Generative AI Labeled ‘Fourth Industrial Revolution’ by Wedbush’s Dan Ives

  • Dan Ives from Wedbush Securities refutes the idea that AI is just a hype, viewing it as the onset of the ‘fourth industrial revolution’.
  • This revolution represents major tech advancements like artificial intelligence, autonomous vehicles, and IoT which are expected to remodel the tech space over the next 20-30 years.
  • The rise in AI adoption was largely influenced by the popularity of ChatGPT, OpenAI’s chatbot, due to its ability to generate humanlike responses.
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