AI Stocks Soar, Chatbots Gain Popularity, Critics Question Potential
AI stocks have taken centre stage among investors, with tech giants like SAP and Microsoft expressing enthusiasm for AI, but specifics on usage and revenue boosts remain scarce. Meanwhile, AI chatbots, offering bias-free and cost-effective communication, have gained popularity, with Microsoft's Copilot, a chatgpt-like service, boasting over 100 million monthly active users. However, not all is rosy in the AI landscape, with critics questioning its potential and some users preferring AI over real relationships.
AI chatbots have emerged as a popular alternative for those seeking judgment-free conversations. They are easily accessible and provide round-the-clock communication at minimal cost. Microsoft's Copilot, a prime example, has amassed around 100 million monthly active users. However, drawing earnings conclusions from such user bases is challenging.
On the investment front, OpenAI co-founder Ilya Sutskever's venture, 'Safe Superintelligence', has raised $1 billion, valued at $32 billion. Yet, concrete results remain elusive. Meanwhile, tech companies like Arista and Huawei are seeing significant sales increases in AI components. Arista's AI infrastructure revenue is projected to grow by up to 80% by 2026, reaching $2.5 billion. Huawei plans to double its advanced AI chip production next year and increase total output to 1.6 million by 2026. The global AI chip market is expected to reach $92.74 billion in 2025, with annual growth rates around 29% until 2030.
Not everyone is convinced by AI's promises. Computer science professor Cal Newport asks, 'What if AI doesn't get much better?' Furthermore, AI chatbots are replacing human relationships, with 19% of US adults having tried them as romantic partners. Some users even prefer AI communication over real relationships, with groups like 'MyBoyfriendIsAI' sharing their experiences.
AI stocks continue to captivate investors, with tech companies expressing optimism. AI chatbots offer accessible, bias-free communication, but their financial impact remains unclear. While AI hardware sales soar, critics question the technology's potential. As AI chatbots replace human relationships, users explore the pros and cons of AI companionship.
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