Which Companies Will Monetize Artificial Intelligence (AI) First? Here's Where Meta, Alphabet, and Amazon Stand.
Technology companies are pouring investment into artificial intelligence (AI) these days -- and for good reason. AI has the potential to streamline many of a company's daily tasks, so that company could considerably lower costs and increase efficiency. The technology also represents a significant revenue stream for businesses that build AI products and services to sell to others. Finally, those that invest now could win big down the road since the AI market is forecast to reach more than $1 trillion by the end of the decade.
Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), and (NASDAQ: GOOG) (NASDAQ: GOOGL) each have been vocal about their focus on AI -- and all three aim to become leaders in the field and generate an enormous level of revenue thanks to this smoking-hot technology. But which of these three will monetize the investment first? Let's find out where each one stands.
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Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
On the other hand, the target price of 161 € is below the current price of 163.1 € for Alphabet Inc. C, so the potential is actually -1.29%.
