Grab the Best AI Stocks Before They Blast Off

The hype around artificial intelligence (AI) is worth it, as it is set to transform every aspect of the global economy, with its impact likely to be nearly as large as, or greater than, the entire US economy. This is according to an article on InvestorPlace, which argues that the emergence of AI technologies will define the next decade. Companies across all industries are racing to create their own AI-powered tools, with machine learning algorithms expected to power product recommendations and pricing dynamics, optimise energy infrastructure, and aid in drug discovery. The World Economic Forum valued the global digital economy at $14.5tn in 2022, but PricewaterhouseCoopers suggests that the AI economy alone will reach $15.7tn by 2030, growing to $40tn under a bull-case scenario. If the global market for AI were to achieve 100% adoption, it could drive global labour productivity to around $200tn.