Transformers Comprise the Fourth Pillar of Deep Learning

ARK Invest - one of the biggest asset-management companies and it is focused on disruptive technologies. They are convinced that Transformers is the next big thing and as recent language models with billions of parameters are very computationally demanding ARK Invest bets a lot on the growth of the AI chip market 🦾.

According to their research, Deep Learning had added a mindblowing $1 trillion in equity market capitalization to companies like Alphabet, Amazon, Nvidia, and TSMC as of year-end 2019 and perhaps another $250-500 billion in 2020. They predict that AI would contribute roughly $30 trillion to global equity market cap creation over the next 20 years.

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