UBS analysts predict massive growth in AI market, with investment opportunities across sectors.

From Investing.com: 2024-06-22 03:01:04

The launch of ChatGPT in November 2022 accelerated AI adoption, attracting significant investment and technological advancements across all sectors. UBS analysts predict massive growth in the AI market, estimating annual revenues exceeding $1 trillion in the next decade. Investment opportunities lie in the enabling, intelligence, and application layers of the AI value chain. Microsoft’s GitHub Copilot, for example, generated over $100 million in revenue in 2023 with 1.3 million users. Strategists see the most potential in the enabling layer for near-term profitability.



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