Artificial intelligence (AI) services can help companies analyze data, optimize their businesses, craft targeted ad campaigns, and even pilot autonomous machines and vehicles. That ongoing shift could enable the global AI market to grow at a compound annual rate of 40.2% from 2021 to 2028, according to Grand View Research. But that secular trend can also be confusing, since too many companies rely on AI as a buzzword instead of a business model. So today, I'll simplify that search process for investors by highlighting three reliable tech companies that will likely benefit from the long-term growth of the AI market. Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), the parent company of Google, generates most of its revenue from online ads.
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.
Germany Market Analysis Table 35: German Recent Past, Current & Future Analysis for Artificial Intelligence Analyzed with Annual Revenue Figures in US$ Million for Years 2015 through 2024 (includes corresponding Graph/Chart) 9.4.3 Italy Market Analysis Table 36: Italian Recent Past, Current & Future Analysis for Artificial Intelligence Analyzed with Annual Revenue Figures in US$ Million for Years 2015 through 2024 (includes corresponding Graph/Chart) 9.4.4
Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography. The two major factors enabling market growth are emerging AI technologies and growth in big data espousal.