$1,000 in These Artificial Intelligence (AI) Stocks Today Could Net You $5,000 in 10 Years
Artificial intelligence (AI) has been around for years, but it gathered momentum in 2023 on the back of OpenAI's ChatGPT online chatbot. It was the first time AI became available for mass consumption, and its ability to generate text, images, videos, and computer code sent businesses clamoring to adopt the technology.
Goldman Sachs believes AI will add $7 trillion to the global economy over the next decade. PwC, on the other hand, thinks AI will add $15.7 trillion to the global economy by 2030, and Cathie Wood's Ark Investment Management pegs that number at $200 trillion. No matter which forecast proves accurate in the long run, this is one of the largest financial opportunities in history.
C3.ai (NYSE: AI) and Lemonade (NYSE: LMND) were monetizing AI long before last year's frenzy. The companies are valued at just $3.8 billion and $1.2 billion, respectively, so they are tiny relative to the trillion-dollar tech giants most investors associate with AI (like Nvidia).
Source Fool.com
