If AI Could Disrupt the Future, Track These 9 Artificial Intelligence Stocks.
“Generative AI has emerged as a disruptive technology that can potentially improve enterprise productivity while also significantly improving the customer experience. Currently, the primary use cases and financial benefits of Gen AI are in sales, marketing and customer support through software engineering. It is expected to decrease, said JM Financial, a domestic securities firm, saying, “It has risen sharply.”
However, analysts say most Indian companies are lagging in terms of adoption of generative AI.
“At the current adoption stage, the returns from generative AI projects do not appear to have a significant impact on Indian IT. Expanded programs and foundational work required for AI, including development of appropriate cloud and data infrastructure, could generate revenue upon adoption. Kotak Kawaljeet Saluja of Institutional Equities says:
What is Gen AI?
Generative AI refers to a category of AI algorithms that generate unique output by learning data during the training process using technologies such as deep learning and artificial neural networks. Gen AI is not limited to OpenAI’s ChatGPT, such as Google, Facebook, and Alibaba. While India certainly lacks its own large-scale language models, Indian companies are investing in the application layer to ensure that non-deterministic models work in production use cases. The ecosystem is relatively nascent and rich. “Indian companies are facing challenges as they collaborate with global pioneers,” says Sachin Dixit of JM Financial.
AI stocks in India
According to a report by BCG and Nasscom, India’s AI market is growing at a CAGR of 25-35% and is expected to reach approximately $17 billion by 2027.
Niche companies in India are seen as playing a bigger role in AI. Recently, Happiest Minds announced the creation of Generative AI Business Services (GBS), a new division focused on GenAI that will offer full-fledged GenAI products such as contextual chatbots, learning simulators, contract management, sentiment analysis, and content generation.
Affl is already helping enterprise clients discover, acquire, and engage consumers through proprietary deep learning, AI-based algorithms.
Other AI stocks include Bosch, Cyient, Kellton Tech Solutions, Oracle Financial Services Software, Pertant Systems, Saksoft, and Zensar Technologies.
Even though AI has been one of the biggest buzzwords over the past year, adoption of Gen AI tools remains a small subset of the ecosystem.
“However, while investors have so far experienced dismal results from the last two disruptive technologies (cryptocurrencies and Metaverse), we believe the story for these technologies is far from over. However, we believe investor patience is warranted and well deserved. I believe that hysteria can lead to multiple perpetrators, so we have to be careful,” Dixit said.
(Data: Ritesh Presswala)
(Disclaimer: Recommendations, suggestions, views and opinions provided by experts are their own. They do not represent the views of The Economic Times.)
