Apple’s stock surged 16% in 2024 as investors bet on AI-enhanced iPhones, reflecting Wall Street’s growing conviction in the potential of AI for consumer electronics.
Meta announced AI-powered upgrades to its Ray-Ban smart glasses, aiming to replace smartphones. Google showcased its advanced AI model, Trillium AI chip, and Willow quantum processor, reshaping cloud computing and autonomous systems.
Nvidia strengthened its grip on the AI market with new hardware and tools, expanding partnerships in healthcare and automotive, cementing its lead in high-performance computing.
The AI wave reached beyond Silicon Valley, modernizing government agencies and transforming industries from healthcare to finance. AI capabilities expanded to tackle complex tasks and became central to reshaping American businesses.