Contrary to popular belief, artificial intelligence actions are less common. Although more common than Quantum Computing actions, companies are currently attempting to increase these capabilities by creating AI-specific chips and computers that allow them to fully automate increasingly complex tasks.
Artificial intelligence is used by companies mainly in two ways:
- Numerous IT companies use artificial intelligence to strengthen their current operations, for example through well-known applications such as robotics, self-driving cars and virtual assistants.
- While other companies also make money directly from artificial intelligence by selling the necessary tools, software, services or skills.
Today, we look at NullTX’s choice of the top five AI titles to keep an eye on in 2022.
Note: This list is sorted by market capitalization from lowest to highest.
iRobot Corporation (IRBT)
- Sector – Technology
- Market Cap – $1.05 billion
- Price – $37.99
Thanks to its integration of robotics and artificial intelligence, iRobot Corporation is one of the best artificial intelligence titles for 2022. It is best known for its Roomba floor cleaning robots. In addition, iRobot manufactures Root coding robots for children, Braava floor cleaning robots and designs and manufactures robots for a wide range of categories globally.
iRobot Corporation ($IRBT) recently introduced the iRobot operating system, an intelligent operating system based on its Genius Home Intelligence platform. The iRobot OS solution uses IRBT’s robot vacuum cleaners for a proper cleaning experience for the customer at home.
Using Ai, the operating system can avoid various objects through its intelligent object detection capability, including wires, shoes, headphones, socks, towels, solid pet waste, and clothing items.
More than 80 typical household items can be recognized and avoided by cleaners using the operating system, and more items should be detected and avoided in future updates.
The iRobot operating system supports about 600 different Alexa, Siri and Google Assistant commands. The robot can use voice commands to clean a room or a specific area of the room. This space will see a lot of funding and adoptions, so cutting a slice in advance is not the worst idea.
C3.AI (NYSE:AI)
- Sector – Technology
- Market Cap – $2 billion
- Price – $19.30
Enterprise AI company C3.ai provides machine learning tools to key business players. Its adaptable software offers customer base system security, product reliability and financial protection.
C3.ai develops software that enables companies to use extensive artificial intelligence applications. The company’s products offer various uses and assist customers in accelerating software development while reducing costs and risks.
The U.S. Air Force, for example, employs C3 AI Readiness to anticipate air system problems, identify spare parts, and discover new approaches to improving mission capabilities.
A number of the company’s products, including those for chain management, energy efficiency, and customer engagement, have been recognized as some of the best to help companies become more efficient throughout the operations cycle.
C3.ai is one of the companies to think about this year, given its best-in-class offerings that have been accepted in various industries and the aia solutions it has developed.
Palantir Technologies Inc. (PLTR)
- Sector – Technology
- Market Cap – $19.422 billion
- Price – $9.54
Palantir focuses on artificial intelligence systems for security and defense. The U.S. Department of Defense gave him a contract to supplement the Army’s database of personal and security information, talking about the company’s huge long-term potential and its actions.
Palantir, a software development and data mining company, focuses on using big data and artificial intelligence to deliver insights and analytics to various customers. Secure data analysis and management software for public and private enterprises is the company’s main line of business.
- For government organizations, Palantir’s Gotham platform collects and extracts data.
- Palantir’s Foundry offers comparable services to large enterprise customers.
- Palantir’s Apollo focuses on using artificial intelligence in space exploration.
When it comes to AI systems and AI data applications, Palantir can be a promising investment.
MICRON TECHNOLOGY (NASDAQ:MU)
- Sector – Technology
- Market Cap – $65 billion
- Price – $59.41
Dynamic random access memory (DRAM) and NAND flash memory, both used in solid-state storage drives, are manufactured by Micron Technology. Most of the company’s products are raw materials; hence, prices are determined by supply and demand.
The demand for memory chips will continue to increase in the future, and the AI industry will benefit the most. Autonomous vehicles are a great example. According to Micron’s estimates, all sensors and cameras generate a lot of data, about 1 GB per second. Both data centers and smartphones that could run AI programs require a lot of memory. For example, recent iPhones use artificial intelligence to enhance photos taken with the camera, which requires substantial resources.
Due to the nature of its business, Micron will likely continue to be volatile. However, the long-term need for memory chips is fueled by artificial intelligence, but supply and demand dominate the supreme in the short term. If you can handle an erratic stock, $MU is not a bad method of betting on AI.
NVIDIA (NASDAQ:NVDA)
- Sector – Technology
- Market Cap – $378 billion
- Price – $151.63
NVIDIA Corporation, a giant in the graphics chip industry, is rated as one of the best artificial intelligence stocks for 2022. The high-end processors produced by Nvidia, which also power one of the world’s most powerful supercomputers, Leonardo, and the future AI supercomputer Eos, give the company its stellar reputation in the market.
The training phase of machine learning uses many computational resources; the inference phase, which comes later, uses less. Both phases are highly supported by GPU (Graphics Processing Unit) processors, which are mainly used for rendering video games.
Autonomous vehicles are another topic of interest as Nvidia creates technology and software solutions that can support driver assistance and fully autonomous driving.
A self-driving car must collect huge volumes of real-time data from different sensors and cameras, identify objects such as pedestrians and other vehicles, and make difficult decisions. They require huge computing power, and Nvidia’s technology offers just that.
Final Thoughts
Companies use artificial intelligence to automate and simplify their business processes; this is not only for full-time tech companies, but also for those in the medical, financial, and even sports industries.
Today, many companies are integrating AI into their system, and with increased adoption, space is a potential hotcake in the coming years.