These two major tech companies, Nvidia and Microsoft, are leading the way in the field of artificial intelligence (AI). The increasing investment in AI has made it a popular trend, with the potential for significant economic gains in the future. PwC estimates that global productivity could be boosted by AI adoption, contributing $15. 7 trillion to the world economy by 2030. Both Nvidia and Microsoft have seen their stock prices rise rapidly as they play a crucial role in advancing AI technology. Potential investors looking to build a valuable portfolio should consider adding these tech giants due to their dominance in the AI market and their potential for future growth.
Nvidia's strong position in the AI chip market, with a potential addressable market of $1 trillion by 2030, and Microsoft's increasing demand for AI solutions, particularly in their Azure cloud business, make them attractive investment options. The global cloud AI market is projected to reach $396 billion in 2029, providing significant growth opportunities for Microsoft. Analysts expect Microsoft's revenue to grow by 15% in the current fiscal year, fueled by the traction of its AI business. Overall, both Nvidia and Microsoft have the potential to deliver substantial gains in the future through their involvement in the AI space.
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Google's DeepMind, a prominent artificial intelligence research lab, has introduced a groundbreaking AI system called AlphaCode that demonstrates the capability to write computer code at a level comparable to human programmers.
During a House Committee on Foreign Affairs hearing today, witnesses cautioned lawmakers that permitting China to buy advanced U.S. artificial intelligence (AI) chips would pose significant national security threats.
Hospital issues warning after fake videos claiming doctor endorsements 1 day ago Victoria Cook, London A hospital trust in south London has raised an alert following the circulation of fraudulent videos online falsely claiming that its staff endorse weight loss products
Vista Social, a leading social media management platform, has announced a significant advancement by integrating ChatGPT technology to greatly enhance content creation and user engagement capabilities.
Analyst’s Disclosure: I/we do not hold any stock, option, or similar derivative positions in the companies mentioned, nor do I/we intend to initiate such positions within the next 72 hours.
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