Artificial Intelligence (AI) has been characterized by some as the fourth industrial revolution, with many investing heavily in this technology. AI is a ground-breaking technology that aims to allow computers and machines to function in an intelligent manner. Machine Learning (ML), is a branch under AI that builds on training machines to learn, adapt, and make decisions based on experience rather than a predetermined guidelines. This allows them to develop analytical and statistical models, gaining capability to make decisions on their own. While AI technology continues to revolutionize the world, how can one decipher what stocks to buy? What are the top AI companies to invest in?
A report from McKinsey Global Institute predicts that AI can potentially reach $13 trillion by 2030, increasing global GDP by approximately 1.2 percent per year. Though AI technology has been around for a long time, cloud computing has been a catalyst in its growth. The cloud infrastructure automates processes and streamline workloads while maximizing data security. It is no secret as to why companies from all across business industries from finance to healthcare are making investments.
AI software has potential for over 400 use cases and applications, therefore many tech companies are adopting AI into their workflow. The adoption of AI may follow an S-curve pattern, suggesting a slow start given the time associated with understanding and implementing the technology, followed by acceleration driven by competition and refinements of techniques and applications. As a result, AI stocks make for great long term investments to hold with potential for huge returns.
AI applications have the ability to exhibit promising results in many areas, spread across many industries. Many tech companies use AI to make their existing operations more effective with prominent applications, including robotics, autonomous vehicles, virtual assistants, and automation. Some of the top tech companies have been using AI technology for years. Google uses AI in their predictive search filters, Amazon uses AI to recommend products to customers, and Netflix uses AI to guide content creation.
AI is a growth business. Plenty of companies and individuals can profit from purchasing artificial intelligence stocks. Although selecting stocks in a growth industry comes with risk, there are plenty of companies to evaluate when deciding which AI companies in the stock market to invest in. Some of the AI stocks to watch and stocks to buy include Nvidia Corp, Google, Amazon, Microsoft, IBM, Meta Platforms (formerly known as Facebook), and DocuSign. However, given their popularity, these stocks can be quite expensive to purchase now.
At Omega Venture Partners, we have implemented a unique investment model that identifies leading Intelligent Software companies at their early-growth stage. With the expertise of our Founder and team, Omega Venture Partners is capitalizing on the next major technological evolution in Intelligent Software companies. With that in mind, here are a few of Omega’s most successful portfolio companies, and some of our picks for top AI companies to invest in.
Top AI Companies to Invest in at Omega
DataRobot is the AI Cloud leader that delivers a unified platform for all customers, all data types, and all environments to deploy accurate predictive models in a short period of time. Businesses can implement a real-time predictive analytic service backed by accurate ML models. It allows for business analytics without extensive background in ML or programming to build predictive analytics.
Verbit is the leading AI-powered transcription and captioning platform. It uses real-time captioning solution with high accuracy and quick delivery. Verbit utilizes a dual process to ensure that their captioning and transcription services meets the unique needs of their clients from remote work to student disability support.
Centaur Labs operates in the intersection of digital health and AI. Centaur labs uses AI to provide reliable, accurate data labels for the healthcare industry, an industry that generates about 30% of the world’s data. Accurate data labels are a key pre-requisite for AI applications and algorithms to function.
Replicant is one of Omega’s newest portfolio companies. Replicant’s AI platform allows customers to participate in natural conversations across voice, messaging, and other digital outlets to resolve their customer support issues. Their AI software helps companies automate their most common customer service calls while empowering agents to provide solutions to more complicated and nuanced customer challenges.
AI improves efficiency, ensures security, increases customer relationship, expands productivity, and enhances data processing capabilities, while providing companies with the technological competitive edge. Investing in AI and ML resources is critical to ensure sustained industrial growth and can provide exponential gains in return. See more about Omega’s portfolio here.
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