Artificial intelligence has revolutionized several facets of our lives without us even realizing it. Whether it's YouTube recommendations, ChatGPT early detection of disease in humans, or real-time data analytics, AI has become accessible to everyone. It’s therefore no surprise that, according to a report from PwC, AI will contribute $15.7 trillion to the global economy by the end of the coming decade!
From an investor standpoint, AI continues to present a huge opportunity, and luckily, there’s more than one way to position your portfolio to benefit from a continuing AI revolution. You can invest in companies that build AI hardware, develop AI solutions, or sell AI development tools. With that being said, here are four companies that appear well placed to reap outsized returns from the burgeoning AI market.
In the dynamic landscape of artificial intelligence, Genesis AI Corp. (CSE:AIG) (OTCQB:AIGFF) emerges as a trailblazer, pushing the boundaries of innovation to create a future where cutting-edge technology converges with sustainable environmental practices. At the core of this transformative journey lies Genesis AI, a proprietary generative AI model currently in development, poised to redefine our relationship with natural resources.
Genesis AI Corp. strategically focuses on a diverse array of sectors, each playing a pivotal role in the company's overarching mission. Precision geospatial analytics, forestry analytics, mining exploration, and the carbon sector serve as arenas where Genesis AI is actively making its mark. The company's commitment goes beyond mere participation; it signifies a dedicated effort to usher in positive change and promote sustainable practices.
One of the most impactful initiatives within Genesis AI Corp.'s portfolio is its commitment to revolutionizing forest fire management. The company's tools go beyond prediction; they are designed to be proactive, anticipating forest fire behavior, expediting response times, and contributing significantly to the establishment of more resilient forests. This commitment manifests through ongoing projects, research endeavors, and strategic acquisitions.
Embedded within Genesis AI's DNA is the pursuit of artificial general intelligence (AGI). The company was founded by Harvard alumni and is backed by eminent MIT and Harvard professors. Its goal is to build a platform that will connect thousands of expert AI tools. Having raised approximately $5 million and deployed over 35 crowdsource expert AI tools on its platform, Genesis AI Corp. operates on a model where AI suppliers bring technology, and Genesis AI facilitates their monetization by connecting them with users.
Originally targeting retail investors for AI tools in investing and trading, Genesis AI's focus has evolved. The company's Genesis AI, a proprietary generative AI model, is currently under development, crafting digital twins for real-world applications in natural resources. These digital twins, manipulated and studied in computer-generated worlds, harness the power of deep machine learning and neural networks to provide disruptive real-world solutions.
In pursuit of its AGI mission, 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 explored and capitalized upon through the integration of AI. The company is not merely developing tools; it is engineering solutions to predict forest fire behavior, expedite response times, and contribute to building more resilient forests.
A pivotal moment in the company's trajectory occurred on November 18 when Genesis Ai Corp. revealed its agreement to acquire 100% of AI GeoIntelligence, a Denver-based firm specializing in utilizing AI for actionable insights from forest data obtained through remote sensing technologies. This strategic move enhances Genesis AI's capabilities, allowing access to a significant pipeline of opportunities in mining, carbon, and geospatial analysis projects in Australia.
The acquisition aligns seamlessly with Genesis AI's commitment to leveraging the most advanced remote sensing technologies and techniques. AI GeoIntelligence's expertise in extracting actionable insights from data gathered by state-of-the-art remote sensing tools, such as airborne LIDAR and hyperspectral imagery, further amplifies Genesis AI Corp.'s capabilities.
A testament to the company's dedication to technology development is its recent announcement regarding the hiring of co-op students from the University of British Columbia. These students, working on projects related to the development of the Genesis wildfire module, signify a collaborative effort to propel technology forward. Geoff Fawkes, Genesis CTO, emphasizes the value of fresh perspectives from co-op students, highlighting their role in building world-class technology.
In addition to its technology-centric endeavors, Genesis AI Corp. has engaged Gina Capital Ltd. to provide investor relations and consulting services, with a focus on the German stock market and the German-speaking investor community. This strategic move underscores the company's commitment to expanding its reach and visibility on the global stage.
