This story was originally published here.
Artificial intelligence (AI) is one of the hottest and most controversial segments of the technology industry. Elon Musk is wary of it and wants AI regulated. Tech companies are plowing resources into it. Investors see AI stocks as having huge growth potential.
For all of its complexity, the potential and allure of AI is straightforward. In a 2018 McKinsey & Company report, Professor Ajay Agrawa, of the University of Toronto’s Rotman School of Management sums it up in single a sentence: “AI serves a single, but potentially transformative, economic purpose: it significantly lowers the cost of prediction.”
If you want to invest in the companies that are bringing about this transformation, I’ve put together a list of eight of the best AI stocks on the market today…
Editor's Note: Click here to keep reading.
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Hi, John Jagerson here.
I’m a senior analyst here at InvestorPlace.
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Bank of America
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Senior Analyst, InvestorPlace
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