Microsoft Corp. (Nasdaq: MSFT) is making big moves in the marijuana trade.
That's a big story - as legal medical and recreational cannabis will be among the very fastest-growing business sectors over the coming decade or so.
Microsoft is on the rise again because of actions it's making into high-growth fields like the cloud and marijuana.
Earlier this week, Microsoft announced that it's making a big move into artificial intelligence (AI). Read about it here: https://news.microsoft.com/2016/09/29/microsoft-expands-artificial-intelligence-ai-efforts-with-creation-of-new-microsoft-ai-and-research-group/#sm.0001dkipsprvxdl510k1bx5i65son
It's called the Microsoft AI and Research Group, and it will be led by Harry Shum, the company's current research executive vice president. Shum's getting 5,000 researchers and engineers to help him figure out how to apply AI to Microsoft's current suite of services - and, eventually, develop an AI product.
While AI may not be growing as quickly as legal marijuana, it could soon take its place among the largest, major tech sectors.
And while legal marijuana will cause societal changes across the United States - some good, some bad - it's nothing compared to the havoc AI could bring about in our economy and job landscape.