As Genesis AI Corp. continues its journey, the intertwining of advanced AI technology with environmental stewardship remains a constant theme. The company's trajectory signifies not just a pursuit of technological advancement but a commitment to harnessing that advancement for the greater good. In a landscape where innovation meets sustainability, Genesis AI Corp. stands as a beacon, illuminating the path towards a future where AI is not just a tool but a force for positive change.
On November 21, C3.AI (NYSE:AI) debuted a new version of its C3 Generative AI platform that organizations can access through the AWS Marketplace. The platform, which rolled out back in May this year, gives knowledge workers the ability to search their organizations’ internal data for specific items using natural language prompts as well as run analyses to find useful patterns in that data.
Though the platform is built to process both structured and unstructured data, the new version that was launched on the AWS Marketplace will have a narrower focus as it has been designed to help users more easily analyze text stored in files such as Word documents, PowerPoint presentations, and webpages.
“Search is bigger than simply finding a piece of information within a mountain of documents,” said C3 Chief Executive Officer Thomas Siebel. “It’s about finding insights within that data quickly and being able to act on them immediately and securely, changing the possibilities of what enterprises can accomplish.”
Shares of C3 AI jumped following the news and have gained nearly 170% this year, boosted by booming demand for AI products, and it appears shares could have more room to run. According to Oppenheimer analyst Tim Horan, “the ‘AI’ theme is real and durable, with C3.AI well positioned as one of the few pure plays helping customers drive new revenue sources and major productivity improvements; it should accelerate growth into ‘25E.” These comments back up the new Outperform rating, and Horan’s price target of $40 implies the shares will gain ~39% on the one-year time horizon.
Nvidia (NASDAQ:NVDA) has been one of the biggest winners amid all of the AI excitement. Its years of dominance in graphics processing units (GPUs) perfectly positioned it to profit substantially from the market's growth, as the chips are crucial to developing AI models. As a result, Nvidia shares have skyrocketed 237% on a year-to-date basis on the backdrop of exceptional earnings results.
The company reported better-than-expected Q3 2024, with revenues more than doubling on a year-over-year basis to $18.1 billion and up 34% sequentially, which was above guidance and analysts’ estimates of $16 billion. Data center revenue, driven by exploding AI GPU demand, remains one of the key 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 hardware that we've seen in several decades. At the core of it, what's really exciting is that what was largely a retrieval-based computing approach—almost everything that you do is retrieved off of storage somewhere—has been augmented now with a generative method. And it'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 in by humans in the past. And these are now generative approaches.”
Just last week, Microsoft (NYSE:MSFT) unveiled a pair of custom-designed computing chips at its Ignite conference, following other big tech firms that are bringing key technologies in-house in a bid to cut down on the high cost of delivering artificial intelligence services.
The first, its Maia 100 artificial intelligence chip, could compete with Nvidia’s AI graphics processing units, while the second is the Cobalt 100 Arm-based chip, which will be aimed at general computing tasks and could compete with Intel processors. Microsoft said it does not plan to sell the chips but instead will use them to power its own subscription software offerings and as part of its Azure cloud computing service.
At the same time, the company’s $13 billion investment in OpenAI was at the core of an interesting turn of events. Last week’s surprising sacking of CEO Sam Altman, even though he was reinstated five days later, threatened to disrupt Microsoft’s core AI strategy.
Microsoft’s CEO, Satya Nadella, however, appeared to turn the situation in the company’s favor, announcing that Microsoft would hire Altman and Greg Brockman, the former OpenAI chair who resigned last week. Considering that most employees threatened to resign unless Altman wasn’t reinstated, the move appeared to leave Microsoft in a position to take on much of OpenAI’s talent without having to pay a premium for the company or its technology.
In his first interview since the crisis broke, Nadella told CNBC’s Jon Fortt that Microsoft respects OpenAI’s nonprofit roots and shares its belief that AI needs to be developed and rolled out in a safe manner. “We want to make sure that we’re dealing with not only the benefits of technology but also the unintended consequences of the technology from day one, as opposed to waiting for things to happen,” Nadella said.
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