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…
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Artificial Intelligence: The New Impulse For Alphabet
