Artificial intelligence will be a catalyst for big tech stocks in the next five years, according to Bank of America. The sector has been beaten down in 2022 thanks to macro factors, including inflation and rising interest rates. The tech-heavy Nasdaq Composite is down 25% this year, compared with the S & P 500 's nearly 12% drop.
The Google parent's UK-based AI research lab, DeepMind Technologies, is responsible for its general-purpose artificial intelligence technology, including Google Assistant and personalized app recommendations in Google Play. Alphabet has also used DeepMind to improve power efficiency in its data centers, he said, noting that DeepMind's revenue more than tripled from 2019 to 2020. AI also plays an important role in search and YouTube.
Yep. Prepare for the influx of DNC and government bots all over social media to protect the narrative. Apparently even internet shills are being replaced with computers now. We will all be arguing with computer programs
AI isn’t worth investing in because they’ll never truly make an AI. It’s science fiction!