Artificial intelligence (AI) continues to evolve and advance rapidly, becoming increasingly integrated in the automation of everyday life and a focal point of growth in the technology sector.
Market cap: AU$11.08 billion; current share price: AU$18.33
Market cap: AU$366.85 million; current share price: AU$0.195
BrainChip is the company behind akida, a revolutionary digital neuromorphic chip that’s built with a spiking neural network, a type of artificial network that mimics the way messages are passed between neurons in the human brain.
Because the AI is inside the chip, the chip is able to learn on its own and is not reliant on the cloud or other networks. This makes it much more secure and reduces latency as well.
Market cap: AU$101.47 million; current share price: AU$0.465
Appen began in 1996 as an automated speech recognition startup by a couple based in Sydney, New South Wales. Today, the company operates as a trusted partner to firms transitioning to AI usage, with a suite of industry-specific large language models and AI-training products.
Market cap: AU$92.44 million; current share price: AU$0.15
Market cap: AU$79.35 million; current share price: AU$0.44
AI-Media Technologies is a global media access provider with operations in four key regions: Australia and New Zealand, North America, EMEA (Europe, Middle East, and Africa), and Asia. It was founded in 2003 by Tony Abrahams and Alex Jones, who was born deaf.
The company uses AI to transcribe speech, making media accessible to all and is now one of the world’s leading caption and translation providers. AI-Media technologies began trading on the ASX on September 15, 2020.
AI is defined as human intelligence exhibited by machines. The development of graphics processing units with faster and more powerful chips has supported the emergence of AI technologies.
Investors looking to capitalise on AI’s growth potential have a number of entry points when it comes to stocks. It’s key for each person to practise due diligence and speak to their broker to determine the most suitable investments.
This is an updated version of an article first published by the Investing News Network in 2020.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Leave a Reply