ChatGPT is kicking off an artificial intelligence revolution , but it's not just big technology stocks that are taking a cue. AI's been in use for years, of course, helping companies improve products, efficiency and their business models. But now the launch of the Microsoft -backed language chatbot ChatGPT has ignited an AI frenzy, triggering speculation among investors and on Wall Street.
mountain Microsoft's year-to-date performance But earnings calls from financial bellwethers, oil giants and industrial behemoths alike all underscore how the push for AI is taking hold in our everyday lives. In turn, don't be surprised to see it affect how we live, sleep and work in the years to come.
mountain Shares rallied 19% in January and 3% so far this month GE isn't alone either. Both Cardinal Health and hospital operator HCA highlighted the use of AI and machine learning in helping customer better manage inventory and purchasing. Even Quest Diagnostics noted how AI can benefit productivity and sampling. Some health companies also view machine learning and AI as tools to assist in areas with doctor shortages or fewer resources.
Wow! It's great to see companies using A.I. to make our lives easier, but it's a little ironic that technology is replacing human jobs.
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