Nasdaq vice chairman: AI business sector will come from future tech

Without a doubt, artificial intelligence (AI) is changing how we do things. From today's iterations that power apps in your smartphone, to promises of super-intelligent AI in the next few decades, more companies are pushing for integrating AI technology into what they do. All of this means that there could soon be a new AI business sector thanks to an explosion of innovation, according to Bruce Aust, vice chairman of the U.S. stock exchange Nasdaq. Speaking to CNBC at the ongoing Web Summit conference in Lisbon, Portugal, Aust predicts that AI could lead to the creation of completely new industries or sectors. "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," the Nasdaq chief said.