bitLanders AI-Themed Blogging: Investing In Artificial Intelligence - Photo credit: youtube, edition by Amber255 for bitLanders
Everyone understands how technology can flip markets. This sector from the 20th century's middle just does wonders. Not to mention the achievements of this age. Self-propelled cars, 3D printers, drones, space probes, even self-propelled oil extraction platforms - everything is impossible to list. Even the content of our pockets alone can say a lot.
Facebook and Google involve the best professionals and invest large funds. Facebook now works on a voice assistant. The assistant will be similar to Alexa voice assistant (Facebook decided to shoot down its assistant M). Google is still in the direction of a smart chatbot's development.
But not only these two companies invest in AI: IBM has Watson project of a smart assistant for both a fitness coach and a quiz show. Apple is buying artificial intelligence companies without big advert, and Microsoft develops algorithms for programs that can distinguish between human and dog images.
Smart technologies, robots penetrate every aspect of our life - from medical to taxi services. There is a record number of transactions and investment in the robotics sector every year. And these numbers are growing each year even more. So let's talk about investing in artificial intelligence.
Investing In Artificial Intelligence - Video credit: youtube
Big Data - Fuel For The AI Development
Thanks to new information, artificial intelligence is getting smarter and faster. The more information artificial intelligence uses in decision-making, the more destructive this technology will become for today's technological decisions.
For a long time, the lack of information held back the development of this field of science and technology. For example, speech recognition algorithms need 150,000 hours or 10 years of audio data, and face recognition applications need 15 million images. The intelligence and speed of artificial intelligence grow with the amount of information.
In this regard, the idea of investing in artificial intelligence is closely related to other global ideas: cloud technologies, robotization, and cybersecurity. Without enough information, the development of artificial intelligence is impossible. To store and process such amounts of information, it needs data centers and cloud storage. So that users are not afraid to share information; they simply want to feel confident in their safety and security.
Make money with AI - Photo credit: twitur
Artificial intelligence will become smarter and more accurate as a result of the well-coordinated work of the cybersecurity segments and cloud technologies. So, this means that both industrial and domestic robots also will become smarter and more accurate.
According to research, artificial intelligence will add up to $ 15.7 trillion in global GDP by 2030, or 14% to the current level, with $ 6.6 trillion being obtained through an increase in labor productivity. The greatest contribution to this will be made by China - $ 7 trillion and the United States - $ 3.7 trillion.
Acording forbes
At the same time, the resulting increase in GDP will not lead to a comparable increase in costs, but on the contrary in some industries will cut them. Employees will be exempt from performing repetitive routine tasks and focus on creating value-added, solving creative and strategic tasks.
The flip side of the coin is the loss of work by people who are doing this routine work now and will not retrain for new professions, which will lead to an increase in social tension, especially in developing countries.
Tips for AI investors - Photo credit: imagenesmy
Where Artificial Intelligence Will Get Strong Growth?
Health care: diagnosis of diseases using artificial intelligence uses the patient's personal medical history, compares it with information about other similar cases, and offers treatment based on the patient's condition.
Initially, AI will be adopted to help doctors, not to replace them. But due to the accumulation of information and training, artificial intelligence is able to oust doctors from the process of diagnosis and prescription of treatment. Confidentiality and protection of information - the main obstacle to start such programs. We remember about cybersecurity, and that will help in solving this problem.
Autonomous cars: allow travelers and ordinary users to get a car at the moment when they need it. Economy sharing will reduce the costs of individual users of purchase, maintain, and insurance of their own car. The main obstacle is still a lack of information about traffic, the reaction of other drivers in emergency and stressful situations, as well as the distrust of users.
Make money with AI - Photo credit: information-age
Industry: self-learning monitoring and control programs for production processes reduce costs and percent of spoilage of finished products. The use of artificial intelligence will allow you to simulate samples of finished products and test them for quality, strength, and compatibility. Also, AI will help optimize the supply chain, finding the best suppliers and customers.
Voice assistants: I found statistics that by 2020, 50% of Internet searches will be using voice assistants. Breakthroughs in voice recognition, analytics, and natural language processing will replace keyboard searches in the future.
Changes will also affect the transport and logistics sector, where autonomous trucks will start delivering goods 24 hours a day without a break in sleep. In retail, artificial intelligence will reduce the release of clothing or products, focusing on the needs of people.
Make money with AI - Photo credit: twitter
Investing in AI Startups
World-famous companies such as Apple, Microsoft, Facebook, Amazon, and Alphabet show big attention to developments in the field of artificial intelligence. There are frequent cases when giants acquire interesting start-ups or finance unusual AI-developments (such as Intel bought a startup Vertex.AI - it is developing a deep learning system).
Why is the field of artificial intelligence considered so promising, and what benefits do such projects promise investors in the future?
Solutions using AI have become popular due to the increasing development of technology. Now it is cheaper and easier to introduce artificial intelligence in different areas. With the help of artificial intelligence, companies can accurately make development plans based on computer brain analytics. AI is used by marketers, brand owners, advertisers. Artificial intelligence helps to make forecasts, use targeting, analyze large amounts of data, automate customer service processes. Thus, AI can be used in many areas (medicine, e-commerce, energy).
