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IDC estimates that the global artificial intelligence (AI) market is on track to generate $327.5 billion in revenue in 2021, a jump of 16.4% over last year. The research firm anticipates that spending on AI-related hardware, software, and services could increase at an annual rate of 17.5% through 2024 and hit $554 billion in revenue. There are several ways investors can tap into this massive opportunity, as there are a plethora of artificial intelligence stocks out there to choose from. However, Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD), and Micron Technology (NASDAQ:MU) look like three of the best stocks investors can buy right now to benefit from the massive AI opportunity. Apple gets most of its revenue from selling hardware products such as the iPhone, the iPad, MacBooks, wearables, smart-home devices, and other accessories. These product lines produced nearly 78% of Apple's revenue in the fourth quarter of fiscal 2021, with the services business accounting for the rest.
There is mounting public concern over the influence that AI based systems has in our society. Coalitions in all sectors are acting worldwide to resist hamful applications of AI. From indigenous people addressing the lack of reliable data, to smart city stakeholders, to students protesting the academic relationships with sex trafficker and MIT donor Jeffery Epstein, the questionable ethics and values of those heavily investing in and profiting from AI are under global scrutiny. There are biased, wrongful, and disturbing assumptions embedded in AI algorithms that could get locked in without intervention. Our best human judgment is needed to contain AI's harmful impact. Perhaps one of the greatest contributions of AI will be to make us ultimately understand how important human wisdom truly is in life on earth.
The world never changes quite the way you expect. But at The Verge, we've had a front-row seat while technology has permeated every aspect of our lives over the past decade. Some of the resulting moments -- and gadgets -- arguably defined the decade and the world we live in now. But others we ate up with popcorn in hand, marveling at just how incredibly hard they flopped. This is the decade we learned that crowdfunded gadgets can be utter disasters, even if they don't outright steal your hard-earned cash. It's the decade of wearables, tablets, drones and burning batteries, and of ridiculous valuations for companies that were really good at hiding how little they actually had to offer. Here are 84 things that died hard, often hilariously, to bring us where we are today. Everyone was confused by Google's Nexus Q when it debuted in 2012, including The Verge -- which is probably why the bowling ball of a media streamer crashed and burned before it even came to market.
A staff member displays a DJI Phantom 3 4K drone during CES (Consumer Electronics Show) in Las Vegas, Nevada. It may come as a surprising fact that there are now 14 Chinese AI companies valued at $1 billion or more. These unicorns are worth a combined $40.5 billion, according to a report China Money Network recently released during the World Economic Forum's Summer Davos gathering in Beijing. Just to put these numbers in perspective. Google bought DeepMind for over $500 million in 2014. Chinese voice recognition giant iFlytek Co. has a market capitalization of 63 billion yuan ($9.2 billion). Chinese AI startups raised $27.7 billion via 369 VC deals in 2017, according to a recent report from Tsinghua University. So naturally, it raises questions on if there is a bubble waiting to pop in the Chinese AI space. How could these companies, with an average age of less than five years, be worth so much money?
An Israeli startup behind one of the world's most expensive phones has unveiled its latest device, which it hopes will simultaneously revolutionise smartphones and deliver cryptocurrency to the masses. In contrast to its predecessor, the new device aims to reach as wide an audience as possible with a more modest price tag of $1,000. It is unique both in terms of its software and hardware, having ditched the monolithic slab design adopted by most modern-day smartphone manufacturers. A twist to this ubiquitous design means the introduction of a hidden screen that slides up from behind the Finney's main display to reveal a cold-storage cryptocurrency wallet. "We're blockchain enthusiasts," Nimrod May, Sirin Labs' chief marketing officer, tells The Independent.
Back when smartphones were first introduced, mobile data was less than one-tenth of carrier revenue. Now that smartphones have all but taken over the world, Morgan Stanley is betting that an even bigger disruption will come from the introduction of data-hungry autonomous vehicles. The bank estimates the connected-car revolution could net cell phone carriers more than $1 trillion annually. But getting there won't be easy - it will take significant investment by telecom services companies, tower providers, and other communications infrastructure providers - to shore up the grid in order for data-hungry cars to take the road. "The list is populated irrespective of specific 12-month recommendations and so includes some Underweight-rated names, in addition to M Equal-weight and Overweight-rated names," the bank said.
By Stefan Nicola and Joe Mayes Mobile World Congress, the wireless industry's biggest conference, begins next week in Barcelona, where more than 100,000 people are set to see the latest smartphones, artificial intelligence devices and autonomous drones exhibited by roughly 2,300 companies. The event is also the industry's largest networking opportunity for executives, bankers, analysts and the like to talk shop -- and potential deals. Here are the big themes likely to dominate the event: Samsung to Sony in device battle MWC has long been a venue for companies to show off their latest mobile devices and vie for consumer attention. This year, Samsung is back to unveil its latest flagship phone, widely expected to be the Galaxy S9. Sony created buzz when it posted a video on Twitter last Sunday for what looks like it could be a new Xperia device with curves, and gadget blogs such as Wired have speculated whether foldable phones will make their debut this year.
The transformation of BlackBerry from a bombed-out, loss-making smartphone maker to a new-look software firm appears to be working: the Canadian business has reported better-than-expected quarterly profits, boosting its shares by more than 12%. The company, which was famous for its tiny keyboard phones and in 2010 had more than a third of the US smartphone market, was almost driven to extinction by the iPhone. By 2016 it had less than 1% of the US market. Thousands of workers were laid off as losses mounted and the business eventually gave up making phone handsets and decided to reinvent itself as a software and services specialist selling to large corporations. In its profits update on Thursday the company said sales at its high-margin software unit had hit a record and the outlook for the rest of the year was robust, boosting investor confidence in its turnaround strategy.
Apple's stock market value is heading towards a new milestone and its latest product launch on 12 September could push the tech giant closer to becoming the first ever $1tn (£760bn) company. At the end of last week, the company's market capitalisation hovered around $830bn, continuing a 10-year run that has generally headed upwards since a low of $69bn in January 2009, during the financial crisis. Tuesday's event, with the iPhone 8 the star attraction, will strive to meet investors' – and customers' – vaulting expectations. But what will Apple tempt users with to justify Wall Street's faith in its future profits? An Apple spokesman declined to discuss what will be revealed at the event in the company's $5bn, spaceship-shaped Cupertino headquarters.
For investors trying to understand the opportunity and the size of the market, a report from Statista says that, "In 2017, the global AI market is expected to be worth approximately 1.25 billion U.S. dollars. Some current major uses of artificial intelligence include image recognition, object identification, detection and classification, as well as automated geophysical feature detection. The largest proportion of revenues come from the AI for enterprise applications market." Featured Company: Gopher Protocol, Inc. (OTCQB: GOPH) is a development-stage company developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. The Company has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software.