High-net-worth families are increasingly intrigued by the AI revolution for investing.
By 2026, global AI expenditure, covering both software and hardware, is predicted to surpass $300 billion, more than double the 2022 figure of $118 billion, based on the report from research firm IDC. This surge is set to yield a 27% annual growth from 2022 to 2026.
According to McKinsey & Company, private firms outnumber public ones, expanding the investment arena. Those with the means to participate could reap rewards, contingent on their risk tolerance. The AI revolution offers notable investment prospects for wealthy families.
