1 Smart Artificial Intelligence Bet You Can Make Today

A report by IDC, which follows the tech industry, estimates that worldwide spending on artificial intelligence (AI) could increase at an annual pace of 50% through 2021, hitting $57.6 billion in revenue at the end of the forecast period. Several companies are scrambling to integrate AI into their products and services to make sure they don't miss out on this opportunity. For investors in the AI boom, Microsoft (NASDAQ:MSFT) is one such company to consider, thanks to its tangible progress in this space. Here's how AI is impacting Microsoft now, and what it means for the company's future. Microsoft has already started reaping the benefits of AI in areas such as cloud computing and productivity software and services.