Artificial Intelligence Will Be An Intelligent Investment. Artificial intelligence (AI) is the field of technology that deals with building computers that can perform the same set of complex tasks as the human brain. Instead of straightforward, programmer-assisted functionality, AI aspires towards more independent machines that can learn and adapt to large amounts of input.
AI isn’t a new concept, but recent years have seen a boom in its development and implementation. Advances in data science, neural network programming, and microtechnology make unassisted machine learning a promising new reality.
One of the more visible deployments of AI in recent memory would be Tesla’s self-driving cars. The company’s entire fleet of vehicles comes equipped with sensors that send data to the cloud, and this data is used in turn to refine their cars’ ability to navigate and respond to conditions on the road. In line with its tradition of putting data analytics at the heart of their business identity, Tesla’s approach to AI aspires to minimize the role of programmers in process.
While there are many pretenders using outdated tools and claiming involvement with AI, companies like Nvidia (NVDA), Apple (AAPL), and Alphabet (GOOGL) can be reliably counted among the pioneers in AI development. On the other hand, companies such as Netflix (NFLX) and PayPal (PYPL) lead the charge in terms of applying AI to their product lines.
As an interesting note before closing this item on the list, the data that powers AI shows just as much promise as its end product. Researchers at McKinsey and Co. speculate that the market for data generated by electric and self-driving cars could hit a $750bn yearly value by 2030 –a hefty sum for a pile of 1’s and 0’s.