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Artificialintelligence has revolutionized several facets of our lives without useven realizing it. Whether it's YouTube recommendations, ChatGPTearly detection of disease in humans, or real-time data analytics, AIhas become accessible to everyone. It’s therefore no surprise that,according to a report from PwC, AI will contribute $15.7 trillion tothe global economy by the end of the coming decade!
From an investorstandpoint, AI continues to present a huge opportunity, and luckily,there’s more than one way to position your portfolio to benefit froma continuing AI revolution. You can invest in companies that build AIhardware, develop AI solutions, or sell AI development tools. Withthat being said, here are four companies that appear well placed toreap outsized returns from the burgeoning AI market.
In the dynamic landscapeof artificial intelligence, Genesis AI Corp. (CSE:AIG)(OTCQB:AIGFF) emerges as a trailblazer, pushing the boundaries ofinnovation to create a future where cutting-edge technology convergeswith sustainable environmental practices. At the core of thistransformative journey lies Genesis AI, a proprietary generative AImodel currently in development, poised to redefine our relationshipwith natural resources.
Genesis AI Corp. strategically focuses on a diverse array ofsectors, each playing a pivotal role in the company's overarchingmission. Precision geospatial analytics, forestry analytics, miningexploration, and the carbon sector serve as arenas where Genesis AI isactively making its mark. The company's commitment goes beyondmere participation; it signifies a dedicated effort to usher inpositive change and promote sustainable practices.
One of the mostimpactful initiatives within Genesis AI Corp.'s portfolio is itscommitment to revolutionizing forest fire management. Thecompany's tools go beyond prediction; they are designed to beproactive, anticipating forest fire behavior, expediting responsetimes, and contributing significantly to the establishment of moreresilient forests. This commitment manifests through ongoing projects,research endeavors, and strategic acquisitions.
Embedded within GenesisAI's DNA is the pursuit of artificial general intelligence (AGI).The company was originally founded by Harvard alumni and is currentlybacked by eminent MIT and Harvard professors. Its goal is to build aplatform that will connect thousands of expert AI tools. Having raisedapproximately $5 million and deployed over 35 crowdsource expert AItools on its platform, Genesis AI Corp. operates on a model where AIsuppliers bring technology, and Genesis AI facilitates theirmonetization by connecting them with users.
Originally targetingretail investors for AI tools in investing and trading, GenesisAI's focus has evolved. The company's Genesis AI, aproprietary generative AI model, is currently under development,crafting digital twins for real-world applications in naturalresources. These digital twins, manipulated and studied incomputer-generated worlds, harness the power of deep machine learningand neural networks to provide disruptive real-world solutions.
In pursuit of its AGImission, Genesis AI Corp. is not confined to a singular domain.Opportunities in precision geospatial analytics, forestry analytics,mining exploration, and the carbon sector are actively being exploredand capitalized upon through the integration of AI. The company is notmerely developing tools; it is engineering solutions to predict forestfire behavior, expedite response times, and contribute to buildingmore resilient forests.
A pivotal moment in the company's trajectory occurred onNovember 18 when Genesis Ai Corp. revealed its agreement to acquire100% of AI GeoIntelligence, a Denver-based firm specializing inutilizing AI for actionable insights from forest data obtained throughremote sensing technologies. This strategic move enhances GenesisAI's capabilities, allowing access to a significant pipeline ofopportunities in mining, carbon, and geospatial analysis projects inAustralia.
Theacquisition aligns seamlessly with Genesis AI's commitment toleveraging the most advanced remote sensing technologies andtechniques. AI GeoIntelligence's expertise in extractingactionable insights from data gathered by state-of-the-art remotesensing tools, such as airborne LIDAR and hyperspectral imagery,further amplifies Genesis AI Corp.'s capabilities.
A testament to thecompany's dedication to technology development is its recentannouncement regarding the hiring of co-op students from theUniversity of British Columbia. These students, working on projectsrelated to the development of the Genesis wildfire module, signify acollaborative effort to propel technology forward. Geoff Fawkes,Genesis CTO, emphasizes the value of fresh perspectives from co-opstudents, highlighting their role in building world-classtechnology.
Inaddition to its technology-centric endeavors, Genesis AI Corp. hasengaged Gina Capital Ltd. to provide investor relations and consultingservices, with a focus on the German stock market and theGerman-speaking investor community. This strategic move underscoresthe company's commitment to expanding its reach and visibility onthe global stage.
