AI more evolutionary than revolutionary-Morgan Stanley
2023.03.06 10:58
AI more evolutionary than revolutionary-Morgan Stanley
By Ray Johnson
Budrigannews.com – In a note titled “How is AI Set to Change the Tech Landscape…and What’s NEXT?,” a group of Morgan Stanley analysts wrote that the recent acceleration in AI applications is more evolutionary than revolutionary. today.
According to the analysts, “We see accelerating AI-driven tech innovation leading to changes in consumer behavior and new enterprise revenue and productivity enablers across the entire economy.”
Morgan Stanley also compared Apple’s iPhone moment in 2007—which “expanded the mobile landscape and use cases for consumers and businesses”—to the recent surge in AI interest, which was primarily fueled by the ChatGPT launch in November 2022.
Morgan Stanley’s profound jump investigation sees driving tech stages – Google (NASDAQ:), NASDAQ: Microsoft, NASDAQ: Amazon NASDAQ: Meta Platforms Inc., likewise Apple (NASDAQ:) as being in the best position to profit from the ongoing AI mania.
“given the high capital/compute intensity of building/maintaining increasingly complex AI models and the growing importance of scaled, unique data sets,” this group of technology companies is leading the race.
AI, on the other hand, has very high costs as well. Morgan Stanley hopes to see “an expansion in energy and data transfer capacity costs as man-made intelligence responsibility entrance develops.”
AI-linked stocks continue to soar in the interim. C3 simulated intelligence Inc (NYSE:), gained 33.65% on Friday after the company’s management stated on its earnings call last week that business sentiment is undergoing a “dramatic change” compared to mid-2022.
