The companies that will take over the artificial intelligence development market are named

The British multinational bank Barclays has named 10 global tech giants that will eventually become hegemonic in the artificial intelligence market. The financial company’s experts believe that these corporations have «unique advantages» that will help them «compete in a world where AI is becoming more widespread.»

Barclays mentioned Amazon, Microsoft, Alphabet, Facebook, Alibaba, Tencent, Baidu, Shopify, Adobe, and Salesforce. The analysts emphasized that these companies not only use AI to improve their products and services but also create platforms for other developers and customers to use their advanced solutions.

The bank’s representatives also warn that AI is not a panacea for all business problems. The financiers emphasize that investors should be wary of companies that simply label themselves as AI without a real technological, financial, and marketing strategy or competitiveness. Barclays stated: «AI is more of a tool for efficiency and innovation than an industry in its own right.»

The British bank expects the AI market to grow from $ 300 billion in 2025 to $ 500 billion in 2030. By the way, in 2020, the market of advanced technologies was worth $ 156 billion. The company believes that AI will have a significant impact on the healthcare, education, finance, retail, and manufacturing sectors.

Earlier, OpenAI developers expressed a similar opinion: they believe that artificial intelligence will affect 80% of professions in almost all industries. According to their estimates, AI will have the greatest impact on data processing services, logistics, publishing, and insurance companies, and the least on food production, woodworking, agriculture, and agriculture.