These are the 10 biggest ETFs focused on Artificial Intelligence (NASDAQ:AMZN)

Generative AI is in focus with investors looking at the technology’s prospects for stock market behemoths Amazon (NASDAQ:AMZN) and Apple (AAPL) and other companies.

Amazon (AMZN) executives this week said generative AI now represents a “multi-billion dollar revenue run rate business” for the company. Customers of its Amazon Web Services cloud computing platform are signing deals with longer timeframes and larger commitments, “many with generative AI components,” CFO Brian Olsavsky told analysts.

The company also this week said Q, its GenAI chatbot, is fully available to developers. The tool, powered by large language models, can write or fix code, among other tasks, Amazon (AMZN) said.

A type of artificial intelligence, generative AI is powered by deep-learning models and can produce a range of content such as text, audio and images.

Apple (AAPL), meanwhile, has been building a team of AI experts, according to analysis by the Financial Times. The company will release Q2 results on Thursday and investors will be on alert for what the company may say about bring generative AI to its iPhones.

Here are the biggest exchange-traded funds focused on artificial intelligence based on total assets under management as of May 1:

• iShares U.S. Technology ETF (IYW) – $15.75B
• Fidelity MSCI Information Technology Index (FTEC) – $9.16B
• First Trust Dow Jones Internet Index Fund (FDN) – $5.94B
• iShares Global Tech ETF Equity (IXN) – $4.30B
• iShares Expanded Tech Sector ETF (IGM) – $4.11B
• iShares Exponential Technologies ETF (XT) – $3.24B
• Global X Robotics & AI ETF (BOTZ) – $2.63B
• SPDR S&P Kensho New Economies ETF (KOMP) – $1.84B
• Global X Artificial Intelligence & Technology (AIQ) – $1.66B
• Global Robotics & Automation Index ETF (ROBO) – $1.25B