The AI race is accelerating: Winners, losers, and disruptive change
16 Mar 2026
Ben RogoffPartnerGlobal Technology Team
Ben Rogoff, Lead Fund Manager of the Polar Capital Technology Trust, explains why he believes AI is entering a more disruptive phase, driven by rapid model evolution and the emergence of agentic capabilities that allow tasks to be completed with far less human input.
He highlights how this shift is reshaping the technology sector as well as influencing how the portfolio is positioned, with greater focus on AI infrastructure beneficiaries and reduced exposure to areas potentially vulnerable to disruption. While the long-term opportunity remains significant, he believes the accelerating AI race could quickly redraw the line between winners and losers.
The AI race is accelerating: Winners, losers, and disruptive change
Ben Rogoff
Partner, Global Technology Team
Ben Rogoff, Lead Fund Manager of the Polar Capital Technology Trust, explains why he believes AI is entering a more disruptive phase, driven by rapid model evolution and the emergence of agentic capabilities that allow tasks to be completed with far less human input.
He highlights how this shift is reshaping the technology sector as well as influencing how the portfolio is positioned, with greater focus on AI infrastructure beneficiaries and reduced exposure to areas potentially vulnerable to disruption. While the long-term opportunity remains significant, he believes the accelerating AI race could quickly redraw the line between winners and losers.
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Ben Rogoff
Ben joined Polar Capital in May 2003. He is lead manager of Polar Capital Technology Trust plc and is a Fund Manager of the Polar Capital Global Technology Fund and Polar Capital Artificial Intelligence Fund.
Prior to joining Polar Capital, Ben began his career in fund management at CMI, as a global technology analyst. He moved to Aberdeen Asset Managers in 1998 where he spent four years as a senior technology manager.
