How to invest in Artificial Intelligence

What is Artificial Intelligence?

Artificial Intelligence or “AI” generally refers to the ability of machines to exhibit human-like intelligence using computer systems that can learn, reason, discover meaning, perceive their environment, learn from experience, and interact – ultimately solving problems without the use of hand-coded software containing detailed instructions

Impact of Artificial Intelligence

AI promises to have an enormous impact on the global economy. PwC estimates that artificial intelligence could add some US$15.7 trillion to global GDP by 2030.

Revenues generated by AI is estimated to have a compound annual growth rate (CAGR) of 54.4% over the next 5 years, which is more than twice the growth rate of other high-growth tech sub-sectors such as Big Data (+23%) and the Cloud (+20%).

AI is made possible by the massive digital transformation going on now within businesses, and is likely to be embedded in innumerable technology applications within a few years.

The Future of Artificial Intelligence

In fact, AI will likely be one of the most disruptive forces in the future as well as one of the fastest growing sectors within technology. As Google CEO Sundar Pichai said recently AI is “one of the most important things that humanity is working on. It’s more profound than, I don’t know, electricity or fire.”

AI is not about the future. AI is here and now.

AI is not about the future. AI is here and now. Businesses are now deploying AI as a differentiator in their offerings – be it software platforms such as chatbots for customer service, AI enabled systems for fraud detection, customer analytics, or hardware devices such as smartphones, wireless speakers, and intelligent robots (including autonomous cars).

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Source: How To Invest In Artificial Intelligence | Top 10 AI Shares – Macrovue