Artificial intelligence is about to have its "iPhone moment" and could revolutionize everything, according to Bank of America. "We are at a defining moment - like the internet in the '90s - where Artificial Intelligence (AI) is moving towards mass adoption, with large language models like ChatGPT finally enabling us to fully capitalize on the data revolution," they said. In 2020, it was worth about $36 billion, per IDC and Bloomberg Intelligence data