On Friday, October 31, shares of tech giant Amazon.com, Inc. (AMZN) boosted the market after it reported strong quarterly earnings, with the tech-heavy Nasdaq increasing by 0.61%.
Jeff Bezos noted that one breakthrough technology would shape Amazon’s destiny, surprising even Wall Street’s biggest analysts. A year later, Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
Generative AI is a “once-in-a-lifetime” technology.
At the 8th Future Investment Initiative conference, Elon Musk predicted significant growth in humanoid robots, estimating at least 10 billion by 2040, priced between $20,000 and $25,000, potentially worth $250 trillion by 2040.
Author's summary: Top stocks perform well with AI tech.