3 Top Artificial Intelligence Stocks to Buy in July
Over a decade ago, a nebulous idea called "the cloud" started to gain momentum. Using the internet to deliver a service to a remotely located user was a novel concept, but today, it's an essential piece of the economy.
Artificial intelligence (AI) is likewise an important but oft-misunderstood technology. It's still developing, but it promises to create a new segment of the economy based on the automation of simple tasks and raw data crunching.
Researcher IDC estimates that some $37.5 billion was spent globally on AI systems in 2019. That's not a particularly large sum, but IDC thinks that figure could roughly triple by 2023. Just as the cloud is now responsible for delivering all sorts of tools and services, AI systems are expected to have a wide range of uses in a very short period of time.
Source Fool.com
