What AI Should You Invest in Now? Expert Answers

Artificial intelligence (AI) is changing the way humans work, live, and play. Here at Personal Finance Guru we have done some research into how AI can make you money, and which AI would be a smart investment in 2023.

In this article, our investment expert, John Wayman, will take a look at some of the key elements that could help you determine which AI technology to invest in now.

What is Artificial Intelligence?

AI is a rapidly developing field, with more and more applications being discovered every day – according to experts, this is a market with an average annual revenue of over $50 billion, and this number shows no signs of slowing down.

AI comes in a number of different forms and types, including machine learning, natural language processing, computer vision, and robotics. Each of these can be used to enhance the performance of a business, or even create new products and services entirely.

Deciding to invest in AI can be an overwhelming decision, and it is important to consider the costs, timeframe, and potential ROI of any AI investment before jumping in.

Additionally, it is important to look for technologies that are backed by a strong team of experts and have a proven track record. With 44 percent of businesses planning to invest in AI by the end of 2023, it is clear that this is a growing market – but which AI offers the best investment?

What Are the Benefits of AI for Businesses?

Investing in AI can bring a variety of benefits to businesses, and these include:

Increased Efficiency

AI can automate tasks that would otherwise be performed manually, freeing up time for employees to focus on more complex and creative tasks.

Improved Decision-Making

AI systems can provide insights into data sets and make decisions faster than humans, reducing the risk of costly mistakes.

Cost Savings

Investing in AI can reduce overhead costs, such as labor-related expenses, while also improving efficiency and productivity. According to experts, AI could save businesses around $35,000 in a single year.

Which AI Products Are Best to Invest in?

So, just which AI products and stocks are offering the best options for investments? Here are some of the top AI stocks to watch right now:

• Adobe (ADBE)
• Alphabet (GOOGL)
• Amazon (AMZN)
• Microsoft (MSFT)
• C3 AI (AI)

Adobe

Adobe is a software company focused on the creative and digital marketing sectors. They have developed software such as Photoshop, Creative Cloud, and Experience Cloud, which enable people to create beautiful designs, marketing materials, and websites.

Adobe has recently been investing heavily in AI technology to enhance its products’ capabilities. They are using AI to optimize workflow processes, automate workflows and optimize content for different media channels.

Alphabet

Alphabet is the parent company of Google, one of the most popular search engines in the world. They have been using AI and machine learning for many years to improve their search engine results and make them more accurate for users.

Recently, Alphabet has expanded its use of AI technologies to other fields such as healthcare, transportation, autonomous driving, and robotics.

Amazon

Amazon is one of the leading tech companies with a strong presence in e-commerce, cloud computing, and artificial intelligence (AI). The company has been investing heavily in AI technology to enhance its products and services.

Amazon also has its own suite of AI-powered products, such as Amazon Rekognition for image recognition and Amazon SageMaker for machine learning. With the company’s focus on innovation and AI, it looks to be a great stock to invest in.

Microsoft

The rise of OpenAI has seen Microsoft make a major push into the AI space. The company has a range of products and services related to AI, including its Azure cloud platform, which is used by companies around the world to deploy and manage their own AI solutions.

Microsoft also offers its own suite of AI-powered services such as Cortana and Dynamics 365, both of which are currently being improved and developed further. With these advancements in AI, Microsoft looks to be a great investment for those looking to get in on the first floor – and stocks look set to rise by around 20 percent by the end of the year.

C3 AI

C3 AI is a software company focused on the development of enterprise-scale artificial intelligence (AI) solutions. The company’s products are used in various industries, from healthcare to industrial automation and finance. C3 AI has developed proprietary AI technologies such as its C3 AI Suite, which enables developers to create and deploy AI applications quickly.

Other Options

In addition to the companies listed above, there are also some smaller AI companies worth considering for investment. These include UiPath, which is focused on robotic process automation (RPA), and Sentient Technologies, which specializes in deep learning and natural language processing (NLP). Both of these companies are developing innovative AI technology and have seen significant growth over recent years.

Another popular choice for AI investment is Nvidia (NVDA), which develops graphics processing units (GPUs) for use in gaming and machine learning. Nvidia has seen significant growth over the last few years due to its strong performance in the gaming industry and its focus on AI-related products.

Final Thoughts

When it comes to deciding which AI technology to invest in, there are a number of factors to consider. Be sure to research the various companies and technologies available before making any decisions. You should also look at the potential returns from each investment, as well as the risks associated with it.

Finally, be sure to consult with a financial advisor or another expert before investing in any AI-related stocks.