With its breakthrough generative AI technology, Nextech3D.ai is poised to revolutionize 3D modeling applications, particularly in the fast-growing e-commerce industry, and emerge as a leader. The recent advent of ChatGPT, a sophisticated chatbot and trained language model, revolutionized the world of AI, bringing its vast potential and attention to the collective forefront of users and investors. AI-powered product offerings explicitly focused on 3D modeling for e-commerce serve a massive Total Addressable Market (TAM) and Serviceable Addressable Market (SAM). The estimated market size of the 3D modeling for e-commerce space is around $100 billion within the $5.5 trillion global e-commerce industry. With its suite of innovative products, Nextech3D.ai is already a preferred 3D model supplier for the e-commerce behemoth Amazon's private label products.

The rise of artificial intelligence (AI) will be one of the most important trends of the century. Companies that play leading roles in driving this incredible technology shift forward will likely see incredible business performance and deliver market-crushing returns for shareholders. With that in mind, ASML Holding ( ASML -2.30%) and ON Semiconductor ( ON -2.51%) stand out as top stocks for long-term investors looking to benefit from the AI revolution. Let's take a closer look at why these two companies are on track to facilitate and benefit from the dawning age of artificial intelligence. ASML's extreme ultraviolet lithography (EUV) machines are helping semiconductor manufacturers boost the number of transistors they can fit into a chip, opening the door for improved power and efficiency.

Darktrace is a well-oiled sales and marketing machine, as slick and turbocharged as the multimillion-pound McLaren Formula One sponsorship deal it uses to entice prospective clients, and yet the cybersecurity company continues to be overshadowed by questions about its technology and founding investor. On the face of it, Darktrace is a great British tech success story. It was founded in Cambridge nine years ago by an alliance of mathematicians, former spies from GCHQ and artificial intelligence (AI) experts. Its market value hit almost £7bn within months of its stock market float last April as investors clamoured for a stake in the promise of a rare European superpower in the US-dominated cybersecurity space. And yet Darktrace has been on a rollercoaster journey since then.

Amazon Web Services' machine learning, analytics and compute capabilities will now power advancements at Ferrari's road cars department and Formula One team, among other divisions of the luxury carmaker. The two companies announced an agreement for AWS to serve as Ferrari's official cloud, machine learning (ML) and artificial intelligence (AI) provider, according to AWS parent company Amazon. Ferrari will use AWS tools for designing and testing cars and adding a fan engagement platform to its mobile app. Users will have virtual access to the Scuderia Ferrari garage and augmented relation (AR) experiences, including interaction with drivers. AWS' logo will also appear on Formula 1 team Scuderia Ferrari's car and drivers apparel at the French Grand Prix this weekend and after the event, according to the statement.

Covid-19 has focused businesses more and more on their supply chains, said fast-emerging Cork business Kwayga's CEO Martin Fitzgerald. "Right now, businesses are seeking new solutions to help buyers diversify their suppliers, and suppliers to diversify their markets." Kwayga is a B2B matching platform for buyers and suppliers in the food sector designed around trust and security. Using the platform buyers and suppliers discover, verify, match, connect, communicate in any language and trade. "Kwayga focuses on democratising international trade for mid-sized businesses by putting the right buyers with the right suppliers at the right time. Trust is the key component. We use AI to verify company profiles, we protect buyers from unsolicited approaches by giving them strong privacy controls, and we make a promise to suppliers that the deals posted on our platform are from real verified buyers."

The use of image visualization and limited recognition software in medical diagnostics started over 20 years ago. This technology had however nearly reached its performance limits when deep learning (DL) and convolutional neural networks (CNNs) were developed, heralding a step-change in the capability and performance of machine vision. This progress demonstrates that image recognition AI technology can match or even exceed human-level performance (in terms of accuracy, sensitivity, and specificity) in many disease areas and on many imaging modalities. The technical threshold for the automation of these diagnostic tasks has already been reached, laying the groundwork for commercial growth in the short and long term. This is shown in the market projections below.

Artificial intelligence (AI) is expected to add $15.7 trillion to the global economy by 2030, according to a study by PricewaterhouseCoopers. This huge figure consists of $6.6 trillion in increased productivity, as well as $9.1 trillion of increased demand for products and services because of personalization and improved quality. Those interested in investing in the AI trend should consider companies that are utilizing the technology to improve their products and services, such as DocuSign (NASDAQ:DOCU), Alteryx (NYSE:AYX), and Etsy (NASDAQ:ETSY). Let's look at these three companies, how they are using AI to grow, and why they are good investments today. DocuSign has seen a 37% compound annual growth rate over the last three years, riding the popularity of its flagship e-signature product.

NVIDIA (NASDAQ:NVDA) showed a notable improvement in growth across the business in its latest quarter. Besides the strength in the gaming segment, two other areas that stood out in Q2 2020 were the data center and automotive divisions, with both showing an increase in revenue over the previous quarter. NVIDIA stock is down 38% over the last year, partly because of a slowdown in the data center business. But that segment's sequential growth last quarter could be signaling a rebound. With artificial intelligence (AI) technology getting more advanced, NVIDIA is starting to see more companies turn to graphics processing units (GPUs) to power the development of conversational AI, which management believes is an enormous growth opportunity.

Calling the rapid digitization of competitors and industries a clock ticking loudly in the heads of every CEO, IDC advises enterprises that if they're not digitally transforming their companies at an aggressive pace, that by 2022, just over two-thirds of their total addressable markets will be gone. Nothing short of a wholesale reinvention of enterprises' digital innovation capabilities is needed. These and many other insights are from IDC FutureScape: Worldwide IT Industry 2019 Predictions, the research and advisory firms' top 10 predictions and key drivers for the IT industry over the next five years. IDC often ranks their predictions by cost/complexity to address and prediction timing. IDC believes the most effective organizations at digital transformation balance these two broad initiatives to deliver measurable financial results.

Graphics processor maker NVIDIA Corporation (NASDAQ:NVDA) recently reported its second-quarter fiscal 2019 results, with some fantastic outcomes. The company's total sales were up 40% from the year-ago quarter to $3.12 billion, which outpaced analysts' consensus estimate of $3.10 billion. NVIDIA's earnings of $1.76 per share also surpassed Wall Street's expectations of $1.66 per share and were up 91% year over year. Management has done a fantastic job of growing the company's top line, and the second quarter was no exception -- sales from the company's data center, gaming, professional visualization, and automotive segments all set records. To understand NVIDIA's growth and what investors can expect in the months ahead, we have to look beyond the numbers, though.