Conversational AI is quickly becoming a major player in the technology industry. As more businesses look to automate customer service and other tasks, conversational AI has become an increasingly attractive option for companies looking to streamline their operations. With its ability to understand natural language and respond intelligently, conversational AI can provide customers with a personalized experience that traditional methods of automation cannot match.
As the demand for this type of technology grows, so too does the number of stocks related to it. Here are three must-know conversational AI stocks that investors should consider:
1) Amazon (AMZN): Amazon is one of the leading providers of cloud computing services and artificial intelligence solutions. The company’s Alexa platform uses natural language processing (NLP) technology to enable users to interact with devices using voice commands. This makes it easier for customers to access information or control their home environment without having to use a keyboard or mouse. In addition, Amazon offers developers tools such as Lex, which allows them to build custom chatbots powered by NLP algorithms.
2) Microsoft (MSFT): Microsoft is another tech giant that has invested heavily in conversational AI technologies over the past few years. Its Cortana virtual assistant utilizes NLP algorithms and machine learning techniques in order to better understand user requests and deliver accurate responses accordingly. Additionally, Microsoft provides developers with Bot Framework – an open source software development kit designed specifically for building bots on various platforms including Skype, Slack, Facebook Messenger and more.
3) Nuance Communications (NUAN): Nuance Communications specializes in speech recognition software used by many organizations around the world including hospitals, banks and government agencies among others . The company’s Dragon NaturallySpeaking product enables users to dictate text into any application while its Dragon Medical One solution helps healthcare professionals capture patient data faster than ever before via voice commands alone . Furthermore , Nuance recently launched its Conversations Platform which leverages deep learning models combined with natural language understanding capabilities allowing businesses create customized conversations between humans and machines .
Investors interested in gaining exposure into these rapidly growing markets should take note of these three must-know conversational AI stocks: Amazon (AMZN), Microsoft (MSFT),and Nuance Communications(NUAN). Each stock offers unique opportunities within this space as well as potential long-term growth prospects due largely due advancements made within each respective company’s research & development divisions . For example , both Amazon & Microsoft have been actively investing resources towards developing new features & capabilities within their respective products while also expanding upon existing ones – all aimed at providing customers with enhanced experiences when interacting with digital assistants powered by Artificial Intelligence . Similarly , Nuance has been focusing on improving accuracy levels across its entire suite of products through continued investments into research & development efforts – something which could potentially lead towards greater adoption rates amongst healthcare institutions worldwide .
Overall , there is no doubt that Conversational Artificial Intelligence will continue playing an integral role within our lives moving forward – making now a great time for investors who are looking gain exposure into this rapidly evolving sector through some key players such as those mentioned above . Of course , it goes without saying that investors should always do their own due diligence prior investing any money into individual stocks so they can make informed decisions based on current market conditions along side personal financial goals/objectives before committing capital towards any particular security or portfolio allocation strategy