Investing in AI: A Real-Life Success Story
Meet John, a businessman who was intrigued by the potential of AI. He decided to invest in an AI-driven healthcare startup that had developed a machine learning algorithm for detecting cancer cells in medical images. John's investment paid off when the startup was acquired by a major healthcare company for $100 million just two years later. John's initial investment of $50,000 turned into $1 million. Impressed? You could be the next John.
The AI Market: A Look at the Numbers
The potential for AI investments is huge, but how can you be sure you're making a smart investment? Let's take a look at some quantifiable examples.
Stocks
Companies that are leading the way in developing AI technology have seen their stock prices skyrocket. For instance, Alphabet, the parent company of Google, has seen a 500% increase in stock value since the introduction of its DeepMind AI system in 2015. Other companies to watch include NVIDIA, which provides graphics processing units for AI projects, and Tesla, which is incorporating AI into its self-driving cars.
VC Funding
Venture capitalists are pouring money into AI startups. In 2020, VC funding for AI startups reached $40.1 billion, up 9.3% from the previous year. Some of the highest-funded AI startups include SenseTime, a Chinese AI facial recognition company that has raised $2.6 billion, and UiPath, a robotic process automation company that has raised $1.7 billion.
Job Market
The demand for AI experts is skyrocketing, and the job market is reflecting that. LinkedIn reported a 90% increase in job postings for AI-related positions in 2019. In addition, the salary for AI professionals is extremely high, with a median salary of $146,000, according to LinkedIn.
How to Invest in AI: Practical Tips
Now that you've seen the potential for AI investments, how can you get started? Here are some practical tips.
- Do your research. Familiarize yourself with the current AI market by reading industry reports, attending tech conferences, and networking with AI experts.
- Invest in a diverse portfolio. Don't put all your eggs in one basket. Instead, invest in a variety of AI companies, including startups and established corporations.
- Consider working with a financial advisor. AI investments can be complex and risky, so it may be helpful to work with a professional who has experience in this field.
Conclusion: Why You Should Invest in AI
- The AI market is growing rapidly, with experts predicting a $190 billion market by 2025.
- Companies leading the way in developing AI technology have seen huge returns, with some stock prices increasing by over 500%.
- The demand for AI experts and the high salaries they command demonstrate the potential for the technology to transform industries.
References
- Forbes: The Artificial Intelligence Investment Opportunities In The Next Decade
- Analytics Insight: AI Market to Surpass $190 Billion in 2025
- Wired: DeepMind's Losses and the Future of Artificial Intelligence
- CNBC: Nvidia: More Than Just a Professional Gamer Stock
- Investor's Business Daily: Top AI Stocks To Watch Amid Rising Demand For Smart Technology
- CNBC: Venture Capital Funding for AI Startups Hits Record $13.1 Billion in Q2
- Mashable: Chinese AI facial recognition company SenseTime raises over $2 billion
- Business Standard: Hyper-Automation Firm UiPath Raises $750 Mn at $35 Bn Valuation
- FreelancingGig: AI Jobs on Demand Grow 74% in Three Years: Report
- Forbes: Exploring Artificial Intelligence Investment Opportunities
Curated by Team Akash.Mittal.Blog
Share on Twitter Share on LinkedIn