The buzz surrounding artificial intelligence (AI), sparked by the public launch of ChatGPT in November 2022, remains strong in 2024. According to Cognizant (CTSH), generative AI technology could significantly impact the U.S. economy, potentially boosting productivity by 1.7% to 3.5%, and increasing gross domestic product (GDP) by an estimated $477 billion to $1 trillion annually over the next decade.
As the demand for AI solutions soars across various industries and society, analysts at AllianceBernstein (AB) just backed their preference for two tech giants, Microsoft Corporation (MSFT) and Alphabet Inc. (GOOG), that have already solidified their foothold in the dynamic landscape of AI through relentless innovations.
