Goldman Sachs divides the artificial intelligence (AI) boom into several different phases. The first centers entirely around semiconductor company Nvidia. The second centers around infrastructure companies like Microsoft and Amazon.

Uber, the ride-hailing company that has yet to catch onto the AI boom, is reportedly expanding its fleet of gig workers for a new project aimed at AI annotation and data labeling.

Stocks rose in early trading as Wall Street puts the finishing touches on one of its best months of the year. The S&P rose 0.3% while the Dow Jones Industrial Average was up 123 points, or 0.3%, as of 9:55 a.