Group of Big Tech companies known as 'Magnificent Seven' get big 2023 lift from AI

Group of Big Tech companies known as 'Magnificent Seven' get big 2023 lift from AICredit: The Business Journals

The Business Journals

4 months ago

Indeed, as of the first quarter of 2022, the five FAANG companies had a combined market capitalization of more than $7 trillion. Fast forward one year, and FAANG has been deleted by the investment in and the algorithms of generative artificial intelligence.

Trained AI Editor

According to a report published by Goldman Sachs, the 'Magnificent Seven' – Apple, Amazon, Alphabet, Microsoft, Facebook, Alibaba, and Tencent – are expected to benefit significantly from the growth of AI in 2023. The report projects that these companies will enjoy a combined market capitalization of $10.1 trillion by that year, with AI applications in areas such as healthcare, finance, and e-commerce driving revenue growth. Goldman Sachs also predicted that AI-related spending would add an estimated $8 trillion to the global economy by 2030, of which the 'Magnificent Seven' would be major beneficiaries.

Read all headlines

What is Landindex?

Landindex is the world’s most trusted and accurate source for Metaverse market information, pricing, and data, including Metaverse analytics, Metaverse land price, Metaverse floor price, and Metaverse statistics. Landindex is a U.S. company registered in the United States of America. Landindex has been the premier price-tracking website for Metaverse sales and acquisitions, including those in the Metaverse. It is the most referenced and trusted source for comparing thousands of land properties, including those within Metaverse, in the real estate space by users, institutions, and media. Landindex firmly stands for accurate, timely, and unbiased information, enabling each end user to draw their own informed conclusions from Landindex data, including Metaverse analytics, Metaverse land price, Metaverse floor price, and Metaverse statistics.

what is metaverse metaverse analytics metaverse land in today Best metaverse analytics metaverse analytics how to buy metaverse land metaverse metaverse nedir metaverse en iyi metaverse projeleri Analytics in the Metaverse What You Should Know What is Metaverse Analytics? How can I analyze metaverse land in 2023-2024? The Metaverse: What Is It? The Metaverse: What Is It? 2023-2024-2025-2030 Metaverse Land Investing otherdeed analytics What Is the Metaverse Exactly? The Metaverse. What is it ? Metaverse Metaverse land Metaverse Investing Metaverse Youtube metaverses potential value america Binance Announces Exit from Russia metaverse land What is the Metaverse? An Explanation and In-Depth Guide Metaverse github chainlink price prediction october 2023 good investment