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

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
Rating
Allianz Technology Trust Ord2,690.00 GBX0.37
Alphabet Inc A1,764.13 USD0.01
Amazon.com Inc3,185.07 USD2.15
Apple Inc116.03 USD0.75
Facebook Inc A275.59 USD-0.48
Intel Corp47.05 USD0.09
International Business Machines Corp124.20 USD-0.18
NVIDIA Corp529.39 USD2.14
Qualcomm Inc144.08 USD-1.27
Tesla Inc574.00 USD3.35

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