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Artificial intelligence stocks

You might think that AI is just for sci-fi movies, but it's slowly working its way into our day to day lives. Here we cover some of the best AI stocks to invest in.

Artificial intelligence (AI) systems do things that humans would use intelligence for. These systems may include planning, learning and problem solving. There are loads of examples of AI in science fiction shows like Westworld, Humans and Black Mirror, albeit all with a bit of a negative swing on it.

No doubt, you come across AI in your everyday life – whether it’s a small task like asking Alexa to turn your lights on, getting the Roomba to clean your living room or having your registration number recognised by a traffic camera.

There are some revolutionary and even life-saving uses for AI too, such as self-driving cars and applications that can help spot tumours in X-rays.

Find out what companies are making moves in artificial intelligence and how you can invest in some of them.

These are some of the companies that are making moves in AI.

Amazon

Of course, you’ll have heard of Amazon. It powers the Alexa enabled devices in your home that turn on your lights, set your alarms and notify you of what’s being delivered. It’s more sophisticated than many even understand as it can recognise who it’s talking to and even if you’re whispering.

On the Amazon site, AI determines what adverts to show you and what products you may be interested in based on your previous purchases (although it believes that my slow cooker was the first in a collection of slow cookers).

There’s little doubt that Amazon will grow its AI even further beyond where it is now.

Alphabet

You probably know Alphabet by its child’s name, Google. Of course, Google is an amazing and revolutionary search engine that’s even been turned into a verb (a rare accomplishment also awarded to FaceTime and Hoover).

Alphabet is aiming to make its AI systems accessible to everyone under an open-source licence. It is building AI into its search function as well as its advertising system. Autonomous driving technology company Waymo is a subsidiary of Alphabet.

Nvidia

Nvidia has been a way for investors to get access to AI for quite some time. It creates technology that is central to AI. Its graphics processing unit (GPU) helps to power autonomous vehicles, cloud computing and high-performance gaming. These are areas that require deep learning.
Nvidia is partnered with Sony and in January 2020 unveiled a car at the Consumer Electronics Show in Las Vegas.

IBM

International Business Machines (IBM) sells AI tool kits for healthcare, cybersecurity, financial services, supply chain, video and customer services. It’s well known for its chess computer “Deep Blue” beating chess grandmaster Garry Kasparov at a game of chess in 1997.

It aims to infuse AI into everything we do to help make more accurate predictions, automate decisions and processes and optimise employee time. It’s got “Watson”, which brings AI tools and apps together with data. There are loads of pre-built Watson applications such as the Watson assistant and Watson Discovery, or you can use Watson APIs such as visual recognition, text to speech or personality insights.

Apple

Apple has tons of AI. We’ve been asking Siri to send texts, do quick maths sums and set our alarms for years. This feature makes use of machine learning and is the most obvious use of AI, but there are actually loads of examples of AI in the background.

Say you’re drawing with the Apple Pencil and you lean your palm against the screen. Machine learning means that the iPad knows not to scribble in the area that your palm is rested.

Then, in the Photos app, the iPhone sorts your photos into categories and can recognise faces in photographs and sort them. Assign your niece’s name to a photograph of her and you’ll be able to search the name in the app to find every photo you’ve got of her.

Artificial intelligence ETFs

If you’re looking for some exchange-traded funds (ETFs) that invest in companies making marks in AI, then you’re in the right place.

ARK Industrial Innovation ETF (ARKQ)

Key holdings:

TickerCompany name
TSLATesla Inc
MTLSMaterialise NV
TWOU2U Inc
XLNXXilinx Inc
PRLBProto Labs Inc
DEDeere & Co
JDJD.Com Inc
TRMBTrimble Inc
GOOGAlphabet Inc
SSYSStratasys Ltd

Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ)

Key holdings:

TickerCompany name
NVDANVIDIA Corp
ABBNAbb Ltd
ISRGIntuitive Surgical Inc
6861Keyence Corp
6954Fanuc Corp
RSWRenishaw PLC
TECNTecan Group AG
6645Omron Corp
6383Daifuku Co Ltd
6506Yaskawa Electric Corp

iShares Robotics and Artificial Intelligence ETF (IRBO)

Key holdings:

TickerCompany name
PINSPinterest Inc
1810Xiaomi Corp
AMDAdvanced Micro Devices Inc
6594Nidec Corp
YNDXYandex NV
66570LG Electronics Inc
MAILMail ru Group Ltd
3888Kingsoft Corp Ltd
NVDANVIDIA Corp
DOYUDouyu International Holdings Ltd

AI Powered Equity ETF (AIEQ)

Key holdings:

TickerCompany name
GOOGLAlphabet Inc
AMZNAmazon.com Inc
AAPLApple Inc
AMDAdvanced Micro Devices Inc
Cash ComponentCash Component
MSFTMicrosoft Corp
TDOCTeladoc Health Inc
TSLATesla Inc
LVGOLivongo Health Inc
TMOThermo Fisher Scientific Inc

AI Powered International Equity ETF (AIIQ)

Key holdings:

TickerCompany name
SHOPShopify Inc
SAPSAP SE
TMToyota Motor Corp
AZNAstraZeneca PLC
RHHBYRoche Holding AG
Cash ComponentCash Component
SIESiemens AG
GRVYGravity Co Ltd
TEAMAtlassian Corporation PLC
SPOTSpotify Technology SA

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