5 Top-Ranked Tech Stocks To Gain From Advanced ML Capabilities
Zacks Investment Research | Feb 18, 2020 08:38PM ET
Machine learning (ML) requires no introduction in this data-driven automation era. ML, an inextricable application of artificial intelligence (AI) arena, enables systems to utilize existing data to predict outcomes and identify trends, and enhance business operations from experience.
ML domain is set to witness breakthrough developments in natural language processing or NLP, computer vision, conversational AI, to mention a few, through 2020.
Talking about recent NLP and conversational AI developments, researches are focusing on enhancing smartness of chat bots and social bots with varied responses and emotion recognition capabilities, by utilizing advanced ML-driven pre-trained language models.
In computer vision, Alphabet’s (NASDAQ:GOOGL) Google Research team has unveiled a new approach to assess depth prediction. Facebook’s AI Research team has also come up with a solution for 3D object detection in point clouds.
Moreover, growing proliferation of cloud-based technologies is facilitating growth of Machine Learning as a Service (MLaaS) market. Major cloud players, including Amazon (NASDAQ:AMZN) , Microsoft (NASDAQ:MSFT) and Google offer MLaaS services to customers. Notably, MLaaS services including Amazon Personalize, Amazon Machine Learning, Azure Machine Learning and Google Cloud AI are witnessing traction.
These developments in ML are leading to robust achievements in futuristic technology, including the training of advanced driver assisted systems (ADAS) in self-driving vehicles, increased AR/VR utilization across enterprise, healthcare, and entertainment, edge computing, blockchain, and even advanced warfare devices.
Growth Projections for ML Instill Optimism
Per the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.