The artificial intelligence (AI) revolution extends far beyond chatbots and automation to fundamentally restructure information processing, decision-making, and infrastructure development. According to International Data Corporation, total global spending on AI could reach $500 billion in 2024. However, capturing this potentially once-in-a-lifetime investment opportunity requires understanding how each segment of the AI value chain enables and amplifies the next.
This comprehensive view of the AI value chain, from the foundational computing power to the transformative applications, provides important context for investors to assess the broader impact and strategic implications of the AI revolution.
So let’s dive deeper into the foundational elements of the AI revolution, from processing power to algorithm development to real-world applications. Identifying the innovators and leaders within each layer of the value chain will equip investors with the insights needed to capitalize on this technological transformation. And for those seeking broader exposure, we’ll also explore the 10-leading AI-themed exchange-traded funds (ETFs) that could provide diverse and efficient ways to invest in this burgeoning space.
This post originally appeared at The Motley Fool.