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The introduction of ChatGPT appears to have sparked a wave of innovation in the field of AI. All of a sudden, every tech business is using buzzwords like conversational AI, generative AI, LLM (linguistic learning model), and artificial intelligence. Nearly every mega-cap tech firm has disclosed in recent weeks how it intends to use AI to revolutionize its business and stocks for chatbots. Snapchat, Meta, Baidu, Google, as well as Microsoft, which started this AI craze in 2023, are among the companies that have disclosed their AI chatbot intentions. In this article, we'll look at the 10 best stocks for chatbots as ChatGPT gains market share.
Microsoft Corporation, which has ambitious aspirations to enter the AI market and disrupt several sectors, is undoubtedly one of the most prominent AI and chatbot stocks to purchase right now. When it comes to AI, Microsoft CEO Satya Nadella has been tenacious. Bing search will now be powered by ChatGPT-based language learning models from Microsoft. Updates are being released to make it simple for Windows 11 users to use the taskbar to access the Bing chatbot. Azure Operator Nexus is a new cloud platform powered by AI that Microsoft is introducing for telecom firms.
AI is nothing new to Amazon. Amazon employs AI across all areas of its business, including AWS, smart home systems, and warehouses. One of the most intelligent AI-based assistants is Amazon's Alexa, which is utilized by millions of people worldwide. As a massive player in the cloud computing and e-commerce industries, Amazon might use its clout to enter the AI wars and compete against Microsoft and Google.
Alarmed by Microsoft's alliance with OpenAI, Alphabet Inc. Google was known to have top-notch AI capabilities for years, but for a variety of reasons, it was unable to take the lead in developing and releasing a usable AI product. After ChatGPT, Google moved quickly to release Bard, their own AI chatbot, which experienced some initial difficulties and resulted in significant losses for the firm and public humiliation. Yet, because of its many years of business expertise and DeepMind technology, Alphabet's AI is quite mature and developed. BofA has said that because of its DeepMind Sparrow LLM and most recent Bard chatbot, Google expects to prosper in the AI industry.
How might Meta Platforms fall behind in the AI chatbots race that industry behemoths like Microsoft, Google, and Amazon are leading? Recently, Mark Zuckerberg garnered media attention when he revealed that Meta Platforms will soon release its own AI-b language model, known as LLaMA, or Large Language Model Meta AI. Similar to previous AI language models, LLaMA reads word sequences as input and guesses the next word to produce text iteratively. According to Meta Platforms, 20 distinct languages were used to train its language model.
Salesforce, a CRM firm, is renowned for its Einstein AI technology, which is largely utilized by businesses to enhance their customer experience. Salesforce Einstein Bot is fundamentally a chatbot that uses natural language processing (NLP) and natural language understanding (NLU).
Alibaba Group Holding Ltd has experience with chatbots and AI. Alibaba has already demonstrated its mettle in the chatbot arena. Customers using its platforms are assisted in their shopping and product searches by an AI-based chatbot, known as AliMe, which was introduced in 2015. Alibaba has saved millions, if not billions, of dollars in expenditures because of its chatbot.
Baidu, a major player in Chinese internet search, stated in February that it will introduce its own AI chatbot, joining the competition. The chatbot will go by the name of Ernie and will be built on ChatGPT-style language models. According to The Register, Baidu stated that Ernie's capacity to "integrate substantial knowledge with huge data, resulting in superior comprehension and generating skills," is what sets him apart from other chatbots.
LivePerson, an enterprise that was founded in 1995, has long been a leader in conversational AI technology. Major businesses and brands utilize LivePerson's AI conversational technology to interact with their consumers. LivePerson has disclosed intentions to improve its conversational Cloud platform. In the upcoming weeks, OpenAI's generative capabilities will be added to LivePerson's Knowledge AI. Also, LivePerson will work to connect its Conversation Assist technology with generative AI.
With the news that it would be releasing a chatbot for its Snapchat app dubbed My AI, Snapchat has leaped into the AI space. The ChatGPT platform will power the My AI chatbot service, which will initially only be available to Snapchat Plus members. Snapchat users will be able to communicate with the bot through the service and get content suggestions. According to reports, Snap taught the My AI service to follow certain guidelines to ensure that the chatbot doesn't promote hatred or produce pornographic content. In the future, Snap intends to make the service available to all users of Snapchat.
Zhihu is a Chinese version of Quora. A lot of interest has been focused on Zhihu in 2023 as a result of the leverage it may gain from the most recent AI growth. Zhihu reported that their database has 485 million queries and answers last year. According to analysts, this enormous database is a gold mine for AI powerhouses searching for vast datasets to train their conversational language models. The possibility that Zhihu will be the target of an M&A by a major corporation is widely rumored in the market.
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