"Amazon is not just competing but dominating the market through its AI technology, particularly in its cloud computing and advertising sectors, which are driving substantial revenue growth."
"Meta Platforms quickly adapted to the generative AI trend, shifting focus from the metaverse to AI, resulting in a notable resurgence in growth and profitability."
Apple, valued at $3.7 billion, is currently the second most-valuable company globally. However, Amazon and Meta Platforms are positioned to potentially surpass Apple by 2035 due to their aggressive investments in generative AI. Amazon, while not seen as an AI leader yet, is leveraging its cloud computing dominance and expanding its advertising business, which generates nearly $60 billion annually. Meta has also shifted focus to AI, experiencing significant growth since late 2022, indicating a competitive landscape for Apple in the coming years.
Read at The Motley Fool
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