The launch of OpenAI’s ChatGPT on November 30, 2022, marked a pivotal moment in AI history, igniting a transformative tech wave. After decades of stagnation, AI surged, propelling companies like Nvidia into the forefront of innovation, evolving from gaming GPUs to essential AI processors, valued at over $5 trillion. This shift catalyzed a $100 billion+ investment trend in AI infrastructure, significantly impacting GDP growth and spurring a geopolitical “AI Space Race” between the US and China. Major players in the S&P 500, including Nvidia and Microsoft, saw substantial gains, accounting for nearly half of the index’s growth since ChatGPT’s release. Despite concerns about sustainability, AI investment continues to drive stock market rallies, reinforcing its dominance as the central theme of the current bull market. As we reflect on three years of AI advancements, the journey has just begun, with the potential for further disruption and growth in the tech landscape.
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