AI Revolution : Microsoft, Tesla, and Meta Platforms are among the most successful exchange-traded fund (ETF) businesses this year. However, if you’re interested in the recent AI surge and want to invest in something other than substantial-tech businesses, you might consider another choice.
We spoke to Rich Lee, an ETF trading expert at Baird, and Todd Rosenbluth, a research expert at VettaFi, about the AI explosion and its effects on diverse industries. They discussed how AI helps numerous businesses.
Are you aware of the massive change? Rosenbluth recently discussed how AI is transforming eCommerce and healthcare on CNBC. It was on “ETF Edge,” if you’re wondering.
Rosenbluth discussed the rise of robotics, a fascinating issue gaining attention. This trend is lifting the Global Robotics and Automation Index ETF (ROBO) and the Global X Robotics & Artificial Intelligence ETF (BOTZ).
Most people assume AI would make industrial and robotics enterprises more efficient, changing the world. 21% more individuals are using ROBO, which means “like, this cool thing,” this year. BOTZ, which is even cooler, has increased by over 34%.
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AI might greatly benefit fintech, a fascinating industry. Rosenbluth believes AI will transform financial technology. It will assist financial advisors and investors in managing large amounts of information.
Lee suggests using these domains in production. Lee explains how adopting AI in our daily work could improve it.
Lee says firms are enthused about automating additional tasks. They want to work faster and better. The apparent response is integrating artificial intelligence (AI) into business operations to maximize its remarkable potential.
In this story, AI is growing in many industries, not only technology. Lee predicts that AI will be employed in many ways beyond what we often consider “AI.”
In fast-changing technology, artificial intelligence is spreading to many domains and creating new methods. It will alter our processes and industries. It will redefine growth.
Our Reader’s Queries
What is the AI revolution?
AI, or artificial intelligence, refers to the exploration of intelligent systems capable of performing tasks that typically require human-level intelligence. As with the previous three industrial revolutions, AI is having a profound impact on productivity.
What is the AI revolution 2023?
As AI continues to become more prevalent in our daily lives, it has become increasingly apparent that governance and regulation are necessary. In 2023, policies and laws were implemented to oversee the development and deployment of AI, with the goal of ensuring that it benefits society and does not cause harm. These measures are crucial in ensuring that AI is used ethically and responsibly.
Is ChatGPT the start of the AI revolution?
To get ready for the future, your company needs to take a cue from ChatGPT. The groundbreaking language model, which brought Generative AI (GenAI) to the forefront, celebrated its one-year anniversary last week. ChatGPT’s rapid rise to fame caught many businesses off guard.
How far are we from the AI revolution?
Experts in the field of artificial intelligence have made bold predictions about the future of technology. Vinge foresaw the emergence of intelligence surpassing human capabilities between 2005 and 2030. Yudkowsky predicted a singularity in 2021, while Kurzweil estimated that human-level AI would be achieved by 2029, with the singularity occurring in 2045. Kurzweil has since reaffirmed his predictions in a 2017 interview. These forecasts highlight the rapid pace of technological advancement and the potential for groundbreaking developments in the near future.