You may not be aware, but artificial intelligence is all the rage these days. yes!
This flashy buzzword is beginning to show the fruits of all the hard work over the last few decades.
Since 2011, startup growth in this space has grown by 50% annually. Trials, fundraising, failures and successes are all turning into real value. We’ve seen OpenAI’s ChatGPT take the world by storm. Notion has released an AI essay planning tool.
Generative art wonders are proliferating in app stores. Canva announced an automatic presentation creator, but there’s a lot more going on.
Remember, AI is already embedded in our daily lives. Google searches, social discovery pages, and GPS are all results from AI-based systems.
Potential Investment Impact
The potential investment impact of AI will vary greatly depending on how the technology is used and which industries it ultimately applies to. Here are some (in our opinion):
- Businesses are using AI to improve their products and services. Think of humans like chatbots for customer support.
- It can be found in industries such as transportation (driving assistance), manufacturing (generative design), and healthcare (DNA matching).
- Companies don’t just build their businesses, they fine-tune them. AI can help improve operational efficiency and reduce costs.
twitter: @_Sean David
The author or his company may have positions in the securities mentioned at the time of publication. All opinions expressed herein are those of the author and do not represent the views or opinions of any other person or entity.