Microsoft co-founder Bill Gates knows well the transformative power of technology: he played a crucial role in making personal computing accessible to millions of people through his company’s software. And as Microsoft helped bring computers into homes and businesses, transforming industries at every level, it also led it to one of the richest people in the world.

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Now, Gates has identified something he believes could have an even bigger impact: artificial intelligence.

During a recent appearance On “The Late Show with Stephen Colbert,” Gates made a bold statement about AI, saying, “It’s the first technology that has no limits. »

Gates explained how AI stands out from previous inventions, saying: “When you invent a tractor or even a cell phone, you kind of understand how it’s going to change life. Here, where AI is very intelligent, and when put into robotic form, it can do many blue-collar and white-collar jobs. He added that AI has the potential to do “really good” things, like providing personal tutoring to children and improving access to healthcare.

As AI continues to transform industries, businesses are increasingly adopting AI-based solutions to improve efficiency and innovation. For investors, this represents an exciting opportunity. Here’s a look at three AI stocks positioned to benefit from this transformative shift: Wall Street already sees major upside potential for this trio.

For many, the recent surge of interest around AI was sparked by the release of ChatGPT in late 2022, and Gates shares a similar experience.

“Two years ago, when I first saw this GPT Cat, it was pretty mind-blowing, because it happened all of a sudden,” Gates told Colbert.

He expressed amazement at ChatGPT’s ability to learn from large amounts of information and provide 24/7 support, comparing it to “your 24/7 mental health counselor.” » or to a personal tutor offering instant feedback.

While OpenAI, the company behind ChatGPT, remains private, Microsoft – the very company Gates co-founded – has invested nearly $14 billion in it. According to The Wall Street Journalthe two companies “face off in a high-stakes negotiation” over how much equity Microsoft should have when OpenAI becomes a for-profit company. “In addition to determining how much of the restructured artificial intelligence company Microsoft will own, both parties need to determine what governance rights it will have,” the report said.