Artificial intelligence (AI) generally involves machines or software that demonstrates some level of humanlike judgment, and it’s a technological advancement that will change the world. AI implementation has the power to reshape virtually every industry, including retail, healthcare, mobility, and manufacturing. And it will likely create vast fortunes for some in the process.
For investors hoping to cash in on the trend toward AI, NVIDIA (NASDAQ: NVDA), Pinterest (NYSE: PINS), and Adobe (NASDAQ: ADBE) look like smart long-term stock investments. Here’s why these are three artificial intelligence stocks to consider adding to your portfolio.
Machine learning is a type of artificial intelligence that uses vast amounts of data to “train” algorithms, with the goal of creating a model (the output of an algorithm) capable of making decisions. Put another way, machine learning is the science of teaching machines to be think for themselves using predetermined instructions. Doing this well is both a time-consuming and a costly process.