AI- How to Invest In AI ? 2023

AI is set to become a Multi-Trillion Dollar Industry. Here is how you can invest in its future?

What is AI (Artificial Intelligence) ?

Artificial Intelligence (AI) is a set of technologies that enable computers to perform a variety of advanced functions.

Also, including the ability to see, understand and translate spoken and written language , analyze data etc.

What are the 4 types of AI ?

According to the current system of classification there 4 primary AI types.

1. Reactive

2. Limited memory

3. Theory of mind

4. Self-aware

Who Invented AI ?

The earliest substantial work in the field of artificial intelligence was done in the mid -20th century. By the British Logician and computer pioneer Alan Mathison Turing.

Why AI is important ?

Today, the amount of data is generated , by both humans and machWhich far outpaces humans ability to absorb, interpret and make complex decisions based on our data.

Artificial intelligence forms the basis for all computer learning. Also, it forms the basis for all computer learning. And is the future of all complex decision making.

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Why Invest in AI will be beneficial ?

Trillions of dollars will be poured in to AI over the next decade.

1. Individual Stocks

The simplest way to invest in AI is by investing in individual stocks . There are several companies who are leading in the AI/ML space.

Investing in individual companies is generally considered risky.

Than investing in ETFs. As the success of your investment is largely dependent on the performance of that specific company.

There are many companies developing AI technology that could also be worth considering.

These companies also have the resources to acquire emerging independent startups who are shaping the space.

a. Amazon

b. IBM

c. Salesforce (CRM)

It is a cloud based customer relationship management platform . Which uses connected apps to bring companies and customers together.

d. Tesla

e. Microsoft

f. Meta Platforms Inc.

g. C3.ai (AI)

C3.Ai is involved in enterprise AI. Which offers done-for-you and customized AI applications to clients looking to go all digital . And get their companies on the cloud.

h. Adobe Creative Cloud products now all use Adobe’s AI platform, Sensei.

i. Google Google is planning to launch ChatGPT competitor in May 2023.

j. Alphabet (GOOG – 2.00%)

k. Nvidia (NVDA – 3.51%)

2. ETF’s

ETFs and funds can provide diversification. Additionally, it can help mitigate the risk.

Secondly it’s important to look at the underlying holdings of the fund and the expense ratio before investing.

Also make sure that that the ETF or fund truly tracks the AI sector . And not just b technology sector in general.

ETFs or exchange-traded funds , may be a better option to those who want exposure to the leading AI companies.

Without having to choose and track individual stocks.

a. First Trust Nasdaq Artificial Intelligence ETF

b. iShares Robotics and Artificial Intelligence ETF

c. Vanguard Information Technology ETF

d. ARK Autonomous Technology & Robotics ETF

3. Become a Builder

Perhaps the best way to truly invest in AI is by investing in yourself.Take the time to learn and understand the technology.

Trillions of venture dollars will be flooded into the space over the next decade. Building something useful and meaningful gives you an opportunity to capitalize.

4. Below are few favorite resources to begin – Machine learning and AI.

a. Google / Education

b. Courses : Machine Learning by Andrew Ng

c. Udemy: Artificial Intelligence A-Z

5. Venture Capital Firms

You can also invest in the venture capital firms that are focused on funding startups in the AI space. Investing in venture capital firms can be an effective way to gain exposure to early-stage companies in the AI space.

But it is also a high-risk , high – reward strategy , as the vast majority of startups fail.

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6. Create and Sell AI-Generated Graphic Elements

There are all sorts of graphics that you can make using AI tools to sell online. Or you can create your website and sell graphics through it.

7. Create AI-generated Art for Print-on-Demand

 Artbreeder

One of the most well-known names among AI art generators is Artbreeder, which is an image quality enhancer. The tool enables you to produce different variations of an image through the use of machine learning. 

8. Sell AI Generation as a Service

9. Investing in AI is not a short term strategy its a long-term strategy. AI is a rapidly evolving field . And its important to have a long-term perspective when investing in it.

