-led ecosystem,” said Ross Maxwell, Chief Strategy Officer at VT Markets. “As global financial markets continue to converge, traders expect a high-performance platform driven by cutting-edge infrastructure and transparent execution. VT Markets is building that future, and I’m excited to lead our strategic vision worldwide.”

Ross’s appointment reflects VT Markets’ commitment to evolving alongside global markets. By combining broader market access, intelligent technology, and executive-led financial literacy, VT Markets is creating a trading ecosystem that empowers users to navigate market shifts through one unified platform.

About VT Markets

VT Markets is a regulated multi-asset broker with a presence in over 160 countries as of today. It has earned numerous international accolades including Best Online Trading and Fastest Growing Broker. In line with its mission to make trading accessible to all, VT Markets offers comprehensive access to over 1,000 financial instruments and clients benefit from a seamless trading experience via its award-winning mobile application.

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3, Sep 2026
IKEA brings miniature homes to three cities to show how small changes can go a long way

MALMÖ, Sweden, Sept. 3, 2026 /PRNewswire/ — A series of handcrafted miniature homes appear in Melbourne, Chengdu and Beijing to mark the launch of IKEA open house, an in-store experience showing how small, affordable changes can help people make more room for what they love.

At a time when homes are expected to serve as workplaces, creative studios, classrooms and sanctuaries, making the most of limited space has become increasingly important. IKEA believes that creating a home that feels easier to live in does not require a big budget, just a few smart changes that make better use of the space people already have.

Through home visits and conversations with people around the world, IKEA has found that many are looking for practical ways to improve their homes, but affordability is often the deciding factor in turning ideas into reality.

“People usually don’t aim for the perfect home, but the one that feels easier to live in,” says Javier Quiñones, Global Commercial Manager, Ingka Group (IKEA). “We’re putting even greater focus on creating a better everyday life at home and making sure the solutions we offer are accessible and affordable.”

To bring this idea to life, IKEA has partnered with Stockholm-based miniature artist Christopher Robin Nordström (@TokyoBuild) to create handcrafted miniature homes in public locations across the three cities. Built entirely by hand at a 1:12 scale, each miniature home reflects the rhythms and character of the city where it appears. In Melbourne, a BILLY bookcase holds tiny novels and art prints, alongside subtle references to the city’s sporting culture. In Chengdu and Beijing, METOD kitchens take centre stage, illustrating how homes are shaped by different cultures, routines and priorities.

“When you build in miniature, you can’t include everything,” says Christopher Nordström. “Every object has to earn its place. You quickly realise that a home isn’t defined by how much it contains, but by the things people choose to make room for.”

While the miniature homes bring the idea to life in public, IKEA open house continues in stores from late August through September. Visitors can explore storage and organisation solutions, inspirational room settings, special offers and simple, affordable ideas designed to make home feel calmer, more functional and better suited to everyday life.

Christopher Robin Nordström (@TokyoBuild)

IKEA Miniature Home

IKEA logo

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3, Sep 2026
JK Cement inaugurates its construction chemicals manufacturing unit in Ras Al Khaimah

JK Cement inaugurates its construction chemicals manufacturing unit in Ras Al Khaimah

 

(L-R) RAKEZ CXO Ian Hunt, JK DryChem CEO & Director – UAE & Africa Business Amit Kothari and JK Cement Group MD Dr. Raghavpat Singhania.

Ras Al Khaimah, Sept 03: JK DryChem Industries LLC, a subsidiary of India’s leading cement manufacturing giant JK Cement, has officially launched its manufacturing facility in Ras Al Khaimah Economic Zone (RAKEZ), marking the next phase of the company’s expansion in the UAE and wider region.

Spanning 5,000 m², the new plant will manufacture advanced construction chemicals and additives, strengthening JK Cement’s production capabilities in the region and bringing its products closer to customers across key markets.

The facility’s inauguration ceremony was attended by JK Cement Group MD Dr. Raghavpat Singhania and RAKEZ Chief Customer Experience Officer Ian Hunt, along with senior executives from JK Cement and RAKEZ.

The plant will produce a range of high-performance construction solutions, including liquid admixtures, prepared additives, dry-mix materials and coatings designed to support greater efficiency and sustainability across construction applications.

