Artificial intelligence is on track to dramatically alter the way world we live in. Here's how Bank of America recommends playing it.
Just like the internet and the smartphone, artificial intelligence could dramatically alter the world we live in. And, Bank of America has some pointers for investors looking to play this burgeoning trend revolutionizing the tech industry. "If data is the new oil, then AI is the new electricity," wrote equity strategist Haim Israel in a Tuesday note to clients, saying that the "iPhone moment" for AI has arrived.
mountain Meta Platforms shares have risen nearly 45% in 2023. "Meta's large user base should attract content creators, and we believe Meta has opportunity to develop superior content & targeting capabilities vs peers," he wrote. Another potential AI winner on both the commercial and government side is Palantir . Analyst Mariana Perez Mora called data the "new bullets" that can help national security agencies better defend against threats.
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