How to Invest in AI

Investors wanting to know how to invest in AI should consider these companies that stand to benefit from the boom.

digitally generated image of multi-colored gear wheels in the shape of a brain
(Image credit: Getty Images)

Artificial intelligence is already writing our kids' essays, driving cars, producing new computer programs and helping scientists seek cures for cancer. It also promises lower costs and bigger profit margins for millions of businesses. 

By 2030, a new report from the consulting firm McKinsey predicts AI could increase global productivity by more than 3%, adding trillions to the world's wealth. Microsoft (MSFT) founder Bill Gates, who knows a thing or two about technology, calls AI a "revolutionary" development that will likely soon "be able to do everything that a human brain can, but without any practical limits. This new technology can help people everywhere improve their lives."

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Kim Clark
Senior Associate Editor, Kiplinger's Personal Finance

Kim Clark is a veteran financial journalist who has worked at Fortune, U.S News & World Report and Money magazines. She was part of a team that won a Gerald Loeb award for coverage of elder finances, and she won the Education Writers Association's top magazine investigative prize for exposing insurance agents who used false claims about college financial aid to sell policies. As a Kiplinger Fellow at Ohio State University, she studied delivery of digital news and information. Most recently, she worked as a deputy director of the Education Writers Association, leading the training of higher education journalists around the country. She is also a prize-winning gardener, and in her spare time, picks up litter.