We recently compiled a list of the 10 AI News Updates You Should Not Miss. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against the other AI stocks you should not miss.
Latest reports, published by MIT News, suggest that researchers at the Massachusetts Institute of Technology have developed a more efficient algorithm, called Model-Based Transfer Learning (MBTL), to improve AI decision-making in tasks like traffic control, which involves high variability. Reinforcement learning models, commonly used for AI decision-making, often fail when facing minor changes in their training tasks. MBTL strategically selects the most impactful tasks to train on, improving overall performance while reducing training costs.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
For example, controlling traffic in a city involves numerous intersections with varying conditions. Instead of training separate algorithms for each intersection or one generalized algorithm for all, MBTL identifies and trains on a subset of key intersections. It leverages zero-shot transfer learning, allowing trained models to perform well on untrained, similar tasks. Per the report, this technique could revolutionize complex systems, reducing costs and improving AI reliability. The research received funding from NSF, Amazon Robotics, and others.
READ ALSO: 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A customer entering an internet retail store, illustrating the convenience of online shopping.
Number of Hedge Fund Holders: 286
Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On November 29, storage news platform Block & Files reported that the scalable file storage service Amazon FSx for Lustre, provided by AWS, was promising GPU throughputs 12 times faster to aid AI learning workloads and reduce costs. The platform noted that FSx for Lustre now supports Amazon’s Elastic Fabric Adapter and the NVIDIA GPUDirect Storage system. With this combination, FSx for Lustre can deliver up to 12x higher throughput per client instance – 1200 Gbps – compared to previous FSx for Lustre systems.
Overall, AMZN ranks 1st on our list of the AI stocks you should not miss. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.
Disclosure: None. This article is originally published at Insider Monkey.
Add Comment