Artificial intelligence (AI) seems to go predictably awry in the movies. Films like “The Matrix” or “The Terminator” turn robots on unsuspecting humans and a long war ensues.
But the real AI technology under development intends to accomplish the opposite — improve our everyday lives and free up time for more productive activities.
Interested in backing the industry? Read on for Benzinga’s top picks for the best artificial intelligence stocks.
Overview: Artificial Intelligence Stocks
Most Americans were introduced to AI by the 1968 Stanley Kubrick classic “2001: A Space Odyssey.” But AI research actually predates modern science fiction going all the way back to the 1940s.
Enhanced computer technology and memory space allowed the IBM supercomputer Deep Blue to defeat Garry Kasparov, world chess champion, in 1997. AI programs have beaten the best of mankind at a number of contests in recent years, including IBM Watson’s victory over Jeopardy Champion Ken Jennings.
AI advances are everywhere today. Amazon uses AI to recommend products to shoppers, Google utilizes it in searches and Facebook even scoops up artificial intelligence startups without abandon.
Research increases as computational power grows. Companies investing heavily in AI today could pave the way for more growth in the future.
Best Online Brokers for Artificial Intelligence Stock
Artificial intelligence continues to grow at a rapid pace and finding shares to invest is no issue at most brokers. It’s easy to jump in as stocks and ETFs trade commission-free across the board now.
Take a look at our features to look for in artificial intelligence stock before you commit.
Features to Look for in Artificial Intelligence Stock
- True AI focus: Most major tech companies devote some financial and human capital toward AI development, but few have artificial intelligence at the forefront. Invest in a company that keeps an AI focus.
- Strong management: The future of AI is hard to predict because technology moves fast while public and federal perception remain somewhat stagnant. The best companies involve vision and leadership from executives who want more than just a happy conference call every 3 months.
- Pipeline of projects: Profits from artificial intelligence come from a variety of angles — driverless cars, virtual assistants, smarter search, automated customer service and more. Look for companies with a variety of projects consuming energy and capital.
Investing in Intelligent Machines
AI research may look scary in the movies, but the companies on this list aren’t looking to take over the world with an army of robots — at least not yet.
The goal of companies like NVIDIA and Salesforce is to make human lives easier. AI can improve search function, organize businesses and turn complex processes into simple decisions. AI could allow humankind the best of both worlds — the creativity of the human brain with the precision and speed of a computer.