Artificial intelligence (AI) is becoming increasingly important in the modern world, and Baird has identified some of the top stocks to watch. AI technology can be used for a variety of purposes, from automating mundane tasks to providing insights into customer behavior. As such, investing in companies that are at the forefront of this rapidly growing industry could prove to be a lucrative move.
Baird recently released its list of top artificial intelligence picks for investors looking to capitalize on this trend. The list includes several well-known tech giants as well as smaller companies with promising potential. Here’s an overview of Baird’s top AI picks:
First up is Alphabet Inc., parent company of Google and one of the most recognizable names in tech today. Alphabet has been investing heavily in AI research and development over recent years, making it a great choice for those looking to invest in this sector. In addition to its own projects, Alphabet also owns DeepMind Technologies Ltd., which specializes in deep learning algorithms and other advanced technologies related to machine learning and natural language processing (NLP).
Next on Baird’s list is Microsoft Corporation, another giant when it comes to tech investments. Microsoft has made significant strides towards integrating AI into its products over recent years through initiatives like Azure Machine Learning Studio and Cortana Intelligence Suite – both designed specifically for developers working with big data sets or building intelligent applications using cloud computing resources. Additionally, Microsoft recently acquired Semantic Machines Inc., which focuses on conversational AI solutions that enable machines to understand human speech more accurately than ever before.
Thirdly we have NVIDIA Corporation – a leading provider of graphics processing units (GPUs) used by many computer systems around the world today – including those powering autonomous vehicles or virtual reality experiences . NVIDIA’s GPUs are essential components when it comes to training deep neural networks; they provide massive parallelism capabilities that allow these networks learn faster than traditional CPUs alone would permit them too . This makes NVIDIA an attractive option for investors who want exposure not only within gaming but also within industries where GPU-accelerated computing is becoming increasingly important such as healthcare , finance , robotics , self-driving cars etc..
Fourthly there’s Amazon Web Services (AWS), Amazon’s cloud computing platform which provides access not only storage space but also powerful compute resources needed by businesses wanting develop their own customised artificial intelligence models . AWS offers various services ranging from image recognition tools via Rekognition service all way up fully managed machine learning platforms like SageMaker – allowing customers quickly build train deploy ML models without needing worry about underlying infrastructure setup maintenance costs associated with running large scale distributed computations ..
Finally there’s Salesforce – one largest providers enterprise software solutions currently market . Salesforce leverages power predictive analytics machine learning help organisations better understand their customers needs wants then use insights gleaned improve customer experience personalise marketing campaigns increase sales revenue ..
All five aforementioned companies offer exciting opportunities investors seeking gain exposure fast growing field Artificial Intelligence however should always remember do due diligence prior any investment decision ensure best possible outcome ..