Artificial Intelligence is a constantly transforming industry and is rapidly becoming a profitable one as well with many opportunities to invest at the ground level this year with potential for tremendous growth.

Here are 5 AI companies you should investigate investing stock in this year.

Tencent (TCEHY)

This is one of the largest social media companies to come out of China. They recently founded an AI lab which developed tools to process information across its ecosystem. It developed tools for natural language processing, news aggregators and facial recognition. They also have one of China’s top video streaming platforms, Tencent Music. They will report their second-quarter earnings on May 15, and it will be the first time the company reports its AI business as a separate segment.

Nvidia Corporation (Nasdaq: NVDA)

Their graphics processing unit (GPU) technology enables AI in self-driving cars, gaming, the cloud, Big Data and many other areas. Some hesitation comes from their recent sales plunge of 24% in the most recent quarter, but experts say that they should see some sharp improvements from there and hold fiscally steady in 2020. They will announce their first-quarter results after the market closes on May 16, and the report is likely to spark plenty of volatility in the stock.

Microsoft Corp. (MSFT)

To keep up with Amazon and Google in the cloud-centric community, Microsoft has made a play for some major AI breakthroughs. They have developed AI tools for genomics and precision medicine, human language technologies, assistive robotics, machines that can read medical images and consumer-facing technology with Cortana. They are not to be underestimated in the AI realm this year.

Twilio (TWLO)

This cloud software business is on an unexpected rise and not to be overlooked this year. Twilio’s application programming interfaces (APIs) are used by software developers to make and receive voice and text messages through voice to text AI software. (AMZN)

It is no surprise that Amazon makes the list. Their machine already outranks most of the competition in product search inquiries, personalized recommendations, demand forecasting, fraud protection and warehouse fulfillment. Alexa has been using AI for some time and now they are moving into the healthcare field and their partnerships with JPMorgan Chase & Co. (JPM) and Berkshire Hathaway (BRK.A, BRK.B) will also be an AI-driven company.

Source: “artificial intelligence” – Google News