An area of technology that has someway or the other got linked with science fiction is that of Artificial Intelligence, where a machine can read things itself and act upon while recognising patterns in data. In the recent times, Artificial Intelligence Sector is reaching to the level of Blockchain. In today’s scenario, customers just want the screened data and AI can provide them with recommendations and assist in personalising the information and improves the overall customer experience through chatbots and digital assistants. Mostly, the AI companies are venture capital funded ones given the risk associated with the emerging sector.
With this backdrop, few ASX-listed AI companies are gaining traction gradually with the growing interest in the sector. For instance, BrainChip Holdings Ltd (ASX: BRN) is one such stock which is working and is building a system that will literally copy the human brain pattern. It raised $21.5 million and will further invest in developing machine learning video analytics technology. The group recently released a new version of its BrainChip Studio product. Another AI Company is Open DNA (ASX: OPN) which is a pure AI Company and provides the consumers with the relevant content by looking into their previous browsing history and preferences. As of now, AI stocks look under-valued and it is expected that the demand will rise as people are ready to increase their exposure to technologies. Many technology companies are thus following the trend of Artificial Intelligence. Appen Ltd (ASX: APX) is another stock that has already surged quite a bit and the group has been known to develop high quality human annotated data for machine learning programs. AI stocks are thus considered to be in headlines in 2018 and beyond, as markets will see a real progress in the sector.
Now on one side, AI is expected to proffer a game-changing technology platform; and on the other side, we have the risk of AI that challenges the existence of human civilisation and is thought of impacting the jobs scenario in the future. AI powered exchange traded funds are also something that have been talked about lately as the ETFs are said to select holdings using self-learning algorithms. Given the AI revolution that is underway and expected to be a thrust to productivity growth in IT sector, investments can be evaluated for technology and robotics related stocks that base their platform on AI.
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