A.I. could produce 'a new sector that we probably don't know about yet,' Nasdaq vice chair says

Firms exploiting the potential of artificial intelligence (AI) could spawn a completely new sector, the vice chairman of U.S. stock exchange Nasdaq said Tuesday. "I think AI is really going to be the technology behind a lot of these great companies that provide the innovations that will be a new sector we probably don't know about yet," Bruce Aust told CNBC at the Web Summit conference in Lisbon, Portugal. Aust highlighted self-driving cars as an example of companies utilizing AI technology to create an entirely new market. "You look at autonomous vehicles, things like that, they really do use a lot of artificial intelligence too. So I think we're excited about the early stage companies that are here, and we hope that eventually they'll come to market and list on Nasdaq one day."