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How can your business best use Artificial Intelligence? A thought leader offers advice
Editor’s note: This is the latest in a series of reports about Artificial Intelligence based on a variety of deep-dive interviews conducted by Alexander Ferguson of YourLocalStudio.
This video is part of our deep dive interview series where we share the wealth of knowledge given by one of our panel of experts in the field of artificial intelligence.
2/3 of the problem is solved because 2/3 of the market is these big giant apartment buildings that are owned by big companies that have tech teams that build an API, that they can just hook into.
For the other 1/6, there’s some small percentage that UDU can’t help with at all but most of the other examples, this customer has those same cube farm people but instead of going to those web pages and entering the data themselves and only getting through basically 20 apartment buildings a day, which is what their rate was, they instead go to that apartment building website and they click a button that they call the “UDU button”
The second example that I would give is, there’s a movement I’ve definitely seen in the private equity space just because of the fact that we’re currently serving that market of people doing what’s called deal origination or deal sourcing using more automated methods.
So, an example of the automation that I gave earlier, the human sitting at the desk, clicking the UDU button and uploading the website and then UDU does all the processing on it so the human doesn’t have to do data entry, that’s a great example of automation.
The prediction side is, if you’ve got a business case where you’re trying to predict how much your customers gonna spend next year or whether or not Customer X is gonna like something or not, those are great uses for A.I.
And then also not believing the hype around it because the way the math works, you can end up finding false results pretty easily that seem great but aren’t real.
But I think that one is sort of a consumer level bar that you have to reach where it’s like it’s gotta be right 99% of the time or you’re gonna be really annoyed with it and you’re gonna turn it off.
Stay tuned as we share the full deep dive interviews we had with each one of our panel of experts and our upcoming episodes focused on specific topics that will transform the way you think about artificial intelligence.
3 Top Artificial Intelligence Stocks to Watch in June
Anders Bylund (IBM): With $78.7 billion of trailing revenues and $17.7 billion in EBITDA profits, IBM is an instant giant in pretty much any niche it decides to address.
At some point, machines should be able to mimic human intelligence, which means going beyond training the systems for a single task and expecting them to problem-solve on the spot.
This is why the company has been selling off low-margin hardware operations in recent years, focusing on long-term growth drivers, with AI near the center of every focus area.
Autonomous vehicles (AVs) use a combination of sensors and AI software to navigate some of the same difficult road conditions and scenarios that humans do, and once this technology becomes ubiquitous, it could eliminate an estimated 90% of vehicular fatalities.
Waymo One allows a small group of riders in the Phoenix area to hail self-driving rides around town, and the company has plans to expand the service, as well as potentially license its technology to other companies.
For the skeptics out there who think that Alphabet's bet on autonomous vehicles is misplaced, consider that AVs will create a massive 'passenger economy' that Intel believes will be worth $7 trillion by 2050.
Jamal Carnette, CFA (Amazon): Despite Amazon's mega-cap status, more than 90% of analysts have a buy/outperform rating on the company, and for good reason: Amazon is well situated in three businesses -- e-commerce, cloud computing, and digital advertising -- with long-term runways for growth.
The Best Artificial Intelligence Stocks
The fast pace of technology expansion has given us voice assistants, social media feeds that give us exposure to hot topics, navigation software and targeted ads.
We’ve compiled the best artificial intelligence stocks offered on the stock market today.
Artificial intelligence, or AI, stocks are a financial asset which represents a publicly traded company in the area of artificial intelligence.
This index takes into consideration the price per share of the stock and the earnings per share to create the index.
Higher P/E ratios mean that the stock is not that profitable, while the lower P/E ratio indicates that the stock pays relatively high amounts compared to the stock price.
The beta usually varies between -1 and 1, although in some rare cases you can see the beta go below -1 and above 1.
If the beta is above 0, this means that the stock is more likely correlated to the benchmark index.
It’s always better to hop into an ongoing trend rather than to enter the market on the assumption that a trend is forming.
The AMZN beta is 1.83, which reminds of a high correlation with the benchmark index, but at the same time, the stock is very volatile.
This is normal as these are 2 of the top 10 tech companies in the world that work around data science and artificial intelligence.
Apple is the pioneer of many technological inventions and are an example of cutting-edge products marketed in the best possible way.
The beta of the AAPL stock is 1.11, which means that the stock is highly correlated to the benchmark index and at the same time is volatile.
Although we see that the stock is definitely correlated with NASDAQ in orange and the S&P 500 in red, we should note that the regain attempt is not that clear here.
Learn how to buy Apple stock You can buy artificial intelligence stocks via every one of the top online brokerage agencies for stock trading.
The broker is subject to one of the highest financial regulations as the company conforms to the domestic laws and regulations.
If you conduct more than 30 deals per quarter, you will access a lower fee of $4.95 per trade.
The desktop solution Thinkorswim is a more advanced cutting-edge trading platform, which contains a big set of screening and analytical tools.
For clients that conduct more than 30 trades per quarter, the pricing is even more favorable at $3.95 per trade.
The broker also supports desktop, web, and mobile trading platform, which makes the solution accessible from everywhere.
We will see more and more unbelievable products and services released by the big corporations, and these will keep changing our lives the same way as Facebook and Google did.
Check out Benzinga’s look at 5 applications of artificial intelligence, the best tech stocks and the best online brokerages.