Breyer Capital founder and CEO Jim Breyer joined CNBC's "Squawk Box" last week to discuss the practical applications of artificial intelligence. The venture capitalist named two companies he believes are positioned to reap the benefits of widespread AI adoption.
Breyer highlighted healthcare applications, particularly drug discovery and development, as some of the most significant use cases for AI. Breyer noted that advanced healthcare-focused AI applications, including imaging and data optimization, require high-end hardware from Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD).
Breyer On NVDA: Breyer touted Nvidia as an "underappreciated AI story" in early 2023 ...