Keep an eye on tech giants, like Microsoft (MSFT) – especially with the generative AI boom.
Generative artificial intelligence (AI) is set to transform just about every industry, every business, and every person moving forward. In fact, according to Raconteur.net, “Generative AI could have truly transformative capabilities in accelerating time to market in key research and development sectors, including health and life services and transportation.”
“The potential is huge,” says Phil Le Brun, enterprise strategist and evangelist at AWS. “Imagine pharmaceutical companies accelerating the design of gene therapies, borrowers having rich conversational experiences with mortgage providers that quickly approve their loans, or everyone everywhere gaining opportunities through broadening access to ongoing knowledge and educational pathways.”
Even more exciting, according to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – could grow twenty-fold by 2030 to more than $2 trillion. Even Goldman Sachs says generative AI could drive a 7% (or almost $7 trillion) increase in global GDP and lift productivity growth by 1.5 percentage points over a 10-year period.