10. Its important to consult you financial advisor to ensure that any investments in AI align with your overall investment strategy and risk tolerance.

11. Lastly, it’s important to keep in mind that AI investments are not guaranteed to perform well. And you should only invest what you can afford to lose.

What are the 5 Key benefits AI offers ?

1. Driving Revenue growth

Enterprises can leverage bever-increasing customer data with AI .

Additionally, machine learning tools for realizing and capitalizing on up-selling and cross-selling opportunities.

For instance, banks can use AI and machine learning to map user behavioral trends .

Additionally, machine learning to map user behavioral trends and provide custom-made loan offerings based on risk appetite.

2. Ensuring Contextual Customer Engagement

AI can help deliver a customer experience worth remembering by adding context. To complex customer engagement processes . And providing a seamless user experience.

A seamless experience at multiple touchpoints and personalized communications through various modes of engagement is a dream come true.

3. Improving Operational Agility

Enterprises with AI capabilities have a significant advantage as far as strategic decision making is concerned .

Also, AI helps improve operational agility by offering real time insights . And real recommendations in advance situations.

4. Enhancing Accuracy of Content -centric Processes

Companies can use AI to improve the accuracy of key business processes for ensuring content governance. And streamlining content-centric operations .

Financial Institutions , for instance, can accelerate various user journeys like customer onboarding with AI-enabled document verification & personal identification.

5. Enabling Intelligent Automation

Eliminating repetitive tasks and streamlining complex processes is a key business imperative today.

For instance, banks can utilize an AI-enabled system for automatically analyzing . And deciding loan requests in real time.

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AI can now Decode Brain Activity

Nita Farahany , a futurist at Dike University , claims that An AI can analyze our brainwaves already exists.

Additionally, she said , “artificial intelligence has enabled advances in decoding brain activity in ways we never before thought possible.

What you think , what you feel- it’s all just data . Secondly, data in large patterns can be decoded using artificial intelligence”.

Wearable devices (hats, headbands, ear tattoos , earbuds ) use EEG to pick up brain signals and AI-powered devices. Equally important to decode emotions, concentration , shapes and pre-conscious responses to numbers.

Conclusion

We absolutely can’t ignore that artificial intelligence is changing the way we do everything in every industry.

We just scratched the surface here when it comes to investing in AI. And many organizations are implementing AI-based technology.

Secondly, from the possibility of self-driving cars to social media algorithms showing you customized content.

You may have heard about AI being used in healthcare , as the World Economic Forum just announced . How AI could detect tuberculosis.

The hope is that machines will eventually replicate human intelligence. Without the need for human input or interference. This space is growing rapidly .

And it seems likely that every industry will be impacted by it.

Many major companies have invested heavily in AI. And it feels like if you don’t take it seriously , you could be left behind.

AI Predictions – According to Zion Market Research , the global AI industry should grow to $422.37 billion by 2028. This would be up from $59.67 billion in 2021.

Gartner predicts that by 2025, 70 % of organizations will have operationalized AI architectures. Due to the rapid maturity of AI orchestration initiatives .

It’s worth noting that many tech giants sell AI analytical services to business clients. From cloud computing to software tools.

FAQs

If you Bachelors degree in Computer Science , mathematics , IT, Statistics , Finance and Economics you can earn in the range of $114,000 to $141,000.

Another way to make money from your bots is by getting paid for them through paid work platforms like Google Adsense or Facebook Ads.

a. Director of Analytics

b. Principal Scientist

c. Computer Vision Engineer

d. Data Scientist

e. Data Engineer

f. Computer Scientist

Creating chatbots is extremely easy and within everyone’s reach.

There are tons of online bot development tools that you can use for free.

AI is used in various technologies like Automation, Machine Learning , NLP Robotics , Self driving cars and Machine vision etc.

Master of Code Global , Third Eye Data , DataRoot, DataRobot and H2O are top 5 recommended AI companies.