For years we were told to get ready for the inevitable, the AI era – well, it has finally arrived and with it comes the potential for great investments. Join the ranks of Jeff Bezos, champion of machine learning, and Tej Kohli, Rewired investor, who are supporting the creation of technologies that will help make people’s lives easier. You’ll not only stand to make a substantial ROI but you will be investing in something that will greatly benefit the world we live in.
Discovering What’s Out There
A daunting challenge when it comes to investing is figuring out where to invest your money. Knowledge is power, therefore listed below are some of the key players in AI that would be smart investments, as well as one lesser-known company that has quietly been growing and could be another great place to invest in.
Amazon
The use of AI at Amazon can be seen internally to improve its products and services, as well as externally.
Amazon is best known for Alexa, its virtual assistant which helps users with their day-to-day lives at home, from turning on music and lights, to answering questions and even assisting with purchases. Alexa has helped Amazon take an early lead in the smart home race, with its competitors, Google and Apple, close behind.
Another stride Amazon has taken within AI is through Amazon Go, the first store of its kind, where users simply open and scan the Amazon Go app to gain access to the store, which then tracks what items they take off the shelf and charges the user for them.
This stock isn’t for everyone as it’s not one that will see steady earnings. Jeff Bezos still operates it at as pseudo start-up, and therefore highs and lows in the stock are to be expected.
Alphabet
Another company that uses AI in most aspects of its business is Alphabet, the parent company to Google.
Google uses AI in its search engine for ad relevancy and on YouTube to play music and videos based on specific user’s preferences. They also have their own virtual assistant, Google Home, which is making great strides in its category and now has the ability to recognise multiple voices.
Other notable AI developments from Alphabet include their self-developed AI chip and a self-driving vehicle.
Nvidia
Once known for being a maker of graphics processing units (GPU), for computer gaming and professional visualisation companies, it is now using its technology to make great advancements in AI. Major internet companies and cloud service providers are now using its GPU-based approach to deep learning in their data centres. Car companies are also using these technologies for their self-driving car initiatives.
While it currently has quite the monopoly in the field, companies like Intel and Chipzilla threaten to slow its growth and are attempting to knock it down a bit.
CEVA
A company you may not know by name is CEVA, an intellectual property vendor that licences its digital signal processors (DSPs) to many large chipmakers. The DSPs are licensed for applications computer vision, audio, connectivity, speech, voice, AI and deep learning.
One such company is Apple, as it is reported that they will be using CEVA’s technology in their newest iPhone. Other companies that use CEVA’s designs include Intel, Broadcom and Cypress.
Why Invest Now?
Now that you’re tuned in to some of the major players in the AI world (and one of more unknown ones), it’s important to understand that the time to invest is now. The AI era may be here already, but is still growing – and this leaves room for supporters to jump on the bandwagon and join the big names in tech like Tej Kohli, AI and robotics enthusiast, who are already helping to pave the way for future AI advancements.
