Artificial intelligence (AI) will be one of the biggest stories of the decade.
Growing fast, Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030.
Plus, consider this. MIT Technology Review said, “Artificial intelligence is changing the world and doing it at breakneck speed. The experts go on to predict a 50 percent chance that AI will be better than humans at more or less everything in about 45 years.”
And, according to Marketing AI Institute, “Artificial intelligence will, on average, boost rates of profitability by 38% and provide an economic boost of $14 trillion in additional gross value by 2035, according to research by Accenture.
Just look at what’s been happening lately.
OpenAI just released ChatGPT, a free chatbot that’s become wildly popular. For one, according to Medium.com, “One of the primary reasons ChatGPT is disruptive is that it represents a significant advancement in the ability of AI systems to understand and generate human-like text.” Two, “it has the potential to revolutionize the way we interact with AI.”
Three, ChatGPT has the potential to impact a wide range of industries and applications. For example, it could be used to improve customer service by providing more natural and efficient responses to customer inquiries. It could also be used in education to create personalized learning experiences, or in healthcare to provide more accurate and efficient diagnoses and treatment recommendations.”
Even the White House has taken notice.
In fact, just days ago, the White House and the European Union agreed to work together to develop new AI tools. According to National Security Advisor Jake Sullivan:
“This collaborative effort will drive responsible advancements in AI to address major global challenges with a joint development model and integrated research to deliver benefits to our societies through five key areas of focus: Extreme Weather and Climate Forecasting, Emergency Response Management, Health and Medicine Improvements, Electric Grid Optimization, and Agriculture Optimization.”
In short, we’re looking at a massive opportunity. One that could easily create a multi-trillion-dollar opportunity for companies such as C3.AI (AI), Splunk (SPLK), Palantir (PLTR), and even ETFs including the iShares Robotics & AI ETF (IRBO).