UBS Forecasts Unprecedented Surge In AI Industry, Predicts 15-Fold Surge In Revenue: 'App Store Moment...Has Arrived'
Portfolio Pulse from Benzinga Neuro
UBS predicts a significant expansion in the AI industry, forecasting a growth from $2.2 billion in 2022 to $225 billion by 2027, a 152% CAGR. AI sector revenue is expected to increase 15-fold, from $18 billion to $420 billion, with a 138% CAGR in the application sector. AI infrastructure spending is also projected to grow, benefiting hardware chips and GPUs used in AI training. Despite concerns over regulatory rhetoric, early rule implementation may be advantageous. The tech industry is experiencing 'peak AI hype,' with investors looking for returns on AI investments.
January 04, 2024 | 8:09 am
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Bitdeer Technologies Group (NASDAQ:BTDR) was mentioned in the context of Q3 earnings highlights, unrelated to the AI industry forecast by UBS. The focus on AI growth does not directly impact BTDR's short-term stock performance.
Although BTDR is mentioned in the article, the UBS forecast for AI industry growth does not pertain to Bitdeer's business directly. The mention of BTDR's Q3 earnings is separate from the AI industry's growth potential and thus has no immediate relevance to BTDR's stock.
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