The popularity of ChatGPT has spurred heightened interest in artificial intelligence.
AI is poised to revolutionize industries around the world and add trillions to global GDP.
Wall Street is taking note, as analysts pick their favorite AI stocks to buy now for profits later.
Ever since OpenAI unveiled ChatGPT to the public in November 2022, artificial intelligence has grabbed the spotlight and refused to let go.
Hype surrounding the technology has soared as everyday people find uses for AI that are seemingly limited only by their imaginations. Students are using ChatGPT to write papers, job seekers are using it to write cover letters, and some employees are even surreptitiously using the AI chatbot to do their jobs for them.
Meanwhile, companies both large and small have begun incorporating the technology into their businesses. BuzzFeed plans to use ChatGPT to write content and create quizzes for readers, while mental health company Koko used ChatGPT to stand in as a chatbot to assist customers online. And Microsoft, with its $10 billion stake in OpenAi, plans to incorporate ChatGPT into its search engine Bing to compete with Google, which of course has its own AI chatbot in the works.
Now Wall Street has taken notice as well. Analysts at some of the biggest financial firms in the world are taking a hard look at what sort of impact the new technology will have on markets in the years to come.
Turns out, the implications of AI are massive. ChatGPT is just the tip of the spear, as AI seems poised to upend industries around the globe.
Bank of America analysts predict that the AI industry will be worth $900 billion by 2026. PricewaterhouseCoopers went a step further, declaring that “AI could contribute up to $15.7 trillion to the global economy in 2030, more than the current output of China and India combined.”
But with all the noise and hype surrounding artificial intelligence right now, investors may want some clarity about exactly where they should be putting their money in order to profit from the forthcoming AI boom. Luckily, Insider has been collecting research notes, interviewing analysts, and investigating which stocks will enjoy the biggest returns from the explosive growth of AI. All of those articles can be found below.
The AI revolution has begun. The only question is, how are you going to invest in it?
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How best to invest in AI: What leading Wall Street firms and analysts are saying as the rally continues
Bank of America shares 4 reasons why AI is having its ‘iPhone moment’ and could have a $15.7 trillion impact on the global economy by 2030 — while enriching investors in these 13 industries along the way
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