Earn from artificial intelligence - Photo credit: twitter
AI-based solutions can be interesting for investments if the startup has developed a fully integrated solution or a full-stack product, paying attention to all stages of implementation; if the authors of the idea have experience in machine learning, and the team has experts from its fields of application; if a startup has its own data asset, unique and inimitable.
It is most profitable to invest in startups at the initial stage because it will bring more profit in the future. Therefore, the investment must be thought out and clearly planned.
Before you spend a certain amount of money, you need to weigh the pros and cons, study the materials about the startup, its team and plans for the implementation of their ideas in the field of artificial intelligence.
Investing in AI startups - Photo credit: wapsicle
The advantages of investing in AI startups are that you can divide your capital into several contracts and reduce the risk if one of the projects fails. After all, investing in startups even in the most promising area (like artificial intelligence) is risky. To do this, it is desirable to allocate the amount of money, which later will be not too critical to lose (especially for novice investors). Also, investments in startups can be illiquid, and you have to wait several years before it brings real profit.
It will also become practically useful to attend a conference or exhibition where startups present their solutions to potential investors. There you can get acquainted with the team, find out directly about the nuances about the project, evaluate other offers, communicate with experienced investors and exchange opinions with them.
I invite you to chat with me on Querlo chat and get to know more about artificial intelligence:
Simple Tips For AI Investors
- It is better to choose a familiar area for investing. So it is easier to assess the realism of the project, the practicality of its application, the relevance of the problem that the development solves.
- Before investing in a company, you need to decide whether you want to take part in planning a strategy and spend time on its development.
- It is more reasonable to part with a certain amount only after evaluating the investment. In other words, it is necessary to analyze the prospects of the company, make a list of important criteria. To do this, you can turn to the communities of investors, take as a basis someone else's experience and examples of how people choose startups for investments.
- Do not rely only on the information provided by the startup. Before making investments, it is better for the investor to study the niche of the market, its potential, and how relevant the offer is.
- Ask for the lawyer's help. He should have experience in working with securities and financing projects in the early stages. Acting through a lawyer and consulting with him on important issues is necessary if the investor wants to protect his interests as much as possible.
Earn from artificial intelligence - Photo credit: twitter
What Stocks To Buy To Earn From Artificial Intelligence
I searched only companies whose trade their shares on the stock exchange.
IBM (NYSE: IBM) - is there anyone who still doesn't know about this company? The IBM Watson quantum supercomputer is able to understand natural language and give answers using a database of 200 million pages of structured and unstructured information. IBM has developed artificial intelligence algorithms since the 1950s. In 2014, IBM invested $ 1 billion in the development of IBM Watson.
Nvidia (NASDAQ: NVDA) - with this company everyone also is familiar too. It has become known for developing graphics processors for video processing and complex images in games. As a result, these processors are great for solving problems of artificial intelligence and building neural networks. Today, Nvidia chips help autonomous cars navigate roads and sales for AI grow annually.
IBM's Watson Supercomputer Destroys Humans in Jeopardy - Video credit: youtube
Manufacturers of Intel (NASDAQ: INTC), AMD (NASDAQ: AMD), and Xilinx (NASDAQ: XLNX) processors. Of these three, AMDis more strongly focused on the solutions in the artificial intelligence segment, which makes both graphics and central processors for data centers.
Among other public companies that develop artificial intelligence solutions, I will highlight Microsoft (NASDAQ: MSFT), Salesforce (NYSE: CRM), Twitter (NYSE: TWTR), Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) But for the time being, the share of artificial intelligence in the revenues of these companies is not so large as to buy them for this idea.
Actually, I spent a few hours searching for the best companies and reading info about them, but still, note, I am not a professional investment adviser, so better consult with your financial assistant. But if I decide to invest in artificial intelligence, I would choose the three companies I mentioned above.
Investing In Artificial Intelligence Stocks - Photo credit: picswe
On A Final Note
Artificial intelligence is the hot theme of the new economy, which changes the existing order and ecosystems: finance, cars, industry, medicine, and education will change beyond recognition as a result of the implementation of artificial intelligence solutions.
AI is the new electricity. I can hardly imagine an industry which is not going to be transformed by AI. - Chinese-English computer scientist and entrepreneur Andrew Ng.
Credit: forbes
Every year the success of artificial intelligence becomes more noticeable. This attracts new companies to the sector. If 5-7 years ago it was like entertainment for enthusiasts, today it is a growing branch of business for technology corporations and a field for the growth of start-ups. According to forecasts, the global revenue of companies from services and solutions in the artificial intelligence segment will grow 12 times from 2018 to 2025 - from $ 7.3 to $ 89 billion.
If you see the numbers as I see, then you understand that artificial intelligence is a great way to invest.
And at the same time, it is worth remembering that for the company described above in the article, the development of artificial intelligence and the creation of solutions based on it is not the main business. Therefore, I recommend taking several companies at once to invest in the sector, or buy shares of the fund and get the average result. Also, when making decisions, consider your own investment strategy.
bitLanders AI-Themed Blogging: Investing In Artificial Intelligence - Photo credit: twitter
Universal advice does not exist - the investor should be based on someone else's experience, but trust their intuition and make independent conclusions about the company. Calculate the risks, take into account the nuances and be sure to follow the news in the area of interest.
HAVE FUN!
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