WHAT IS AI ? -Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing, speech recognition and machine vision.
How do companies use artificial intelligence?
AI is created through machine learning, which involves training a system with huge amounts of data. It then uses the trained system to make inferences about new data it’s never seen.
The simplest example is a system designed to detect objects in images. Images with those objects are provided to the system, which “learns” how to detect those objects in other images. The more objects in images it detects, the more accurate the detection system becomes.
Companies employ artificial intelligence in two main ways. Many tech companies use AI to make their existing operations more powerful such as through high-profile applications, including robotics, self-driving cars, and virtual assistants. Google, a subsidiary of Alphabet(NASDAQ:GOOGL), (NASDAQ:GOOG), uses AI to filter out spam for Gmail users. Amazon (NASDAQ:AMZN) uses AI to recommend products to customers, while Netflix (NASDAQ:NFLX) uses AI to guide content creation and recommendations.
Some companies also profit directly from AI by selling hardware, software, services, or expertise that the technology needs. Below are true artificial intelligence stocks and include those listed and described
COMPANYAI FOCUSNVIDIA (NASDAQ:NVDA)Graphics chips and self-driving cars
(NYSE:IBM)Augmenting human intelligence across industries MICRON TECHNOLOGY
(NASDAQ:MU)Memory chips for data centers and self-driving cars
(NASDAQ:AMZN)Voice-activated technology, cloud computing, and e-commerceC3.AI
(NYSE:AI)Uses software-as-a-service to provide enterprise-scale AI applications