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Big Tech and Emerging Players Lead the Charge in $1 Trillion AI Revolution

Newswire.ca - Tue Aug 20, 10:53AM CDT

USA News Group Commentary Issued on behalf of Scope AI Corp.

VANCOUVER, BC, Aug. 20, 2024 /CNW/ -- USA News Group – The race to dominate the artificial intelligence (AI) space continues to heat up, with Goldman Sachs recently asking the question "Will the $1 trillion of generative AI investment pay off?". According to Goldman Sachs Asset Management portfolio managers, their confidence continues to increase that this technology cycle is indeed real. It's a global phenomenon, with Brazil recently proposing a $4 billion AI investment plan of its own. Big tech is banking on this AI boom as infrastructure spending indeed nears the $1-trillion mark. However, it's not just the silicon valley behemoths making waves, as several tech developers with AI interests are turning heads with big strides of their own, including developments from Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), SAP SE (NYSE: SAP), Credo Technology Group Holding Ltd. (NASDAQ: CRDO), Upstart Holdings, Inc. (NASDAQ: UPST), and Broadcom Inc. (NASDAQ: AVGO).

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