As of June 5, 2023, there are nine exchange-traded funds (ETFs) focusing on artificial intelligence (AI) with a total asset value of at least $1 billion. The AI connection is fairly loose in some cases. Others are so broadly diversified that it's hard to find a specific target area for the included investments.

There is nothing wrong with investing in these ETFs. They come with low cost ratios, solid management firms like Vanguard or iShares, and could be just what you're looking for in some cases. The iShares US Technology ETF is the biggest name on the list, following nearly 140 American tech companies with market-beating results over the last five and 10 years. Or you could go for the SPDR S&P Kensho New Economies Composite ETF, which tracks 550 companies of "the fourth industrial revolution," some of which are AI businesses. If that's what you want, this ETF is a great way to dip into that broad category of investments.

But if you really want to double down on the AI opportunity, I think you should take a closer look at the Global X Robotics & Artificial Intelligence ETF (NASDAQ: BOTZ) instead.

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Source Fool.com