RAKEZ Group CEO Ramy Jallad said, “Seeing JK Cement’s facility move from plans on paper to an operational manufacturing plant in short time is an important milestone. Investments like this add depth to Ras Al Khaimah’s industrial base by bringing new production capabilities and stronger regional supply chains into the emirate. We are pleased to have supported JK Cement through this journey and look forward to seeing its operations grow from the emirate into markets across the region and beyond.”

JK Cement Group MD Dr. Raghavpat Singhania said, “The launch of this facility is an important step in strengthening our presence in the UAE and expanding our construction chemicals business across international markets. Establishing local manufacturing gives us greater proximity to our customers, strengthens our supply capabilities and creates a strong platform for future growth. We appreciate the support provided by RAKEZ throughout the development of the facility, and we look forward to building on this investment.”

With operations now underway, the facility will initially serve customers across the UAE and GCC region, with plans to expand exports to Africa and rest of the world. Its location in RAKEZ’s Al Ghail Industrial Zone also provides access to Ras Al Khaimah’s industrial and logistics infrastructure for the movement of raw materials and finished products.

As major construction, real estate and infrastructure developments across Ras Al Khaimah continue to gather momentum, demand for advanced building materials and construction solutions is set to grow alongside them. This creates a timely opportunity for manufacturers such as JK DryChem to establish local production, serve an expanding regional market and participate in the emirate’s next phase of development. 

3, Sep 2026
Retired Air Marshal Jeetendra Mishra Takes Charge as Ram Temple Trust CEO

Ayodhya, Sep 3: Retired Air Marshal Jeetendra Mishra arrived in Ayodhya on Thursday to begin his new role as the first Chief Executive Officer of the Shri Ram Janmabhoomi Teerth Kshetra Trust, which oversees the management and operations of the Ram temple.

Retired Air Marshal Jeetendra Mishra Takes Charge as Ram Temple Trust CEO

Mishra, who previously headed the Indian Air Force’s Western Air Command, said he felt deeply grateful for the opportunity and considered his appointment a matter of great fortune. He said his first priority would be to understand the organisation and its existing systems before deciding on future plans.

The 62-year-old former Air Force officer was appointed to the post on Wednesday following a selection process that received 5,585 applications. He was chosen from a final shortlist of three candidates.

Mishra retired as head of the Western Air Command on April 30, 2026. During his military career, he also played a leadership role during Operation Sindoor.

After reaching Ayodhya, Mishra said his familiarity with Uttar Pradesh and regular visits to places such as Deoria, Gorakhpur and Varanasi would help him understand the region and its development. He said Ayodhya was also moving forward as part of the wider development taking place across Uttar Pradesh and the country.

His appointment comes as the temple trust strengthens its administrative structure and focuses on improving the management of the temple and services for devotees.

The new CEO is expected to play a key role in streamlining the trust’s administrative operations and coordinating its expanding responsibilities as visitor numbers and activities around the Ram temple continue to grow.

3, Sep 2026
FIA President Mohammed Ben Sulayem Renews Call for Respect Toward Race Stewards Ahead of F1 Italian Grand Prix

Founder of UAOA campaign says Monza shows all that is best about Formula One and vast majority of fans have only good things to say about the sport, and those making it happen

FIA President Mohammed Ben Sulayem Renews Call for Respect Toward Race Stewards Ahead of F1 Italian Grand Prix

 

Dubai, UAE, 3rd September, 2026: FIA President Mohammed Ben Sulayem has made a renewed appeal for an end to online abuse of race stewards ahead of this weekend’s FIA Formula One Italian Grand Prix at Monza.

This follows the targeting of FIA stewards after they applied sporting penalties in line with FIA regulations during the recent Dutch Grand Prix at Zandvoort.

Ben Sulayem, who will be in attendance at Monza, founded the FIA’s United Against Online Abuse campaign in 2023 as a global initiative dedicated to combatting online abuse in sport through research, policy advocacy, and collaborative action.

The UAOA is now endorsed by more than 75 governments, sports, academic institutions and technology organisations, and is supported by the FIA Foundation and co-funded by the European Union.

