“Artificial intelligence is a buzzword<\/strong> increasingly being used by companies around the world that seek to project themselves at the forefront of cutting-edge research … As the word loses its meaning,<\/strong> it is important for investors to understand what artificial intelligence is<\/strong> and what companies stand to gain<\/strong> from breakthroughs in the new technology.”<\/p>\u2014 Yahoo! Finance<\/a>, April 12, 2021<\/cite><\/blockquote>\n\n\n\n That comes from an article titled “10 Best Artificial Intelligence Stocks to Buy for 2021” (link above) but it’s more than just a list of stock tips. It points out that “technology firms with social media services” (e.g. Facebook) are hot because they have the massive datasets that power machine learning about consumers. Companies that make super-fast computer hardware \u2014 particularly graphical processing units (GPUs) that crunch through that data \u2014 are also good bets (although I’ve heard about growing hardware shortages due to the pandemic). <\/p>\n\n\n\n The article’s author refers to hedge-fund investments as an indicator, which might make me leery about investing my own hard-earned cash, but the list of companies still interested me. Along with hardware manufacturers such as Micron Technology <\/strong>and Nvidia<\/strong>; Amazon,<\/strong> which is valuable for more than only its growing AI expertise; and Alphabet Inc.,<\/strong> the parent of Google and DeepMind<\/strong> \u2014 the list also includes:<\/p>\n\n\n\n Notably absent<\/em> from the list is Apple<\/strong> (although maybe not a great investment, due to its high valuation), which is no newcomer to incorporating AI into its products. Critics might pooh-pooh Apple’s AI clout, but machine learning<\/strong> has been integral to the iPhone, iPad, and Apple Watch for years. Ars Technica<\/em> published an excellent article<\/a> about this in mid-2020.<\/p>\n\n\n\n Another absence is the assorted promising startups<\/strong> \u2014 particularly those in the climate arena<\/strong> and those founded by alumni of DeepMind,<\/strong> which to me is the most fantastic incubator of AI talent (see AlphaFold<\/a>) outside the top universities. Just this week, Google put money into one of those startups<\/a> \u2014 founded by a former research engineer at DeepMind, and “focused on reducing greenhouse gas emissions.” <\/p>\n\n\n\n .<\/p>\n","protected":false},"excerpt":{"rendered":" Sometimes I read something that is like a voice out of my own head: “Artificial intelligence is a buzzword increasingly being used by companies around the world that seek to project themselves at the forefront of cutting-edge research … As the word loses its meaning, it is important for investors to understand what artificial intelligence… Continue reading The companies that are making AI a hot investment<\/span> ![\"Creative](\"https:\/\/i.creativecommons.org\/l\/by-nc-nd\/4.0\/88x31.png\")
<\/a>
\nAI in Media and Society<\/strong><\/span> by Mindy McAdams<\/span> is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License<\/a>.
\nInclude the author’s name (Mindy McAdams) and a link to the original post in any reuse of this content.<\/small><\/p>\n\n\n\n