meteoric growth
How ChatGPT Broke the AI Hype Cycle
According to the Gartner hype cycle, the least amount of time a product takes to hit the'plateau' of expectations is two years. The hot chatbot has shattered all records of a product lifecycle, going through all stages of the cycle within 3 months. Launched in November-end last year, ChatGPT has already been through the innovation trigger, inflated expectations, disillusionment, enlightenment, and is now reaching a mature period of measured expectations, leading to industry adoption. A contributing factor to this might be the bot's meteoric growth, which scaled to 10 million users within 40 days. For contrast, Instagram took almost a year to reach the same milestone.
C3.ai Stock: Meteoric Growth With AI Tailwinds (NYSE:AI)
C3.ai (NYSE:AI) is a leading software company, which provides Artificial Intelligence services to enterprises. The company is poised to ride the wave of growth forecasted for AI. The global Artificial Intelligence (AI) market is forecasted to grow at a meteoric 20.1% CAGR from $387 billion in 2022 to over $1.3 trillion by 2029. C3.ai serves an envious list of large reputable customers from The US Air Force and the Department of Defence, to large energy companies such as Shell & Engie. They have been growing revenues at a 40% CAGR over the past couple of years, while the stock price has declined massively.
- Banking & Finance (1.00)
- Government > Military > Air Force (0.55)
- Government > Regional Government > North America Government > United States Government (0.52)