Artificial intelligence (AI) revenue will total $1.2 trillion by 2027, according to a recent report from UBS Global Wealth Management. What's more, UBS analysts believe "AI will be the most profound innovation and one of the largest investment opportunities in human history."

The report breaks the investment opportunity into three layers, as detailed below.

To be clear, the layers are not mutually exclusive, and those estimates explain how UBS believes the AI market will evolve over the next three years. Ultimately, the application layer may create the most economic value, but analysts "see the largest near-term opportunities in the enabling layer."

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Source Fool.com