Tech Giants Bet Big on AI as Market Poised for Massive Growth
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Palantir Technologies is seeing growth due to demand for AI and has reported 4 consecutive profitable quarters.
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Apple is investing significantly in AI, may announce new AI products at its developer conference, and is potentially developing home robots.
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Meta Platforms has pivoted to focus heavily on AI across its platforms and plans to have over 900,000 AI chips by end of 2024.
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The AI market is forecasted to grow to $1.3 trillion over the next decade from $40 billion in 2022.
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Analysts see clear winners emerging in the AI space even though it is still early stages.