AI Stocks Retreat, but the AI Revolution is Firmly Intact
AI Growth is Still in the Early Innings…According to a report by Bloomberg Intelligence, “The generative AI market is poised to explode, growing to 40 billion in 2022. Growth could expand at a CAGR (Compound Annual Growth Rate) of 42%, driven by training infrastructure in the near-term and gradually shifting to inference devices for large language models, digital ads, specialized software and services in the medium to long term.” In other word ...