Artificial intelligence (AI) became a new buzzword on Wall Street with the recent massive success of the ChatGPT chatbot. Tech giants are heavily investing in AI, propelling the industry’s growth. Given this backdrop, we take a look at UiPath Inc. (PATH) and C3.ai, Inc. (AI) to see whether they are worthwhile investments now.
The widespread incorporation of AI across a plethora of applications has ushered in a revolutionary impact on every industry, enabling new pathways for decision-making and recognizing patterns. Recently, the AI-powered chatbot ChatGPT, developed by OpenAI, has seized the world’s attention and cast the AI industry into the spotlight.
As a result, tech giants are funneling massive investments into AI research and development, intending to make AI more accessible for enterprise use cases. Notably, tech behemoth Microsoft Corporation (MSFT) has forged a multi-billion-dollar deal in OpenAI to democratize AI as a new technology platform.
The continuous stream of research and innovation is driving growth in the artificial intelligence sector. However, certain companies could struggle to emerge as frontrunners in the AI race due to financial weakness and bleak growth prospects. Hence, avoiding fundamentally weak stocks, PATH and AI might be wise now…
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