"Artificial intelligence (AI) is driving the most significant technological shift in the economy since the internet. PwC estimates AI could add $15 trillion to the global economy by 2030. The following companies are meeting growing demand for AI in national defense, data center infrastructure, and digital advertising. Here's why these stocks should be rewarding investments for the next several years."
"AskSage could be a game changer in accelerating the company's growth. It offers a platform that combines AI models and AI agents to perform tasks autonomously and is purposefully built for handling sensitive data. This acquisition provides BigBear with an all-in-one solution encompassing software, data, and services, which management expects will give it a competitive edge in securing more government contracts."
"Governments are budgeting for increased AI spending to address mission-critical national security needs and other operations. BigBear.ai (NYSE: BBAI) is a leader in providing generative AI tools for national security and defense. It's positioning itself to capitalize on this surging demand with its recent acquisition of AskSage. AskSage has been a fast-growing business. Its annual recurring revenue is expected to be six times higher this year than in 2024."
Artificial intelligence represents the largest technological shift since the internet, with PwC estimating a $15 trillion boost to the global economy by 2030. Companies are meeting demand across national defense, data center infrastructure, and digital advertising. BigBear.ai focuses on generative AI for national security and strengthened its offering by acquiring AskSage, a platform combining AI models and agents designed for sensitive data and autonomous tasks. AskSage's annual recurring revenue is projected to be six times higher this year than in 2024, and increased defense funding provides a significant catalyst. Dell leads in servers poised to benefit from AI data center investment. Meta is seeing strong growth from AI-driven advertising.
Read at Aol
Unable to calculate read time
Collection
[
|
...
]