At Financial Gambits we have put together a list of 7 companies we think will outperform due to their prominent AI technology. Our research found a set of companies with AI technology that could excel relative to their peers. These companies have varied degrees of AI tech and we have put together a list that we think are solid choices for your review.
C3.ai is an enterprise AI software provider, which develops artificial intelligence (AI) algorithms to help large organizations optimize and streamline operations. As a leader in the AI industry, C3.ai’s recent contracts include a five-year deal with the U.S. Department of Defense worth $500 million. The company’s tools help its customers accelerate software development and reduce cost and risk, and they have a wide variety of applications. For example, the U.S. Air Force uses C3 AI Readiness to predict aircraft systems failures, identify spare parts, and find new ways to increase mission capability. In 2022, the company has announced an expansion of AI-based services that extend to finance, healthcare, agriculture, life sciences, manufacturing, and more. The company’s tools have been recognised as some of the best for companies to become more efficient across the cycle of operations, including chain management, energy efficiency, and customer engagement.
IBM has decades-long worth of research and development of AI applications, most notably its AI supercomputer Watson, which is currently a major competitor alongside other AI companies like Google, Microsoft and Amazon. IBM also offers consulting and hybrid cloud infrastructure to clients. In recent years, the company has placed great focus on becoming a leading provider in the hybrid cloud segment and AI that can be beneficial for companies looking to digitally transform their businesses. For years, IBM has been developing ways to adapt its AI supercomputer Watson to revolutionize health care, finance, law and academia. IBM’s strategy with AI is to apply the technology in ways that augment human intelligence, increase efficiency, or lower costs. In the healthcare industry, IBM’s AI technology is being used to create individualized care plans, accelerate the process of bringing new drugs to market, and improve the quality of care.
Serial entrepreneur Peter Thiel’s Palantir is a software development and data-mining firm that specializes in leveraging big data and AI to provide insights and analytics for a wide list of clients The company’s primary business centers around secure data analytics software and management to the government and private organizations. Palantir’s Gotham platform collects and mines data for government agencies while Foundry provides similar services for large enterprise clients. Palantir also runs the Apollo, which has been crucial in using artificial intelligence in space exploration
Perhaps no company is using AI more widely than Amazon. Although Amazon started as an online retailer, technology has always been at the company’s core. The e-commerce giant makes extensive use of artificial intelligence across its company wide operations. This includes the algorithms it runs for e-commerce searches, target advertising and Amazon Web Services (AWS). And there is, of course, the widely popular virtual assistant Alexa which is used by 40 million people in the US alone. Amazon might be better known for its e-commerce services but it’s quickly becoming a name to be reckoned with when it comes to AI. Besides the features already mentioned, Amazon also offers a long list of AI applications to its clients, mostly through its AWS, including voice recognition, chatbots and speech-to-text tools that use AI to help developers create their own services. There are many other projects in which Amazon uses AI, including Amazon’s Prime Air delivery drones and fully automated grocery stores – Amazon Fresh.