- The two biggest categories comprising the level of AI investment recently have been “Merger/Acquisition” and “Private Investment.”.
- There is little question that the first four months of 2023 have seen a massive focus on AI, and a massive focus usually leads to at least some hype and some risk of near-term overvaluation.
- For those investors thinking about the topic but having some concerns about near-term hype, we have noted the WisdomTree Artificial Intelligence & Innovation Fund because it takes a diversified approach to the broad AI ecosystem rather than a narrow focus on more singular AI activities
When Amazon’s CEO makes such a statement, we pay attention. In 1997, Amazon.com (AMZN) had revenues of $147.8 million—in 2022, this figure was $434 billion for Amazon’s consumer business. Amazon Web Services was conceptualized in 2003, with the first services launched in 2006, and in 2022 generated $80 billion in revenues.
When Amazon’s CEO writes an entire letter on large language models—they are that transformative—we’ll look forward to reading that letter in the future!
You can read more eCommerce news…
What’s Driving US eCommerce Growth in 5 Charts
E-Commerce Of Agricultural Products Market 2023