WASHINGTON: Artificial Intelligence (AI) is set to power the second major revolution in the internet, better known as the Information Superhighway, with major tech companies pouring billions of dollars into research to make what was science fiction yesterday a reality today. The AI-powered market could exceed $1 trillion by 2026 with applications across a wide spectrum of industries from healthcare to automobiles to manufacturing processes.
ChatGPT probably kicked off the AI revolution in the next stage of the internet through OpenAI. But the information superhighway now needs a major expansion, technology publications say.
AI has triggered a new tech boom that will make the boom in internet stocks in the 1990s look tame.
The AI investing cycles generally begin with build outs on hardware first, very similar to the internet in the 1990s.
Amazon, Microsoft, Google, Meta and other tech firms are expected to spend $250 billion in hardware over the next year, says Colin Tedards, Editor, The Bleeding Edge. (IANS)