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By Laila Maidan
Artificial intelligence has been referred to as the fourth industrial revolution. The technology is expected to advance society to the degree that things like the steam engine, electricity and the internet once did.
Wedbush Securities senior equity analyst Daniel Ives, known for his vocal and bullish stance on tech stocks, has referred to AI as “the biggest tech transformation in over 40 years.” He estimates that the global AI market is expected to grow to $407 billion by 2027 and to $1.81 trillion by 2030, at a compound annual growth rate of 36%.
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