Brice Prunas, Artificial Intelligence thematic manager, ODDO BHF Asset Management.
“Artificial intelligence feeds on data, and the largest database in
the world can be found in the human body. “
A theme with structural implications that we see as offering market opportunities is healthcare in connection with artificial intelligence.
Some might argue that healthcare is the number one field of interest for artificial intelligence (AI), particularly as we stand on the brink of the “super intelligence” era. We tend to agree with this view for the following reasons.
- Artificial intelligence feeds on data, and the largest database in the world can be found in the human body.
- In recent months, leading figures in AI, such as Jensen Huang (founder of Nvidia), Sergey Brin (co-founder of Google) and Dario Amodei (co-founder of Anthropic), have unanimously supported this view.
- The work of DeepMind’s AlphaFold on protein structures are paving the way for new, more personalised therapies across a wide range of indications.
- AI is expected to enable healthcare to move from identifying correlations to establishing causation, particularly in the field of genomics.
- AI is expected to generate significant cost savings in Western healthcare systems, as exemplified by the “Value-Based Care model” in the United States.
Why is this theme promising?
This theme is part of a broader trend, emerging in the post-DeepSeek era, that favours companies leveraging AI (as opposed to those enabling it), with healthcare being one of the key sectors.
What is your investment strategy in this market segment? What sets it apart from other strategies in the same sector?
The fund we manage, ODDO BHF Artificial Intelligence, is a global thematic equity fund using artificial intelligence to identify the most alpha-generating sub-themes and innovative companies linked to AI. As a result, the portfolio is truly multi-sectoral. Healthcare is one of the sectors represented in the portfolio, currently accounting for 13.5% of the fund’s total assets as of January 31, 2025. It is important to note that ODDO BHF Artificial Intelligence is an equity fund, meaning it carries capital loss and equity market risks.
