Blockchain isn’t the only new technology that’s transforming the world we live in — artificial intelligence (AI) is also taking charge as a revolutionary industry in a big way, and its momentum looks set to continue.
Case in point — the global AI market was worth US$136.55 billion in 2022, and it is projected to grow at an impressive compound annual growth rate of 37.3 percent through 2030 to reach US$1.81 trillion.
According to a Grand View Research report, “The continuous research and innovation directed by the tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing.”
AI applications like deep learning, robotics, neurolinguistic programming and querying methods will be at the forefront for growth.
With the AI market poised for significant, transformative expansion over the next several years, here’s a look at five small-cap AI stocks…
