AI is our future. There’s no doubt about that. From simplifying our life to true automation, there’s nothing artificial intelligence can’t do. Many of the services and tools we use incorporate some form of artificial intelligence. You’d be surprised many of the luxuries of technology actually use AI.
I’m sure everyone has seen movies of computers gaining awareness and killing all the humans, but in reality, AI plays a different part. The rise of machines has done nothing but revolutionize our daily life and open the path for further advancement.
It’s so promising that Billionaire Mark Cuban, of Shark Tank, once said that the world’s first Trillionaire won’t come from finance, oil or any other category. They will be the ones to master AI. It has propelled companies to new heights, offering unique functionality that stands out.
Companies That Use AI
Some of our day-to-day tools you use daily rely on AI technology. Right now as I’m writing this blog post, I’m listening to Spotify. How do you think they can recommend music we may like? Surprise! They are utilizing artificial intelligence to suggest music that can be considered my taste. They incorporate my listening history and my playlists to find music of similar genres and other factors I couldn’t even hope to understand. Simply put, they are smart.
Other companies that rely on AI include Amazon and Apple, who both have a voice-controlled service, Alexa and Siri. With the use of AI, they can recognize our speech patterns and answer questions accurately and quickly. You need advanced technology to recognize human speech, break down the requests and process them in a timely manner. The machine needs to process the verbal question we ask, break it down into data and then process it.
I once worked as a Technical Product Manager, managing developers to build software. We didn’t come close to this advanced technology, but I can guess the incredible skills it takes to even lay out the groundwork for how this would work.
Our go-to for binge-watching, Netflix, uses AI as well. What a shocker. Recommending shows and movies uses artificial intelligence to understand our preferences and be able to suggest the next thing to watch.
Finally, Tesla is an interesting company that uses AI for many areas of their company. The most interesting on is through the use of autonomous driving. Their car has a feature that lets you put your feet up and let the car drive all on its own. It uses crazy technology to detect traffic, the best route and the lines on the road to provide a safe and efficient driving experience.
I’m sure you catch where I’m going with this. Everything we use each day most likely has some form of AI integrated into it. From entertainment to the very car we drive. It’s improving our daily life and driving our advancements even further.
Robo-Advisors
AI has even been integrated into how we manage our money. Companies like Betterment utilize AI through the use of what’s called robo-advisors. It provides digital financial advice which uses automated, algorithm-driven technology for its financial planning services.
Auto-trading is a new feature available to us. It’s a new way to enter the stock market with a new autonomous solution. You don’t need to lift a finger. Just let an AI-driven service trade stocks for you.
My Bet on AI Stocks
Now I am of course investing in many of the companies I mentioned above. From Amazon and Apple to Tesla. These are all great companies to have in your portfolio. I don’t invest in Netflix and Spotify, but there may be a place for Netflix at least in the future. We’ll see how I feel.
Amazon is currently my biggest holding of individual stock in my main brokerage. It’s the company I truly believe in and plan to hold it forever. It’s where I do most of my shopping and even grocery shopping now. What else do you need?
The company I just invested in is something I’m very bullish on. It’s a company called C3.ai. They are a software company that provides services to build enterprise-scale AI applications. They utilize an approach that is both efficient and cost-effective.
They have been a hot topic lately and many consider it overvalued at this time. Their latest earnings report was average, but seen as disappointing to investors, pushing the stock price to plummet.
I still believe in the long-term value of this company and see massive return potential going forward. It may take a few years to full realize their potential, but for my long-term portfolio, this is a great fit.
Next AI Investments
I currently have a portfolio full of innovation companies, mostly related to Space. Now I am looking for AI stocks to add to my portfolio. C3.ai was just the start. I want to add another 2 or 3 companies for long-term growth.
Currently on my list of potentials is Teladoc. A virtual healthcare company that utilizes AI for medical advice and telehealth. It’s the type of company that can completely revolutionize the industry. Also on my list is The Trading Desk (TTD), which is a software company focused on digital ad buying. I’m looking for companies like these that will give me the best returns and make the biggest difference to our life.
AI is the future and I’m excited to see the next advancement it brings about.
