Today, it’s almost impossible that you have never heard of AI. From Google to social media sites like X (formerly Twitter), artificial intelligence assistants are present to cater to people’s needs and queries better. It has been seamlessly integrated into our daily lives without knowing it– you can go anywhere and the possibility of encountering that word is high.
You’ve heard it more than once but just like anyone else, you might have had a hard time defining AI or artificial intelligence. It is a technology that allows computers to think and learn like humans which enables them to perform tasks such as problem-solving and decision-making. The most popularly known example of AI is chatbots like ChatGPT, a generative language model that allows users to shape and guide a conversation according to their preferences regarding length, format, style, and level of detail. But as we speak, AI is building its way up and transcending the mental image of a robot taking the mundane tasks of humans. It is taking over different niches in the field of technology and innovation.
At CES 2024, the biggest consumer technology trade fair held last January, different companies and brands introduced a new line of products integrated with features that employ artificial intelligence. Automobile companies like Mercedes-Benz unveiled their new MBUX (Mercedes-Benz User Experience) in-car voice assistant powered by generative AI, which aims to deliver better services by establishing more seamless and humane interactions between the assistant and the drivers.
Similarly, Kia and Hyundai will reportedly invest $50 million in Tenstorrent, an AI semiconductor company, to accelerate the company’s production of AI chipsets and expedite the integration of next-level innovation to the succeeding models of the automobile companies.
Laying the Stakes on the Table
While AI just started to create a huge buzz last 2022, it has already climbed steeply in the stock market with companies tripling their stocks with AI endeavors. But for average consumers planning to invest in different AI rollouts, here’s what you need to know.
When investing, individual stocks are the most newbie-friendly option. Owning individual stocks means that you can directly purchase shares of companies that develop or utilize AI technology. It’s like owning a small piece of an entire corporation. When it comes to individual stocks, there is a potential for high returns if the company you invested in undergoes a breakthrough or shakes up the industry, and the stocks skyrocket. Just imagine it as if you bought a share from Tesla or NVIDIA before they were propelled to success.
Individual stocks also allow you to have an active role and control over which companies or quantify your investments. In this way, you can tailor your portfolio to target areas of AI that excite you, like computer vision or natural language processing. This also means that you are directly impacted by the success and failure of the company. Hence, investing this way demands deliberate decisions and calculated risks.
As an investor, you should be knowledgeable enough about AI technology and how it works. You must also do a great stretch of research about how a company strategizes with their specialization on their AI endeavors. Assess their company performance when it comes to innovating and strengthening people’s trust in them. Take it from the liking of sites like Vegasslotsonline, which offers over 16,000 slot games with great deals and trustworthy reviews that ensure the best for their consumers. This type of practice and qualities are some of the things that you must try to seek when weighing where you should place your stakes. You wouldn’t want your hard-earned money to plummet down in value in just a blink.
Tips To Think Through
Investing necessitates financial literacy and more than enough knowledge of the field or specific niche that you want to invest in. Despite being able to ascertain risks in investment, it pays off to consult your financial adviser for matters as risky as investments. It’s always a wise decision to come up with an investment strategy for specific circumstances that might be foreseen or not.
Just like what you know about investments, AI is another field in technology that is in its relatively early phase and is bound to be met with a lot of challenges that come with uncharted territory. It has a high volatility, just like any other investment activity. Hence, always keep a contingency in your plan for failure and never put on high stakes without fully understanding how things work.
As they say, haste makes waste. Thinking and strategizing are never optional but imperative, especially when talking about large amounts of hard-earned money. Risks are inevitable but losses can be mitigated by a good strategy and careful decision-making.
The future is here and manifesting through the flourishing of AI but the classic principle of thinking before clicking must always be applied.
