Artificial Intelligence: The New Impulse For Alphabet

An important shift from a mobile first world to an AI first world Google CEO, Sundar Pichai Investment Thesis The active investments of Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) in the artificial intelligence market, the growth rate of which over the next decade will be four times higher than that of the digital advertising market, increase the long-term investment attractiveness of the company. To begin, let’s take a look at the current growth forecasts for the global Artificial Intelligence (AI) market in the coming decade. Here is information provided by Statista: For a better clarity, I’ve slightly modified these data and projected the trend until the year 2030. Here is what I’ve got: over the next 15 years, this market will be growing at the CAGR of 40%, and in the next 10 years, it will be increasing by an average of 50% each year: Tractica forecast (a market intelligence firm that focuses on human interaction with technology) is a bit more modest, but it still suggests that the annual worldwide AI revenue will grow from $643.7 million in 2016 to $36.8 billion by 2025, demonstrating a CAGR of 49.88%: So, the growth in the next decade at an average annual rate of…


Link to Full Article: Artificial Intelligence: The New Impulse For Alphabet

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!