A range of the biggest and most advanced companies are doubling down on artificial intelligence and making it a key part of their research and development, if not the primary focus of their products and services. A prime example is Telsa, where Elon Musk has been making artificial intelligence a key part of the product development business. As reported in Investor Place, "Musk and company could have an AI prototype ready by 2022…Ten years ago, you could have counted the number of these advanced stocks on one or two hands. Now, however, it seems that many companies of various sizes are working with this kind of technology." And where technology companies take a concept and build it into their core product offerings, the professionals working in those arenas come too, with a huge boost in opportunities to work in these new arenas, and the potential to fast-track your own path.
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As reported in Investor Place, "Musk and company could have an AI prototype ready by 2022…Ten years ago, you could have counted the number of these advanced stocks on one or two hands. Now, however, it seems that many companies of various sizes are working with this kind of technology." And where technology companies take a concept and build it into their core product offerings, the professionals working in those arenas come too, with a huge boost in opportunities to work in these new arenas, and the potential to fast-track your own path. Making artificial intelligence a key part of your learning and career can give your professional life a boost, and you will be working on the cutting edge of technology. Clearly, independent learning to master artificial intelligence concepts can help you to build a new career, or fast-track your existing work in computing and development.
Today, I continue my top-AI-stocks video series. If you are new to this series, it covers my top 12 artificial intelligence stocks focused on growth and disruptive innovation. I have done my best to find the highest-growth companies in a variety of sectors with disruptive growth trends. Last time, I shared my favorite chatbot stock. In today's video, I am covering an unknown business that Square (NYSE:SQ) acquired in 2020 that focuses on artificial intelligence and machine learning.
Artificial intelligence (AI) is not a new kid on the block anymore and the field is developing at a constantly increasing pace. Pretty much every day there is some kind of new development, be it a research paper announcing a new or improved machine learning algorithm, a new library for one of the most popular programming languages (Python/R/Julia), etc. In the past, many of those advances did not make it to mainstream media. But that is also changing rapidly. Some of the recent examples include the AlphaGo beating the 18-time world champion at Go , using Deep Learning to generate realistic faces of humans that never existed , or the spread of Deep Fakes -- images or videos placing people in situations that never actually happened.
Our FinTech Perspectives series, will explore the content, potential, and shortcomings as well as the areas that require further clarification in this important field of European legislation on digital transformation in the financial services sector. Within its overarching plan to Shape Europe's Digital Future, The European Commission is determined to make the lead-up to 2030 Europe's Digital Decade. This ambition has, aside from activities in other fields, resulted in an outpouring of legislative initiatives. The great majority of these initiatives aims to get an ever better handle on our digital reality to date. For all of these, the European legislator needs to reconcile its desire to support technology and business innovation on the one side with the necessary protection for individuals and business in the EU on the other side. Getting this balance right is vital for the success of each of those initiatives.
This dreadful September could be stuck in neutral. After the market saw a bit of a bounce on Monday, Tuesday, the Dow fell nearly 300 points, with broad losses across the other indices. The S&P 500 closed Tuesday at its lowest since Aug. 20, the Nasdaq NDAQ continued a 5-day losing streak, and the Dow, S&P 500, and Russell 2000 saw red for the sixth time in the last seven days. Investors continued to worry about how the delta variant could derail the economic recovery, along with worries about what moves the Fed could make. Inflation continues to be a concern, too.
Artificial intelligence is to trading what fire was to the cavemen." That's how one industry player described the impact of disruptive technology on a staid industry. In other words, AI is a game-changer for the financial market. While humans remain a big part of the trading equation, AI plays an increasingly significant role. According to a recent study by U.K. research firm Coalition, electronic trades account for almost 45 percent of revenues in cash equities trading.
When working with their clients Accenture under Tricarico's guidance focuses on "on guiding (their) clients to more safely scale their use of AI, and build a culture of confidence within their organizations." Not all companies have an established north star of AI use. Companies and partners like Accenture are vital to these companies and their proper and ethical use of the technology.
Machine learning in finance is one of the biggest buzzwords in the finance sector for so long, but no more. Over the past decade, technological progress caught up with real life, with data science revolutionizing the entire industry. The digitalization of investment and money matters can give you all the edge you need. Finance companies that have no way to leverage machine learning are being left behind. By combining machine learning with many elements of big data, companies can take advantage of financial opportunities that almost nobody takes.