AIO - AIQ: Has Generative AI Peaked?
2024-05-14 00:15:52 ET
Summary
- Generative AI has gained significant attention and is being used by major tech companies like Google, Microsoft, and OpenAI.
- The Global X Artificial Intelligence & Technology ETF has outperformed the S&P 500, driven by the hype around generative AI.
- Forecasts suggest that the global AI market could increase 300x by 2032, but generative AI is experiencing diminishing returns.
- This article covers evidence of this plateau and how AI is expected to perform moving forward.
Introduction
Since the public introduction to ChatGPT in 2022, generative AI has been in the public consciousness nonstop. These AI bots are now all over the place. Google introduced Gemini and Bard, Microsoft introduced Bing, and OpenAI's ChatGPT is now merged with DALL-E so that its 4th version can now produce images in seconds. These kinds of AI are large language models ("LLMs") and operate in a way that has captured significant attention from the public and investors.
This hype has translated into stock market gains, and funds like the Global X Artificial Intelligence & Technology ETF ( AIQ ), which has outperformed the S&P 500 since inception....
AIQ: Has Generative AI Peaked?