ChatGPT will spark an AI arms race between Microsoft, Google, and other tech giants as they rush to capitalize on a $800 billion market opportunity, Wedbush says
Artificial intelligence will be worth a whopping $800 billion to businesses over the next 10 years, and Big Tech companies will spend aggressively to capture as much of that as they can, Wedbush says.
"This battle will be a long one over the next decade as we expect other technology companies besides Google , such as Apple, Meta, and other tech stalwarts along with smaller players in the industry, to collectively spend billions in this AI arms race over the coming years," he said in a research note seen by Insider.
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