For much of the last 19 months, the bulls have been in control on Wall Street. All three major stock indexes have catapulted to multiple record-closing highs this year, with the rise of artificial intelligence (AI) being the primary catalyst.

The excitement surrounding AI has to do with the capacity for software and systems to learn over time without human intervention. This machine-learning ability should allow AI-driven software and systems to become more proficient at their assigned tasks and learn new skills, thus giving the technology utility in most sectors and industries.

Although estimates vary wildly for AI, the analysts at PwC released a report last year (Sizing the Prize) claiming the technology could add $15.7 trillion to the global economy via increased production and consumption-side benefits, by 2030.

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Source Fool.com