US Tech Giants Lead the Way in Artificial Intelligence

Investing in AI is complicated as there aren't many pure-play companies, but firms like Google, Amazon and Facebook provide shareholders with access

External Writer 13 November, 2017 | 9:21AM
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Artificial intelligence

There's a heated debate among the tech elite about whether artificial intelligence (AI) will destroy or enhance human life. Tesla (TSLA) founder Elon Musk has been sounding the alarm over AI for months, saying in September that AI will be the cause for World War III. Facebook (FB) founder Mark Zuckerberg, meanwhile, counters that AI will benefit the world.

While it could be decades before we know who's right, the fact that two tech giants are talking so passionately about AI means one thing for investors: this market is going to be huge. According to research published on Statista, global AI revenues are expected to jump from about $2.4 billion today to nearly $60 billion by 2025.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Allianz Technology Trust Ord320.90 GBX0.60Rating
Alphabet Inc A2,905.51 USD-0.64Rating Inc3,431.44 USD1.15Rating
Apple Inc152.42 USD2.40Rating
Facebook Inc A313.26 USD0.33Rating
Intel Corp48.13 USD0.50Rating
International Business Machines Corp125.14 USD-0.02Rating
NVIDIA Corp247.41 USD1.19Rating
Qualcomm Inc132.62 USD1.08Rating
Tesla Inc1,069.82 USD3.08Rating

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