Piper Sandler and other researchers believe that generative artificial intelligence is on the cusp of becoming the next technological revolution, which will have enormous repercussions for both the consumer and commercial sectors.
The analysts believe that the market opportunity might be worth more than one hundred billion dollars, with revenue coming from AI-enabled enterprise applications as well as AI-enabled search advertising.
Many analysts cited the success of ChatGPT as evidence of the potential of the technology, noting that the platform received over 300 million unique visitors in the month of March alone.
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The industry experts pointed out a number of businesses that are likely to profit from the application of generative AI technology. These businesses include Samsung, Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), Oracle (NYSE: ORCL), Nvidia (NASDAQ: NVDA), Arista Networks (NYSE: ANET), Doximity (NYSE: DOCS), DuoLingo (NASDAQ: DUOL), Intuit (NASDAQ: INTU), Snowf (NASDAQ: GTLB), Walmart (WMT), Twitter, Groupon (GRPN)
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