Artificial intelligence (AI) has been around since the 1930s, but recent advances in the field of generative AI have the potential to be game-changing. These next-generation algorithms are being used to automate certain processes, which in turn make workers more productive. This can include summarizing emails and drafting responses, generating updates from meetings, creating slide shows from existing documents, or even writing and debugging computer code -- and new use cases are dropping every day.

We don't know for sure how much AI will ultimately be worth, but estimates are thought-provoking. Projections from Morgan Stanley and Goldman Sachs estimate the economic impact at $6 trillion and $7 trillion, respectively, by 2030.

Some of the most successful hedge fund billionaires are looking to capture their fair share of the profits wrought by the accelerating adoption of AI. Here are two AI-related stocks billionaires are buying hand over fist.

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Source Fool.com