Truetide plc (LSE:TRUE) is seeking shareholder approval for a substantial expansion of its investing policy that would introduce a dedicated artificial intelligence strategy alongside its existing focus on technology and knowledge-intensive businesses.

The proposed changes follow a review of developments across the AI market. Truetide’s board sees an increasingly clear distinction between established, cash-generative companies using AI to strengthen their businesses and heavily funded growth companies whose elevated valuations may prove more difficult to sustain.

New strategy combines long positions with defined-risk shorts

Under the revised policy, Truetide…