Billionaire Paul Tudor Jones Says Artificial Intelligence Will Spark Biggest Productivity Boom in Decades. Here's the AI Stock He Just Bought.
So far this year, Wall Street appears to be turning the corner toward a bull market. Each of the major market indexes has increased by 20% or more from their recent bottom, which some investors view as the main signal for a market change.
A big instigator of the current bullish atmosphere is new advancements in artificial intelligence (AI) and large language models, which led to significant advances in the field of generative AI. These advanced algorithms are generating impressive results, including passing some comprehensive and complex exams that only humans could pass previously. The AI systems can generate original text, artwork, and even music that many are surprised to learn is computer-created.
While business leaders and researchers continue to probe the many ways AI can leverage productivity, the rate of progress seen has captured the attention of some of Wall Street's best and brightest, who are investing notable amounts in hopes of cashing in on the potential of these AI-related companies.
Source Fool.com
