2nd part17 Mar 2017 18:17
Tesla is itself becoming a leader in AI technologies, and back in October, the company posted a video of its self-driving AI driving a person around in one of its vehicles -- completely hands-free -- as it navigated stop signs, bicyclists, and foggy roads.
Image source: Tesla.
OK, so technology companies are obviously betting on AI's future, and NVIDIA is proving that the automotive sector will bank on AI as well, but it's important to note that governments are betting on AI's growth as well.
China announced last year that its government will invest in new AI technologies over the next three years, as it tries to create its own $15 billion AI market. And even the U.S. government has taken notice of China's recent focus on artificial intelligence. In a report released back in October, the White House said that Chinese scientists are publishing far more AI research than American scientists and that their work is being cited more often. The U.S. then urged more AI research and development spending in order to catch up and improve economic growth.
The South Korean government recently turned its attention to AI as well. After Google's DeepMind AI beat a South Korean grandmaster Go player in an exhibition match in Seoul, the country pledged $863 million to develop more AI technology and called on private companies to invest even more.
There's no turning back now
With so many companies (and leading world powers) focusing their attention on AI, there's no stopping the momentum now. Investors waiting around to see how AI plays out could be left in the dust, as this technological shift begins to speed up even faster this year. Of course, there's no guarantee that 2017 will be the best year to invest in AI. But if all of the AI focus from 2016 spills into this year, then it certainly looks like a good bet.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Chris Neiger has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (C shares), Facebook, Nvidia, and Tesla Motors. The Motley Fool has a disclosure policy.
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