Investing In AI (Artificial Intelligence)

Artificial intelligence (AI) has been pegged by some as the fourth industrial revolution, with many industries and countries investing heavily in it.

According to Statista, it is estimated that there will be massive growth in revenues from AI over the next several years, reaching US$126 billion in 2025, up from US$1.37 billion in 2018.

Meanwhile, a report from McKinsey Global Institute predicts that the potential value of AI could reach US$13 trillion annually by 2030. With a large majority of companies across nine business functions in 19 industries making investments, AI has the potential for over 400 use cases and applications, such as regression analysis, statistical inference, clustering and recurrent neural networks.

With that in mind, we will provide a comprehensive look at AI, with an overview of how investors can step into this ever-growing sector to help better answer the question of what artificial intelligence investing is.

What is artificial intelligence?

AI is defined as human intelligence exhibited by machines. A report from NVIDIA (NASDAQ:NVDA) states that AI is transforming the world and that its origins stretch back to the post-World War II era. The company credits the development of open-source frameworks for creating a revolution backed by the development of graphics processing units with faster and more powerful chips to support machine learning and deep learning.

While “Narrow AI” is currently in play, the natural progression is towards “General AI,” which in concept is a machine that has human senses and does things just like humans do. AI and machine learning often get intertwined. Eric Schmidt, chairman of Alphabet (NASDAQ:GOOG), has explained the difference between these two aspects of the fourth industrial revolution. Schmidt has said that machine learning is “how the system looks at the complex sets of data” and learns from the data, while AI is how the data is expressed. Further, Schmidt has noted that the terms are used interchangeably, pointing to Google’s Google Photos and Google Translate products as examples of AI in play. “We think of it as a human like experience and intelligence but what really happened is that machine has learned from patterns,” he said.

Here Are 5 AI Stocks

1. ProntoForms  | Market cap: C$96.21 million
2. VIQ Solutions | Market cap: C$70.5 million
3. Datametrex AI } Market cap: C$39.96 million
4. GoldSpot Discoveries | Market cap: C$14.21 million
5. 5. Diagnos | Market cap: C$11.97 million

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