Leading Companies in Race for Artificial Intelligence
As a business major researching the leading companies in artificial intelligence, initially, It seemed logical to base it off which companies stock were trading at the highest price. The highest stock prices indicate, in the present, which companies show the most promise for the future. After conducting my research, that was exactly what I found.
John Divine, a staff writer at usnews.com stated, “Five years ago, few investors were searching for the best artificial intelligence stocks to buy. . . Since then, progress in the field has been lightning fast” (2018). In other words, investors weren’t looking to invest in AI stock, indicating there wasn’t sufficient evidence that it would develop into a profitable industry. Within 5 years time, however, prestiges tech companies research and development of artificial intelligence has created a demand for its stock. This indicates that the industry has gone through rapid growth through the continuous innovation of technology. Today, major companies are in a race to develop and utilize neural networks, machine learning, natural language processing software and numerous other sub-fields in attempts to create a product that will place them ahead of their competitors.
Top Artificial Intelligence Companies to Invest In (As of 2018):
1. Nvidia Corporation
2. Google (Alphabet)
3. Amazon
4. Microsoft Corporation
5. Intel Corporation
6. Facebook
(Disclaimer: This is not a complete list of every company researching and developing Artificial Intelligence, but those listed are among the top companies leading the field.)
1. Nvidia Corporation
Nvidia is a specialized semiconductor company that has secured its position among the top companies researching and developing artificial intelligence in recent years. Rapid growth initially started in 2016 when the company made AI its main focus, and as a result, the company doubled down. It’s most renowned success is derived from the graphics processing unit (GPU) it has developed.
This same technology has enabled innovation for;
· Self-driving cars
· The gaming industry
· The Cloud
2. Google (Alphabet)
Listed at one of the five most valuable companies worldwide, the parent company of google (Alphabet), is acknowledged by experts for potentially being a few years away from a $1 trillion valuation.
How Google utilizes AI;
· Search results
· Ad pricing
· Autonomous driving technology
· Personal assistant software
With the resources and capital to fund its business endeavors, Google has secured a spot in the race for AI research and development.
3. Amazon
In 2017, CEO Jeff Bezos emphasized the drastic impact AI could have, and assured stockholders that Amazon would be taking advantage of its promise moving forward.
How Amazon utilizes Machine learning software;
· Product search rankings
· Recommendations
· Demand forecasting
· Fraud protection
· Warehouse fulfillment
Artificial Intelligence is also the core component to its relatively new product Alexa, the virtual assistant. It will also be the driving force in Jeff Bezos plan to build chains of grocery stores with no cashiers and a drone delivery system. This visionary idea will revolutionize the food industry in terms of efficiency and convenience to consumers.
4. Microsoft Corporation
In recent years, Microsoft has become a cloud-centric company, contending with Google and Amazon for AI breakthroughs. CEO Satya Nadella has gone public with his intent to focus Microsoft’s best talent on researching artificial intelligence.
It’s developed cloud-based tools used for;
· Genomics and precision medicine (Healthcare implications)
· Human language technology
· Assistive robots
· Cortana (consumer-facing services)
Because of Microsoft’s ability to adapt to the world changing, it has established itself in a growing niche. Today, it is considered to be among the best companies to invest in.
5. Intel Corporation
Intel, the blue-chip semiconductor company, has been credited with enormous growth potential in the AI field. In late 2017, Intel created a new team with its main focus directed towards machine learning and artificial intelligence. Although Intel was late to the race, it still generates over $10 billion in free cash flow annually, giving it investment leverage over some competitors that entered the field prior to Intel. It is the companies potential for growth that has valued it among the top in this field.
6. Facebook
Machine learning is optimal for processing large amounts of data. With that being said, Facebook has one of the most reputable high-quality data sets in the world, given its 2.2 billion active users per month.
How AI is incorporated into Facebooks Business;
· Newsfeed algorithm
· Facial recognition technology
· Screenings for fake news
· Chatbot and personal assistant technology
CEO Mark Zuckerberg has announced his companies goal of producing machines that are capable of human-level sight, hearing, language, and cognition by the year 2025.
References:
Divine, J. (2018, March 19). Artificial Intelligence Stocks: 10 of the Best AI Stocks to Buy. Retrieved from https://money.usnews.com/investing/stock-market-news/slideshows/artificial-intelligence-stocks-the-10-best-ai-companies
