VegaShares Files ETF Focused on On-Device AI Growth

The VegaShares AI On-Devices ETF will target companies that enable AI to run directly on devices rather than in centralized data centers. The proposed actively-managed fund would invest across AI chips, semiconductor IP, memory, sensors, connectivity technologies, software frameworks, AI models, and AI-enabled devices such as smartphones, PCs, vehicles, and industrial equipment. Guided by the BITA AI On-Devices Global Index, the ETF seeks to capture the growing adoption of edge AI and local inference while maintaining flexibility to invest in emerging public and private companies across the ecosystem.