Artificial intelligence (AI), which has been the talk of the town in investing circles lately, is poised to reach $1.8 trillion in market size by the end of the decade. It is catalyzing major transformations across various business sectors. But it is not just semiconductor and software firms hogging the limelight – plenty of companies in other industries are cashing in on AI's potential too. Winslow Capital Management’s CEO and CIO, Justin Kelly, hinted that beyond the apparent winners, there could be other companies benefiting from AI – those using the technology to outshine competitors, even if they are not traditional tech firms.
Once limited to sci-fi movies, AI-driven robotics – a market anticipated to reach $214.6 billion by 2030 – is revolutionizing healthcare, boosting accuracy and efficiency. Intuitive Surgical, Inc. (ISRG) stands out in the field, crafting surgical robots for over two decades, and is now leading the charge in the minimally invasive surgery (MIS) market by actively incorporating AI.
