The rise of ChatGPT by OpenAI in November 2022 has sparked a revolution in the artificial intelligence industry, leading tech companies such as Microsoft and Google to invest heavily in AI. With the tech sector facing challenges in 2022, investing in AI could be the next big trend in 2023. This article highlights the top 7 AI stocks to watch in the coming months.
Microsoft’s swift response to the ChatGPT threat was to invest in it. The tech giant plans to invest $10 billion into OpenAI to provide essential funding and cloud computing power to enhance its models. This investment will give Microsoft access to OpenAI’s models for use in its own projects and will give Bing an edge over Google’s search engine. CEO Satya Nadella recently announced that Microsoft’s Bing search engine now has the power of ChatGPT.
Alphabet Inc. (Google)
Google has responded to the competition by releasing its ChatGPT rival, Bard, to a select test group. If all goes well, Bard will integrate into Google’s search function soon. Google is also working on its Generative Language API for developers, which will enhance the world of AI programming. The company heavily relies on AI across its business, from filtering spam emails to enhancing its YouTube algorithms, and owns DeepMind, which plans to launch a ChatGPT rival this year.
Baidu is China’s domestic answer to Google, dominating over 75% of China’s search market. In addition to its rapidly growing cloud business, Baidu has invested heavily in AI-based autonomous driving research and hopes to develop “the world’s largest autonomous ride-hailing service area” in 2023. The company has also poured resources into a new chatbot service to rival ChatGPT, with its “Ernie Bot” making steady progress.
Other top AI stocks to watch in 2023 include Nvidia, C3.ai, and BaiduBIDU -6%. As the artificial intelligence industry continues to grow, these companies are poised for success in the coming year. If you’re looking to invest in AI, Q.ai’s Emerging Tech Kit is a great starting point. Don’t miss out on the AI boom – keep an eye on these top AI stocks in 2023.