As Genesis AI Corp. continues its journey, the intertwining ofadvanced AI technology with environmental stewardship remains aconstant theme. The company's trajectory signifies not just apursuit of technological advancement but a commitment to harnessingthat advancement for the greater good. In a landscape where innovationmeets sustainability, Genesis AI Corp. stands as a beacon,illuminating the path towards a future where AI is not just a tool buta force for positive change.
On November 21, C3.AI (NYSE:AI) debuted anew version of its C3 Generative AI platform that organizations canaccess through the AWS Marketplace. The platform, which rolled outback in May this year, gives knowledge workers the ability to searchtheir organizations’ internal data for specific items using naturallanguage prompts as well as run analyses to find useful patterns inthat data.
Thoughthe platform is built to process both structured and unstructureddata, the new version that was launched on the AWS Marketplace willhave a narrower focus as it has been designed to help users moreeasily analyze text stored in files such as Word documents, PowerPointpresentations, and webpages.
“Search is bigger than simply finding a piece ofinformation within a mountain of documents,” said C3 Chief ExecutiveOfficer Thomas Siebel. “It’s about finding insights within thatdata quickly and being able to act on them immediately and securely,changing the possibilities of what enterprises canaccomplish.”
Shares of C3 AI jumped following the news and have gainednearly 170% this year, boosted by booming demand for AI products, andit appears shares could have more room to run. According toOppenheimer analyst Tim Horan, “the ‘AI’ theme is real anddurable, with C3.AI well positioned as one of the few pure playshelping customers drive new revenue sources and major productivityimprovements; it should accelerate growth into ‘25E.” Thesecomments back up the new Outperform rating, and Horan’s price targetof $40 implies the shares will gain ~39% on the one-year timehorizon.
Nvidia(NASDAQ:NVDA) has been one of the biggest winners amid all of theAI excitement. Its years of dominance in graphics processing units(GPUs) perfectly positioned it to profit substantially from themarket's growth, as the chips are crucial to developing AI models.As a result, Nvidia shares have skyrocketed 237% on a year-to-datebasis on the backdrop of exceptional earnings results.
The company reportedbetter-than-expected Q3 2024, with revenues more than doubling on ayear-over-year basis to $18.1 billion and up 34% sequentially, whichwas above guidance and analysts’ estimates of $16 billion. Datacenter revenue, driven by exploding AI GPU demand, remains one of thekey growth factors that investors will likely be keeping an eye on,considering the segment’s revenue came in at $14.5 billion, up 41%sequentially and 279% year over year.
According to Nvidia CEO Jensen Huang,“Generative AI is the largest TAM expansion of software and hardwarethat we've seen in several decades. At the core of it, what'sreally exciting is that what was largely a retrieval-based computingapproach—almost everything that you do is retrieved off of storagesomewhere—has been augmented now with a generative method. Andit's changed almost everything. You could see that text-to-text,text-to-image, text-to-video, text-to-3D, text-to-protein,text-to-chemicals—these were things that were processed and typed inby humans in the past. And these are now generativeapproaches.”
Just last week, Microsoft (NYSE: MSFT) unveiled a pairof custom-designed computing chips at its Ignite conference, followingother big tech firms that are bringing key technologies in-house in abid to cut down on the high cost of delivering artificial intelligenceservices.
Thefirst, its Maia 100 artificial intelligence chip, could compete withNvidia’s AI graphics processing units, while the second is theCobalt 100 Arm-based chip, which will be aimed at general computingtasks and could compete with Intel processors. Microsoft said it doesnot plan to sell the chips but instead will use them to power its ownsubscription software offerings and as part of its Azure cloudcomputing service.
At the same time, the company’s $13 billion investment inOpenAI was at the core of an interesting turn of events. Last week’ssurprising sacking of CEO Sam Altman, even though he was reinstatedfive days later, threatened to disrupt Microsoft’s core AIstrategy.
Microsoft’s CEO, Satya Nadella, however, appeared to turn thesituation in the company’s favor, announcing that Microsoft wouldhire Altman and Greg Brockman, the former OpenAI chair who resignedlast week. Considering that most employees threatened to resign unlessAltman wasn’t reinstated, the move appeared to leave Microsoft in aposition to take on much of OpenAI’s talent without having to pay apremium for the company or its technology.
In his first interview since the crisis broke, Nadella toldCNBC’s Jon Fortt that Microsoft respects OpenAI’s nonprofit rootsand shares its belief that AI needs to be developed and rolled out ina safe manner. “We want to make sure that we’re dealing with notonly the benefits of technology but also the unintended consequencesof the technology from day one, as opposed to waiting for things tohappen,” Nadella said.
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