AI could be the 21st century's biggest new industry.
Long a focal point of science fiction, AI is no longer a curious theme to ponder for the distant future; it's here. The best artificial intelligence stocks to buy already use processes like machine learning and neural networks on a daily basis. In fact, if you took away AI capabilities from the following companies, their profitability would instantly plummet – and three of them are trillion-dollar businesses, underscoring the new technology's importance to 2021's economy. The growth of artificial intelligence is also enviable; a 2020 report from Grand View Research estimated the global market size to be $39.9 billion in 2019 and projected a 42.2% compound annual growth rate between 2020 and 2027. Here are 10 AI companies making waves right now.
The participation of artificial intelligence in trading on exchanges
Professional traders are periodically forced to upgrade their practices as progress makes trading more difficult. In 2000–2015, they had to compete with trading bots and then learn how to tune them to equalise the forces. Since about 2015, traders and their bots have to compete with artificial intelligence.
Over the past five years, the number of AI trading systems has grown significantly. As they spread and influence the market, traders using legacy automation are seeing a drop in revenue. Conversely, those who use artificial intelligence to trade on exchanges perform better than the market average.
Creation of trading strategies by artificial intelligence
Artificial intelligence is becoming a major component in developing trading strategies for hard-to-predict markets. It not only trades according to a written algorithm but constantly collects and processes huge amounts of data, analyses events and trends, and makes decisions itself.
Artificial intelligence on the exchange in comparison with a human trader
Today, with the spread of AI, the operations of traditional traders account for 10% of the total trading volume, while back in 2012, their operations in the United States accounted for 55%. At the same time, more than 2000 hedge funds (and there are about 11,000 hedge funds in total) use AI in the development of most trading strategies. This is a high indicator of using artificial intelligence in trading and investment activities.
Modernising trading with artificial intelligence
Many traders and investors are confident that in the near future, the use of artificial intelligence on exchanges by companies will spread everywhere. AI-based systems are easy to use, they operate transparently and trade accurately.
Artificial intelligence has already begun to change the rules of trading. Take advantage of its benefits and modernise your brokerage firm or investment fund. It will help your clients to rationally invest and manage assets wisely.
