FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., March 23, 2023 /PRNewswire/ -- Artificial Intelligence (AI) has become ubiquitous in the past several years. There is not a part of our businesses, cultures, governments and consumer markets. The continuous research and innovation directed by tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing, staffing and education.  Technology has always been an essential element for these industries, but artificial intelligence has brought technology to the center of organizations. For instance, from self-driving vehicles to crucial life-saving medical gear, AI is being infused virtually into every apparatus and program. A report from Grand View Research projected that the global artificial intelligence market size was valued at USD 136.55 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030.  The report said: "Software solutions led the market and accounted for more than 36.7% of the global revenue in 2022. This high percentage can be attributed to prudent advances in information storage capacity, high computing power, and parallel processing capabilities to deliver high-end services. Furthermore, the ability to extract data, provide real-time insight, and aid decision-making, has positioned this segment to capture the most significant portion of the market. Artificial intelligence software solutions include libraries for designing and deploying artificial intelligence applications... The need for enterprises to understand and analyze visual content to gain meaningful insights is expected to spur the adoption of artificial intelligence software over the forecast period.   Active companies in the markets this week include ShiftPixy, Inc. (NASDAQ: PIXY), NVIDIA (NASDAQ: NVDA), C3 AI (NYSE: AI) Intel Corporation (NASDAQ: INTC), Advanced Micro Devices, Inc.  (NASDAQ: AMD).