3 Top Stocks in Artificial Intelligence
Every day, companies are using more artificial intelligence (AI) in their businesses. From the recommendation algorithms you see on e-commerce or streaming video sites, to fraud detection at major banks, to training doctors and performing breakthrough medical research, AI is driving some of the most exciting innovation in the world today.
From an investor's perspective, the AI industry is so exciting because its products, from software to processors to memory and storage, are becoming essential to every other type of business. As such, the tech leaders serving the AI market seem poised for tremendous growth over the next decade and beyond.
According to IDC, AI-specific spending is poised to more than triple between 2018 and 2022, from $24 billion to $77.6 billion, for a compound annual growth rate of 37.3%.
Source Fool.com
