The Globe and Mail reports in its Wednesday edition that the U.S. stock market is at record highs, driven in part by technology companies capitalizing on the surge in interest for artificial intelligence. The Globe's guest columnist Arjun Deiva writes in the Number Cruncher column that whether it is Microsoft's partnership with OpenAI, the operator of ChatGPT, or Nvidia rocketing forward as the leader in AI chip manufacturing, the AI trend is only getting started. The increasing momentum in AI is not confined to the United States. According to a report published by Deloitte, "$2.57-billion was invested in Canadian AI research and development" between 2022 and 2023, outpacing that of many other countries. Mr. Deiva expects robust growth at Open Text. He says it ranked highest on his screen with a 33.8-per-cent projected growth rate. He adds that Open Text has a proven record of acquiring and integrating companies into its vast ecosystem, bolstering its offerings. Magellan, its AI and analytics platform, provides businesses with a robust suite of tools that integrate data analysis and machine learning to boost productivity. Open Text reported earnings on Feb. 1 and indicated strong demand for its cloud services.