It’s hard not to notice that almost all of us use devices relying on AI on a daily basis. The AI industry has been on a rapid ascent for years now, but does this mean it’s a good idea to start investing in artificial intelligence?
Or, have you already missed the best opportunities?
If you’re evaluating the AI market for potential investment opportunities, the points in this article will give you some insight into the future of the AI market. And, if you’re looking for an investment company, companies like IW Capital can provide investment opportunities for investors.
This is what you want to hear about a market you’re considering investing in. Booming might even be an understatement, according to PwC the AI market is forecast to hit $15.7 trillion globally by 2030.
AI is used by companies in almost all industries. There’s momentum behind new AI technologies and the savings it presents to companies. As of now, it’s firmly believed that momentum will continue and the growth will keep on an upward curve.
It feels like the world is waiting with bated breath for self-driving vehicles, and AI plays a pivotal role in the development and release of these vehicles.
By 2040, it’s estimated that 16% of all new vehicles being sold will be self-driving. You don’t have to invest directly in one of the companies behind autonomous cars. It’s just another example of the security when investing in the AI industry.
There has always been a concern that advancements in AI will eventually lead to computers pushing people out of their jobs. We’ve already seen the impact of that in some industries, but interestingly it’s estimated that the AI industry will create more jobs than it’s absorbed within the next 5 or so years.
This is another example of how the AI industry as a whole is growing exponentially. With more investment in human capital, AI technologies can advance faster which will return a higher ROI on investments.
Cloud solutions have been on the increase for some time, and it doesn’t look like slowing down anytime soon. Some of the largest companies in the world, like Amazon, Apple, and Microsoft all host a number of their products and services on the cloud.
AI and machine learning are crucial to how we interact with the cloud and access the services hosted on the cloud. With cloud usage set to increase year-on-year, it’s another vote of confidence that any investment in the AI industry will also appreciate.
AI is all around us every day, there’s a good chance you rely on it and it’s improved the quality of your life. It’s also as good as guaranteed that the AI industry is going to continue growing at a rapid rate.
If you’re an investor looking for opportunities, the only difficulty is deciding where to invest in the AI market.