June 26 (Cointime) - Investors can capitalize on the upcoming digital revolution by investing in Web3 companies that utilize blockchain technology to create a decentralized, peer-to-peer infrastructure. Web3 aims to tackle issues such as data monopoly, privacy risks, and algorithmic bias, promoting a more equitable and open internet.

Despite some crypto-related failures, early-stage investors have invested $94 billion in Web3 companies in recent years, with investment peaking at $13 billion in Q1 2022. Furthermore, there has been a significant increase in the number of S&P 500 companies discussing AI, with 110 companies mentioning it during Q1 2023.

According to an analysis of Q1 2023 earnings conference calls, there has been a significant rise in the number of S&P 500 companies discussing AI, with 110 companies mentioning it. This is a significant increase from the five-year and ten-year averages of 57 and 34, respectively.

The development of real-time, 3D virtual applications by companies such as Meta, Roblox, and Apple is expected to increase spending on AI servers, which are projected to grow by 19% annually through 2032. McKinsey & Co. discovered 63 AI use cases across 16 business functions that could generate between $2.6 and $4.4 trillion in annual economic benefits if implemented.