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Artificial Intelligence: Signs Of Acceleration In 2023

  • 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, (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.

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