Artificial Intelligence (AI) Productivity Tools Could Be a $13 Trillion Market, According to Cathie Wood. Here Is 1 Stock That Could Dominate.

Motley Fool04-22

One area that artificial intelligence has the ability to change significantly is productivity in the workforce. Research from Ark Invest CEO Cathie Wood suggests that automating basic tasks ...

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Here Is 1 Stock That Could Dominate.","media":"Motley Fool","content":"<div>\n<p>One area that artificial intelligence has the ability to change significantly is productivity in the workforce.\n\n\n\n\n\n\n\nResearch from Ark Invest CEO Cathie Wood suggests that automating basic tasks ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/21/artificial-intelligence-ai-productivity-tools-coul/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Artificial Intelligence (AI) Productivity Tools Could Be a $13 Trillion Market, According to Cathie Wood. 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Here Is 1 Stock That Could Dominate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-22 02:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/04/21/artificial-intelligence-ai-productivity-tools-coul/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One area that artificial intelligence has the ability to change significantly is productivity in the workforce.\n\n\n\n\n\n\n\nResearch from Ark Invest CEO Cathie Wood suggests that automating basic tasks ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/21/artificial-intelligence-ai-productivity-tools-coul/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PATH","symbol_name":"UiPath","start_time":0,"source_url":"https://www.fool.com/investing/2024/04/21/artificial-intelligence-ai-productivity-tools-coul/","article_id":"2429443958","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F773122%2Fgettyimages-1387900612.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429443958","pubTimestamp":1713723720,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Artificial intelligence (AI) can help significantly increase output for office workers.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PATH":"UiPath","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0072462426.USD":"贝莱德全球配置 A2","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","BK4532":"文艺复兴科技持仓","BK4592":"伊斯兰概念","ARKK":"ARK Innovation ETF","CRM":"赛富时","LU0056508442.USD":"贝莱德世界科技基金A2","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","MSFT":"微软","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4566":"资本集团","LU0109392836.USD":"富兰克林科技股A","BK4587":"ChatGPT概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4535":"淡马锡持仓","BK4538":"云计算","BK4577":"网络游戏","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4588":"碎股","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4579":"人工智能","BK4503":"景林资产持仓","LU1046421795.USD":"富达环球科技A-ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","AI":"C3.ai, Inc.","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4561":"索罗斯持仓","BK4097":"系统软件","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0557290698.USD":"施罗德环球可持续增长基金","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金"},"translate_title":"根据Cathie Wood的说法，人工智能（AI）生产力工具可能是一个13万亿美元的市场。这里有一只股票可能会占据主导地位。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":1,"AI":1,"CRM":1,"PATH":0.9,"MSFT":0.78},"content_text":"One area that artificial intelligence has the ability to change significantly is productivity in the workforce.\n\n\n\n\n\n\n\nResearch from Ark Invest CEO Cathie Wood suggests that automating basic tasks through AI could be a $13 trillion opportunity.\n\n\n\n\n\n\n\nUiPath is a leading player in workplace productivity software, and the stock looks attractively valued right now.\n\nBreakthroughs in artificial intelligence (AI) are advancing so quickly, it's getting harder to imagine a world in which the technology isn't impacting just about every facet of daily life.While much of the chatter surrounding AI has revolved around areas such as accelerated computing and healthcare, there's another use case that's piqued my interest. Integrating artificial intelligence into the corporate workforce represents a unique and compelling long-term opportunity.Ark Invest CEO Cathie Wood has declared that AI software has the ability to significantly increase productivity in the workplace. In a recent report, Wood suggests that AI automation software could be a $13 trillion market in 2030.Believe it or not, there are a host of companies focusing on building more efficient workplace environments through the power of technology. UiPath (PATH -1.52%) is a leading player in AI-powered automation tools, and I think it could be the best investment option in this pocket of the AI realm.Let's break down how AI can redefine workplace dynamics and assess why UiPath is a compelling long-term opportunity.Workplace productivity is ripe for disruptionBringing efficiencies to basic tasks is not a new idea. In many cases, technology has been the key to unlocking these gains.In Ark Invest's Big Ideas 2024 report, Wood presents some interesting case studies related to robotics and how they've enhanced completing mundane and administrative aspects of labor.For example, Wood says that the advent of the washing machine cut down the average time to do laundry by 87%. Similarly, integrating assembly lines into factories significantly reduced the time needed to manufacture a car.These ideas have been applied to the workplace for decades. For example, sales and marketing leaders have relied on customer relationship management (CRM) tools from the likes of Salesforce for many years.Moreover, enterprise resource planning (ERP) suites from SAP and Oracle have facilitated some of the largest businesses in the world when it comes to aggregating financials, analyzing operating metrics, and more.According to Wood, by automating tasks through artificial intelligence, the average worker's productivity could increase by 4.5x. If all of the potential software vendors captured just 10% of the productivity gain, Wood posits, these companies could reap $13 trillion in combined revenue.This scenario implies that UiPath has a greenfield opportunity as it relates to the intersection of AI and workplace productivity. Let's dive into how the company is actually performing, and how it stacks up against the competition.Image source: Getty Images.UiPath is leading the chargeUiPath operates in the robotic processing automation (RPA) market. Essentially, the company's software helps automate administrative tasks and boost workflow processes.UiPath ended last year with over 2,000 customers spending at least $100,000 per year on its platform. Moreover, UiPath increased its customer count by 26% year over year for those spending at least $1 million per year on its software suite. This highlights UiPath's deep penetration in both small and midsize enterprises (SMEs) as well as larger corporate accounts.The accelerated customer adoption isn't entirely surprising given how much demand for AI has risen over the last year. The company increased revenue by 24% last year to $1.3 billion. Meanwhile, adjusted free cash flow was $309 million. By comparison, the company was essentially breakeven on a free-cash-flow basis during the prior year.With an impressive partner ecosystem that includes SAP, IBM, Accenture, PwC, and Deloitte, I think UiPath's growth story is just getting started.A compelling valuation narrativeThe chart below benchmarks UiPath against a cohort of other enterprise software platforms that offer workplace productivity solutions. With a price-to-sales (P/S) ratio of 8.4, investors can see that UiPath is positioned right in the middle of this peer set.PATH PS Ratio data by YChartsWhat I find most interesting about the analysis above is that UiPath is valued more in line with the larger tech behemoths operating in the RPA space -- with Microsoft being the lone exception. Given the success Microsoft has demonstrated through its CoPilot platform, it's not entirely surprising to see it trading at such a noticeable premium among this peer set.Keep in mind that UiPath ended last year with about $2 billion of cash and equivalents on its balance sheet. Although the company is cash-flow-positive, one item to consider is how the company will allocate its resources. In order to compete with big tech behemoths at scale, UiPath will likely need to increase spending.While that would impact the company's bottom line, it could be a worthwhile strategy. I'm optimistic about the efficiencies that AI can bring to the workplace in the long run, and am aligned with Wood's theory that the market opportunity is enormous.So far, UiPath has proven that it can compete in the RPA market against larger and better-capitalized enterprises. Given how fast AI is impacting other important end markets, I think it'll be sooner rather than later that the technology will begin to make serious impacts on workplace environments.I think now is a good time to consider scooping up shares in UiPath as productivity becomes more of a focal point for businesses of all sizes.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429443958"}