Bill Gates recently highlighted the revolutionary potential of artificial intelligence (AI), drawing parallels to the impact of mobile phones and the internet on society and wealth creation. Morgan Stanley anticipates generative AI revenues could skyrocket over 600% to approximately $1.1 trillion by 2028. Companies like AppLovin, which specializes in adtech and is leveraging AI for targeted advertising, stand to benefit substantially. AppLovin's impressive financial performance and strategic divestitures underscore its positioning in the growing AI market, making it a compelling option for investors looking to capitalize on future technological advancements.
AppLovin's decision to divest its mobile games portfolio for $800 million is strategic, allowing it to focus on expanding its adtech capabilities and AI-driven solutions.
Morgan Stanley estimates the generative AI market could reach $1.1 trillion by 2028, with several companies like AppLovin positioned to capitalize on this growth.
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