Q.ai, a Forbes Company, is powering a personal wealth movement, using artificial intelligence and advanced quantitative techniques to revolutionize investment possibilities. The company has recently shared its point of view on what the best AI companies to invest in are right now. It’s noteworthy that some of them are also players in the RPA market. So, let’s learn the list.
Alphabet Inc. ($GOOGL)
Google’s parent company is one of the global leaders in AI research. AI is used in every aspect of Alphabet’s business, from accurately organizing your photos to predicting where you want to travel with Google Maps.
While we’ve all seen the power of AI in Google, it’s worth mentioning that Alphabet recently purchased the AI startup Alter for $100 million. Alter is an avatar startup that helps creators and brands express virtual identities. Many analysts believe that this move was made to help Google compete with TikTok. This comes on the heels of the recent acquisition of Mandiant as Alphabet increases its investment in AI and cloud security.
Microsoft uses AI-powered technology for a variety of its services, but they just announced the introduction of an AI-powered graphic design tool. Microsoft Designer will be a graphic design app in Microsoft 365. In turn, Microsoft’s Azure AI platform allows companies to create innovative AI services.
Palantir Technologies Inc. ($PLTR)
Palantir is a data analytics company that uses AI tools to help people make decisions based on better data analysis. This smaller growth company uses AI to analyze data and recommend decisions to a variety of customers. The Palantir Apollo is used for improving delivery systems and automating configurations. Palantir has even been named a leader in the field of AI platforms, as the company’s software is used across 50 different industries. The company recently announced that it expects to report between $503 million and $505 million in revenue for the 4th quarter of 2022 as they continue to build the digital infrastructure required for continuous industrial progress.
This is the first insurance company fully powered by AI. When you check out the website, you’ll directly deal with “Maya,” the AI bot that will help you with every step of the process, from signing up for an insurance policy to filing a claim. Many users have turned to Lemonade because you can file an insurance claim in seconds without ever speaking to anyone about it.
Tesla is so dedicated to AI that the company holds an annual AI Day that’s used as a recruitment tool to attract the brightest minds in the field. Tesla has been teasing a humanoid robot, self-driving cars, and the idea of a robot taxi service that would be a mix of Uber and Airbnb as the company continues to focus on improvements in AI.
The entire company uses AI technology in some fashion, from forecasting customer demand to the Alexa device that can be found in many homes. Amazon uses AI at some fulfillment centers, as robots work with human beings. The company then uses AI for product forecasting, as it would be difficult to maintain inventory levels with such a wide variety of items available online. Amazon also utilizes chatbots for customer service functions to help make the entire shopping process smoother.
Additionally, Amazon Fresh and Amazon Go stores use the Just Walk Out payment system, where you don’t have to deal with a human to check out your purchases.
Workday, Inc. ($WDAY)
Workday believes that AI is changing the way companies use HR analytics. The company helps larger firms with AI-powered and cloud-based HR services. The companies that use Workday are given analytics tools to help with making data-driven decisions and financial tools for budget planning. The company mainly uses AI for informed decision-making regarding staffing, insights on unlocking opportunities, and improving experiences so that workers can realize their full potential.
International Business Machines Corp. ($IBM)
IBM was actually at the forefront of AI-based technology when the Deep Blue supercomputer defeated chess champion Garry Kasparov back in 1997. IBM’s Watson has recently made headlines for its AI efforts as it’s used to predict future occurrences, optimize tasks, and help folks with time management.
International Business Machines Corp. recently announced that they are training customer service robots to sound more human for improved connections. IBM offers conversational chatbots to business clients who want to improve customer service and digital experiences.