Don’t Miss Out on This Under-the-Radar AI Opportunity
Artificial Intelligence (AI) has been making waves in the tech world, but there’s one aspect that Wall Street seems to be overlooking. While big names like Amazon and Google are leading the charge in AI, there’s a quiet power play happening in a lesser-known field: Natural Language Processing (NLP).
NLP is the technology behind virtual assistants like Amazon’s Alexa and Apple’s Siri, and it’s becoming increasingly important as companies look for ways to automate and streamline their operations. This presents a significant opportunity for investors, as NLP is expected to grow at a compound annual growth rate of 17.2% over the next five years.
So where can retail investors get in on this under-the-radar AI opportunity? One option is to look at companies that specialize in NLP, such as Nuance Communications and Veritone. These companies provide the technology that powers virtual assistants and other AI applications, making them key players in the NLP space.
Another way to tap into the NLP market is through Exchange Traded Funds (ETFs) that focus on AI and machine learning. These ETFs offer a diversified approach to investing in the AI space, with exposure to both big names in the industry and smaller players like NLP specialists.
In conclusion, while AI may be the buzzword of the tech world, NLP is the hidden gem that investors should be paying attention to. With its increasing importance in the business world and expected growth, NLP presents a promising opportunity for retail investors looking to capitalize on the AI boom. Don’t miss out on this under-the-radar play that could lead to big returns in the future.