The artificial intelligence (AI) market has experienced rapid growth in recent years as more companies have come to appreciate the value of analyzing large volumes of data to make more informed decisions. Advertisers have utilized AI algorithms to create more targeted ads, while autonomous vehicles have employed AI to identify and avoid obstacles. Additionally, large organizations have integrated AI tools to automate tasks and streamline their operations.
The increasing popularity of generative AI platforms such as OpenAI’s ChatGPT and DALL-E, which enable users to generate new content rather than solely analyzing existing data, has further solidified the belief that the AI market has significant potential for expansion. According to Fortune Business Insights, the generative AI market is projected to grow at an impressive compound annual growth rate (CAGR) of 47.5% from 2023 to 2030, indicating that the right AI growth stocks could yield substantial returns.
Image source: Getty Images.
AI companies typically fall into two categories: chipmakers that produce the chips for processing those…
2024-03-24 09:43:00
Article from finance.yahoo.com
