Artificial intelligence (AI) is everywhere in the business world today, and many companies are using it, as are investors looking to capitalize on opportunities with new technology.
If you've used ChatGPT or other new AI applications, you know there are plenty of opportunities to leverage artificial intelligence. AI systems can communicate with customers, replace human labor, process large amounts of data, and solve difficult problems.
In this article, we'll take a look at how companies are leveraging AI and the different ways they're doing it.
Image source: Getty Images.
10 companies using AI
10 companies using AI
1. Amazon
1. Amazon
Few companies are involved in so many industries. Amazon (AMZN 0.81%) include e-commerce, cloud computing, logistics, voice-activated technology, and even self-driving cars. It's no surprise that Amazon leverages AI in a variety of ways.
For example, Amazon uses artificial intelligence to analyze images and videos to improve product recommendations. It also leverages AI to streamline its supply chain, including predicting demand, optimizing inventory levels, and efficiently routing orders. The company also aims to introduce autonomous mobile robots into warehouses.
e-commerce
E-commerce is the online buying and selling of goods and related businesses that facilitate this.
2. Metaplatform
2. Metaplatform
Another tech giant that has long harnessed the power of AI; meta platform (Meta 2.33%) is best known as a social media giant through its ownership of Facebook, Instagram, and WhatsApp.
The company uses AI for its recommendation algorithms. When you use Facebook or Instagram, the accounts you follow and the stories you see are based on AI.
Similarly, AI is used to recognize content such as nudity and hate speech.
More recently, the company has applied AI to features such as chatbots, virtual assistants, and real-time translation.
3. Tesla
3. Tesla
Few companies are making bigger bets on AI these days. tesla (TSLA 0.66%) is a leading electric vehicle manufacturer that is investing heavily in the pursuit of fully autonomous, or self-driving, technology.
AI is at the core of self-driving car systems, and Tesla's AI system collects real-time visual data from the car's eight cameras, identifies roads and obstacles, and makes decisions accordingly. Generate an image.
Tesla uses AI for data analysis and is also working on developing general-purpose bipedal autonomous humanoid robots that can handle a variety of tasks.
4. Upstart
4. Upstart
upstart (upst 2.72%) has attracted a lot of attention as an AI stock since its debut in 2020. The company aims to disrupt traditional credit scores with AI-based models.
Upstart uses machine learning models with 1,600 data points and 15 billion cells of data to evaluate borrowers to better determine risk and creditworthiness.
Upstart aims to make loans more accessible to more individuals and democratize the financial system with its AI-first model.
5. Netflix
5. Netflix
how?If you think so Netflix (NFLX 2.51%) Decide which shows and movies to see when you log in to your account. AI will give you the answer. The company uses machine learning algorithms to analyze your viewing and match it to the tastes of others with similar tastes.
Streaming leaders are also using AI in other ways, such as deciding which images of a title to display while browsing. AI is also being used to determine where movies and shows will be filmed.
machine learning
Machine learning is a technique for training artificial intelligence programs.
6. Alphabet
6. Alphabet
alphabet (google 0.32%) (Google 0.37%) CEO Sundar Pichai recently said his company pivoted to an AI-first model seven years ago, so it's surprising that the tech giant is deploying AI in so many different ways. Not.
Like other companies on this list, Alphabet uses recommendation algorithms to determine which web pages to show in search results. AI is helping us improve the results of our advertising products because it enables better targeting.
AI also plays a role at Google Cloud, which provides machine learning services to customers. Google Cloud also uses AI tools to improve cybersecurity.
The company is also leveraging AI in new products such as Waymo and Bard AI in its self-driving car division.
7.JP Morgan Chase
7.JP Morgan Chase
Tech companies aren't the only ones harnessing the power of AI. The financial industry, including major banks such as , is also taking advantage of these new tools. JP Morgan Chase (J.P.M. -0.6%).
JPMorgan Chase uses AI to assist with fraud detection and customer service. One of the more creative ways to use new technology is to use models like ChatGPT, which analyzed Federal Reserve statements over the last 25 years, to decipher trading signals and gain an edge. is.
Algorithmic trading is also a popular AI application for financial services companies, so it makes sense that JPMorgan Chase would use it to support its trading business.
8. Boeing
8. Boeing
Like a major manufacturing company boeing (BA 0.53%) We also use AI in a variety of ways.
For example, Boeing recently signed a deal with Shield AI to collaborate on autonomous capabilities. Shield AI created AI pilots who flew a variety of aircraft. Pilots also have the ability to enable autonomous flight of drones and aircraft.
Boeing is also experimenting with introducing artificial intelligence into air traffic management systems, using AI techniques such as computer vision and voice recognition.
Finally, Boeing sees an opportunity to use AI to take photos of planes that land and analyze the images to check for damage.
9. Johnson & Johnson
9. Johnson & Johnson
like healthcare companies johnson & johnson (JNJ -0.43%) is also leveraging AI in a variety of ways.
For example, the company's skincare brand Neutrogena has an app that analyzes your face and its changes to see if your beauty routine is delivering the desired results. This technology uses a skin scanner device that passes through your smartphone's camera, magnifies the camera lens, and uses illumination to capture a clear image.
Johnson & Johnson also uses AI to support drug discovery. One way AI can help is by classifying pictures of microscopic compounds and using those pictures to inform future experiments in other diseases.
10. ExxonMobil
10. ExxonMobil
Energy giants are exxon mobil (XOM -0.21%) is harnessing the power of AI to make its business more efficient and improve outcomes.
For example, ExxonMobil has long used machine learning algorithms to help avoid equipment breakdowns, increase production, and automate certain tasks. AI is potentially important for the energy industry because equipment failures can cause significant delays and some platforms are unmanned.
The company is also leveraging AI to manage the large amounts of data it generates and avoid silos. As machine learning tools improve further, they should become more commonly adopted by ExxonMobil and its oil giants.
Related investment topics
What’s next for AI?
What’s next for AI?
As you can see from the list above, the world's leading companies are turning to artificial intelligence to reduce costs and work more efficiently, but that's not all.
AI is being adopted throughout the business world by both small and medium-sized enterprises, as its benefits benefit companies of all sizes.
Staying competitive in any industry is extremely important. This means companies may look for more ways to leverage AI. The ability to reduce costs and solve problems that humans cannot quickly solve gives these companies a competitive advantage.
John Mackey, former CEO of Amazon subsidiary Whole Foods Market, is a member of the Motley Fool's board of directors. JPMorgan Chase is an advertising partner of The Motley Fool's Ascent. Randi Zuckerberg is a former head of market development and spokesperson at Facebook, sister of Meta Platforms CEO Mark Zuckerberg, and a member of the Motley Fool's board of directors. Alphabet executive Suzanne Frye is a member of The Motley Fool's board of directors. Jeremy Bowman has held positions at Amazon, Meta Platforms, Netflix, and Upstart. The Motley Fool has positions in and recommends Alphabet, Amazon, JPMorgan Chase, Meta Platforms, Netflix, Tesla, and Upstart. The Motley Fool recommends Johnson & Johnson. The Motley Fool has a disclosure policy.
