April 12, 2024

State of the AI ​​business after a great first quarter run for Meta, Amazon and others

Morning traffic outside Meta headquarters in Mountain View, California, USA, November 9, 2022.

Peter Dasilva | Reuters

As the second quarter begins, we take stock of AI trading. While returns have been strong in 2024, we think there is still room to run. There are two reasons underlying our belief: Artificial Intelligence adoption is still in its infancy, and companies are still researching and figuring out the possible use cases of AI and how to monetize it.

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