ZI - ZoomInfo To Lead The Second Wave Of AI Investments
2024-01-29 13:03:55 ET
Summary
- ZoomInfo had a rough 2023, but its fortunes are turning as Artificial Intelligence technology is driving a new business line for them.
- Data will be the fuel for AI, and companies with unique and valuable datasets will become more valuable.
- ZoomInfo is a strong buy as its unparalleled B2B contact database, will benefit from the demand for high-quality data and AI-driven marketing.
2023 was the year of artificial intelligence ((AI)). And this is continuing into 2024. But I'm looking for companies set to benefit from the proliferation of AI that haven't taken off yet. One such company is ZoomInfo ( ZI ). ZI's business-to-business (B2B) contact database is the biggest and most up-to-date in the world. And this data will be imperative for marketing and sales teams to use in their generative AI models.
The Fuel of AI
Data fuels AI. Without data, AI models could not be trained and they’d have no data to interpret. Over the next 10 years, I see GPUs for processing AI applications will become commoditized. Competition is increasing already and soon we will see chips developed by all major tech companies compete against each other. Prices and profit margins will fall....
ZoomInfo To Lead The Second Wave Of AI Investments