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1 Top AI Stock to Buy and Hold for Decades

Artificial intelligence (AI) is expected to create new industries, make existing ones more efficient, and generate revenue from new businesses that could create a $13 trillion market by 2030, according to research by consulting firm McKinsey &

It listens to a user's voice commands to search the Internet, find files, track packages, check the weather, and set reminders.

Google Assistant is becoming an increasingly important AI tool for Alphabet, as more people (especially younger ones) opt to use voice commands on their phones rather than typing.

Alphabet bought DeepMind, an artificial intelligence company, back in 2015 and the company has used it, in part, as a way to improve healthcare.

For example, DeepMind algorithms have analyzed anonymized data from the Department of Veterans Affairs to help predict whether patients could have dangerous kidney damage.

The company has completed 10 million miles of autonomous driving on public roads and 10 billion simulated miles.

Waymo is one of Alphabet's biggest commercial bets on AI, in part because global autonomous-vehicle sales are expected to reach 33 million vehicles annually in 2040.

The good news for investors is that Alphabet has diversified how it uses AI across many different businesses and industries, making it more likely that the company will eventually be able to benefit from artificial intelligence.