2026年转化世界：主题投资会议精选

Transforming World of pure innovationThematic Investing WeshowedyoutheTransformingWorld>4otimes GlobalThematic Investing Transforming World Conference.Technologies are converging and moving from conceptto commercial reality, creating new industries and expanding addressable markets. Transforming From Al to Quantum, Robots to Fusion, Drones to SpaceHelion outlined a pathway tofusion power generation, Vertical discussed certification of WorldThematic Research electric aircraft, while Varda, HawkEye and Astrolab demonstrated how falling launchcosts areenablingnewbusinessmodels inspacemanufacturing,intelligence and infrastructure -all before 2030. Across themes, the debate is shifting from whether thetechnology works to whether it can scale economically.Physical Al: the boring phase of Al is over robots talking (and dancing!) on stage, showcasing rapid advances in dexterity, mobility, and functionality.FieldAl and KraneShares stated factories, warehouses and logisticsrepresent the most compelling near-term commercial opportunity,particularly wherelabour shortages and safety considerations are greatest.Happy “Q-Day". Quantum computers are here! Rigetti and QCI discussed quantum computing transitioning from research milestones to classical computing, quantum is expected to complement CPUs and GPUs.AV you can drive my...everything Thematic InvestingMerrill Lynch (lsrael) Martyn Briggs >>Equity Strategist Across 6 company visits and demo rides we saw autonomous vehicles moving from pilot MLI (UK)+44 20 7996 7442martyn.briggs@bofa.comHaim Israel >>Equity Strategist programmes toward commercial deployment, as hardware costs continue to fall and Almodel capabilities improve.The competitive battleground is shifting fromtechnicalcapability to utilisation, reliability, and economics. The same trend is extending beyondthe road to the sky,with Matternet and Flytrex demonstrating autonomous dronedelivery following a similar path from tech validation to network deployment. Merrill Lynch (lsrael)+97236072007haim.israel@bofa.comLauren-Nicole Kung >> Equity StrategistMLI (UK)+44 20 7996 1045lauren-nicole.kung@bofa.comFelix Tran We won't pay for intelligence...we will pay for truth!Several speakers highlighted that Al adoption will be shaped by trust and human acceptance.SteveRosenbaumwarnedincreasinglyconvincingAl-generatedcontentcould blur the line between fact and fiction. The debate around Al focused more onhuman augmentation than replacement, with technologies designed to enhanceproductivity. Jon Krohn built live a portfolio-monitoring dashboard in minutes, illustratinghow Al can dramatically compress knowledge work. Equity StrategistBofAS+1 646 556 0731felix.tran@bofa.comMenka Bajaj >> Equity StrategistMLI (UK)+44 20 79955800menka.bajaj@bofa.com Trading ideas and investment strategies discussed herein may give rise to significant risk and arenot suitable for all investors. Investors should have experience in relevant markets and the financialresources to absorb any losses arising from applying these ideas or strategies.>> Employed by a non-US affiliate of BofAS and is not registered/qualified as a research analystunder the FINRA rules.Refer to "Other Important Disclosures'for information on certain BofA Securities entities that takeresponsibility for the information herein in particular jurisdictions.BofA Securities does and seeks to do business with issuers covered in its researchreports. As a result, investors should be aware that the firm may have a conflict ofinterest that could affect the objectivity of this report. Investors should consider thisreport as only a single factor in making their investment decision.Refer to important disclosures on page95to97. Showcasing the Transforming World >40x Physical Al Fieldtrips: Al in Action48 Showcasing the Transforming World >40xExhibit 1:BofAThematic and Transition Event Series In the last few months, we hosted >40 companies and speakers shaping the future across 20 fieldtrips, expert calls and our Transforming World Conference Session TitleSpeakerBio&Company Across >20 events we've explored technologies reshaping mobility,computing and industry across 3,000 biomedical papersl wasbelow5%bymid-2024,beforerisingto60%byQ120262 Next year at the latest, Al could make discoveries that humans have notbeenabletodo4 Al has reduced the cost to create a due diligence report by at least99.98% in just 3 years4 Deploying robots in unstructured environments can nowtake12hoursvs3.5months,thatsover200xfasters There could be3-5 million drone deliveries per day in the US by 2030,vs roughly 3,000-5,000 today-that's a 1000x increase6 Rigetti is aiming for1000 qubits with99.9%fidelity and quantumcommercializationoverthenext3years Helion'slongtermaimis$1perwattwitha2028targetfortheirfirstcommercialpowerplantwithMicrosoft8 Before Spacex's Falcon, the space rocket industry was essentiallylosing a jumbo jet in terms of asset worth with each single launch9 Source