“Over the last three years, we have been greatly encouraged by the overall response to the UAOA, which condemns all forms of abuse and harassment,” said the FIA President.

“Disagreement with decisions is part of sport, but it must never justify threats or personal attacks, such as those experienced by our race stewards at the Dutch Grand Prix.

“As one of the oldest motor racing venues in the world, Monza is steeped in tradition and characterises all that is best in F1, and motor racing in general.

“I’m looking forward to another fantastic race weekend in Italy, as are all the passionate Italian F1 fans, and race lovers around the world. The vast majority of fans have only good things to say about the sport, and all those who make it happen.”

FIA President Mohammed Ben Sulayem Renews Call for Respect Toward Race Stewards Ahead of F1 Italian Grand Prix

 

Ben Sulayem says he is particularly looking forward to sampling the special atmosphere at Monza, where the excitement will be heightened Italy’s Kimi Antonelli leading the F1 drivers’ standings, while Ferrari’s Lewis Hamilton and Charles Leclerc are both in the hunt for race and final championship podium places.

The FIA President arrives in Monza following a busy week in South America which began when he met senior leaders of the Republic of Chile in Santiago, and specifically held discussions with the President of the Republic of Chile, H.E. José Antonio Kast, who became the latest world leader to sign the FIA’s United Against Online Abuse charter.

From Chile, Ben Sulayem moved on to Paraguay for discussions with President Santiago Peña on global motor sport and mobility issues as the country staged the latest round of the FIA World Rally Championship.

Next stop for the FIA President was Buenos Aires for the FIA’s American Congress where he joined representatives from 32 Member Clubs across North, Central and South America, and the Caribbean, for three days of collaboration, innovation and knowledge sharing.

3, Sep 2026
Professional Investors Convinced AI ‘Breakthrough’ Is Close

Almost all believe increased computational power will drive breakthrough on AI capabilities this year

AI productivity gains should drive around 22% of global growth this year, Robocap research finds

Sept 03: Professional investors are convinced increased computational power will lead to a breakthrough in AI capabilities this year, new global research1 with institutional investors and wealth managers managing assets of $513 billion from leading fund manager Robocap shows.

The study with senior executives at insurance asset managers, pension funds, family offices and wealth managers found almost all (96%) believe that the expected 10 times increase in computational power being applied by the big five US model developers to current AI models will deliver a breakthrough in what AI can achieve.

That will translate into increased global growth this year, the research from Robocap, the leading investor in robotics, automation and AI, found. On average professional investors surveyed believe productivity gains from AI this year will account for 22% of global growth.

In three years’ time the percentage of productivity gains and global growth attributable to AI will increase to an average 30%, the study found. Around one in five questioned believe the increase could be 40% or more.

The impact of increased AI capabilities will be felt first by marketing and sales, the survey found, with 31% predicting the sector will be the first in line for disruption followed by services such as law, finance, accounting and tax which was ranked first by 29%.

The research with firms based in the UK, US, UAE, Saudi Arabia, Singapore, Hong Kong, Germany and Switzerland found around one in five (20%) highlighted IT as first in line while 9% pointed to transportation and 7% to healthcare and 6% to industrials and consumer goods.

Real estate and utilities are seen as the sectors likely to be disrupted last by AI and robotics. Around 28% said real estate would be among the last to be disrupted followed by 20% choosing utilities and 11% selecting materials.

Jonathan Cohen, Founder and CIO at Robocap, said: “The advance in AI capabilities over the past few years has been phenomenal as major model firms have increased the computational power used to train their models year on year.

“This year it is estimated that the computational power being applied by the big five American model developers to train their next model will actually be up to 30 times more relative to the compute power current model and investors are convinced that the world is on the verge of a breakthrough in terms of AI capabilities considering weekly progresses.

“That is translating into real world effects with the productivity gains from AI making major contributions to global growth which are expected to increase over the coming years.”

The Robocap UCITS Fund, which is a thematic equity fund focusing on pure-play robotics, automation and AI listed stocks globally, was launched in January 2016 and is managed by a London based specialist team. It has delivered compound annualised net returns (CAGR) of 15.38% and a net return of 359.95% since its inception.