Artificial intelligence often refers to the development of technology that enables humans to perform their basic functions seamlessly. It is also used by companies to project themselves as leaders in the field of research. So what is Artificial Intelligence? According to Insider Monkey’s article, The 10 Best Artificial Intelligence Stocks to Buy in 2021 AI is an acronym for Artificial Intelligence that uses data analytics to perform repetitive tasks that would otherwise be carried out by humans. AI is mostly used to mimic the human mind. The principle use of the tech is to give humans a low level of pattern recognition that would allow them to concentrate on their other activities. Social media firms with data banks that enable them to collect and analyze massive amounts of data are leading the AI revolution. Their ability to collect and analyze data is also evidenced by their growing popularity. AI startups are becoming more prevalent in the world, with many of them focusing on improving the quality of life. For instance, Beewise, an Israeli startup, is developing solar-powered AI-based containers for bee colonies.
Insider Monkey’s Top 10 Best Artificial Intelligence Stocks to Buy in 2021 starts with Micron Technology, a leading manufacturer of memory and data storage products. It offers a variety of products for use in various electronic devices. The Micro SSDs are the most affordable large-capacity storage devices in the world. They are manufactured by Micron and use a new kind of chip. Also, Amazon is a multinational technology corporation founded in 1975. It is known for its e-commerce business, which has become one of the world’s largest. Adobe is a multinational software company known for developing popular apps for various industries such as photography, graphic design, and animation. Nvidia is a California-based company that develops graphics systems for video games and chipsets for smartphones and automobiles. Pinterest is a social media platform that encourages the use of images. The platform uses AI to identify and tailor the experiences of its users. For details of these companies, read The 10 Best Artificial Intelligence Stocks to Buy in 2021.