Artificial intelligence (AI) has been pegged by some as the fourth industrial revolution, with many industries and countries investing heavily in the technology.
According to Grand View Research, it is estimated that there will be massive growth in revenues from AI over the next several years, reaching nearly US$1 trillion in 2028, up from US$93.53 billion in 2021.
Meanwhile, a report from McKinsey Global Institute predicts that the potential value of AI could reach US$13 trillion annually by 2030. With a large majority of companies across nine business functions in 19 industries making investments, AI has the potential for over 400 use cases and applications, such as regression analysis, statistical inference, clustering and recurrent neural networks.
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With that in mind, here the Investing News Network provides a comprehensive look at AI, with an overview of how investors can step into this ever-growing sector to help better answer the question of what artificial intelligence investing is.
What is artificial intelligence?
AI is defined as human intelligence exhibited by machines. A report from NVIDIA (NASDAQ:NVDA) states that AI is transforming the world and that its origins stretch back to the post-World War II era.
The company credits the development of open-source frameworks for creating a revolution backed by the development of graphics processing...
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