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Latest News In Cloud AI - AI Market Transformation Drives Growth and Innovation
Reviewed by Simply Wall St
The global Artificial Intelligence (AI) market is set for a significant transformation, with its value projected to soar from USD 371.71 billion in 2025 to USD 2,407.02 billion by 2032. Key drivers of this growth include the increased adoption of autonomous AI technologies, advancements in deep learning and machine learning, and enhanced computing power. Concurrently, the development of edge AI capabilities is promoting real-time data processing and decision-making, vital for sectors such as automotive and healthcare. The rise of AI-as-a-Service (AIaaS) platforms is democratizing AI access, allowing businesses of all sizes to implement AI technologies without requiring deep expertise. In this evolving landscape, the US remains a leader, fueled by a dynamic innovation ecosystem and an agile regulatory framework that fosters growth while promoting responsible AI development.
In other market news, Hexaware Technologies (NSEI:HEXT) was trading firmly up 5.7% and finishing the session at ₹857.50, near its 52-week high. Meanwhile, Jingbo Technology (OTCPK:SVMB) lagged, down 24.2% to end trading at $9.00.
Best Cloud AI Stocks
- Microsoft (NasdaqGS:MSFT) finished trading at $458.68 up 0.3%, near its 52-week high. Two days ago, the company announced a major deal with Barclays for 100,000 AI assistant licenses.
- Apple (NasdaqGS:AAPL) ended the day at $199.95 down 0.2%.
- Alphabet (NasdaqGS:GOOGL) finished trading at $171.86 down 0.3%.
Where To Now?
- Unlock our comprehensive list of 160 Cloud AI Stocks like CCC Intelligent Solutions Holdings, UiPath and Telefonaktiebolaget LM Ericsson by clicking here.
- Seeking Other Investments? Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:GOOGL
Alphabet
Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.
Outstanding track record with excellent balance sheet.
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