Science fiction movies have often shown advanced machines or robots being capable of performing tasks like humans. They try to picture how the world would look if machines capable of human intelligence coexisted with humans. Well, all this imagination is soon becoming a reality as we have seen much progress made in the field of artificial intelligence. Voice assistants like Alexa or Siri, driverless cars, facial recognition systems, and more are just the initial popular applications of AI and machine learning. The technology is poised to grow further and power more advanced applications in the future.
Today people skilled in AI and ML are in high demand. In fact, they are one of the highest-paid professionals in the world. In light of this trend, it is common to see people enrolling in AI ML courses to gain job-ready skills and enter this lucrative career field. The knowledge of AI and ML isn’t only helpful in finding a good job, it can be applied in various other areas. In fact, it can help you in your investing goals as well. Investors today are excited about technology stocks that have the potential to give huge returns in the time to come. For this reason, they are also searching for good artificial intelligence stocks where investment could be made for the long term.
If you too are searching for a reliable AI stock, then this article is for you. We have mentioned five of the best AI stocks that are worth your investment.
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Top AI Stocks to Invest in
Let’s dive into the best AI stocks in India.
This company is an established firm, one of the world’s largest suppliers of automotive components. In 2017, the company launched the Bosch Center for Artificial Intelligence with an aim to build the technology foundation to generate real-world impact through AI. It deploys cutting-edge AI technologies across Bosch products and services to create state-of-the-art solutions. Currently, the company is working on over 185 projects that span across five countries – India, Israel, Germany, China, and United States. Over the next decade, Bosch wants to make AI one of its core competencies.
Tata Elxsi has a dedicated Artificial Intelligence Centre of Excellence (AI CoE) to deal with the growing needs for intelligent systems. The company has been focusing on technology-based innovations for over 25 years and has given its contributions to self-driving cars to video analytics solutions. Currently, Tata Elxsi is working on many important projects like building smart AI devices, autonomous navigation systems software, AI for situational awareness and operator environment analysis, AI for the media industry, and conversational interfaces for medical chatbots, cars, support services, and smart appliances.
Based out of Bangalore, Happiest Minds is a growing IT firm that couples augmented intelligence with natural language processing, video analytics, image analytics, and emerging technologies like AR/VR to help businesses deliver immersive customer experiences. Its artificial intelligence and cognitive computing solutions allow organizations to ideate and visualize solutions built for the future. The company helps its clients define next-generation capabilities imperative for success in a digital-first landscape. It has various offerings related to deep learning, predictive analysis, data mining, statistical modeling, and supervised/unsupervised learning.
Cyient is a global leader in manufacturing, engineering, and digital transformation. Headquartered in Hyderabad, this company focuses on applying technologies imaginatively to solve problems and help companies stay ahead of their competitors. The company designs and develops out-of-the-box industrial automation solutions using sensor and vision technologies, AI, machine learning, and data analytics. Its industrial automation engineering capabilities involve industrial IoT, SCADA, smart sensors, control devices, and edge devices. Cyient is also exploring its capabilities in smart manufacturing, 5G technology, intelligent mobility, digital healthcare, and clean energy.
A Singapore-based technology firm, Affle India focuses on two business segments – consumer platform and enterprise platform. It leverages data analytics and artificial intelligence for targeted online marketing so as to acquire customers, increase the frequency of transactions, and improve engagement. Its deep learning and AI-powered algorithms help marketers connect with their customers by transforming ads into powerful user recommendations to deliver better Return on Investment (ROI). recently, Affle acquired a huge stake in Babble AI, a company that operates an indigenous social keyboard that has speech-to-text capabilities and is accessible in many Indian languages.
AI stocks are not only capable of giving good returns in the future, but also can prove to be a game-changer for the global economy. The above list is by no means all-inclusive and there are many other stocks that have a high potential for succeeding in offering innovative AI solutions. Other companies like Infosys, Oracle Financials, Saksoft, 3M India, Persistent Systems, Zensar Technologies, Intellect Design, Kellton Tech, and BSL infosystems are also focusing on AI and machine learning to launch state-of-the-art products and services. Now it is your turn to do your own research, analyze the stocks, and finally decide which ones are suitable for your financial goals.