Lottery fever has gripped America. No grand prize winner was drawn after Wednesday's drawing, so the multistate Powerball jackpot rose to over $1.23 billion and will likely be higher by now.
State-run lotteries cost over $100 billion in 2023, yet the odds of winning the big one are 292 million to 1. Lightning strike (15,300 to 1) has a better likelihood than winning the jackpot. There must be an alternative.
Stock investing has a higher success rate. The S&P 500, the U.S. stock market benchmark, has returned 10% yearly on average for the previous 50 years, though returns have fluctuated.
Generative artificial intelligence (AI) can automate numerous time-consuming jobs, making people more productive. Technology proponents include ARK Investment Management CEO Cathie Wood.
Wood anticipates $13 trillion in 2030 revenue from generative AI software in Ark's Big Ideas 2024 report. Her bull argument is even more eye-opening at $37 trillion, which may benefit field companies and investors.
Palantir Technologies Palantir Technologies (NYSE: PLTR) has provided AI-powered solutions to the U.S. government and its allies for over 20 years. Enterprise data mining, analytics, and AI services have long been offered by the organization. At the peak of generative AI demand, the company was prepared with decades of experience.
The AI Platform is its output. Palantir's boot camps solve real-world business issues, not generic ones. Palantir developers and users collaborate on AI-based solutions for mission-critical demands and high-value use cases. "In these immersive, hands-on-keyboard sessions, participants can expect to go from zero to use case in just one to five days," Palantir said on a blog.
This method is highly successful. Palantir completed 560 AIP boot courses in four months, exceeding management's goal of 500 in a year due to high demand.
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