5 AI Stocks to Benefit from Generative AI

AI stocks to benefit from Generative AI like OpenAI’s ChatGPT

Intro: Many businesses profit directly from Generative AI by selling hardware, software, services, or expertise required by the technology. These are genuine mostly AI stocks that benefit from Generative AI. Stocks in artificial intelligence are more scarce. Many businesses promote their AI technology initiatives and machine learning.

Artificial intelligence is used by businesses in two ways. Many technology companies use AI to improve the performance of their existing operations, such as robotics, self-driving cars, and virtual assistants. Google, a subsidiary of Alphabet, uses artificial intelligence (AI) to filter spam for Gmail users. Amazon uses artificial intelligence to recommend products to customers, whereas Netflix uses artificial intelligence to guide content creation and recommendations. AI stocks use generative artificial intelligence technology to improve products or gain a competitive advantage. Amid a surge in investor interest in artificial intelligence, be wary of companies that tout themselves as AI stock plays.

The 5 AI stocks to benefit from Generative AI are listed below:

1. Unity software

Unity is a 2D/3D engine and framework that provides a system for designing 2D, 2.5D, and 3D game or app scenes. Unity supports all major 3D applications and many audio formats, and it even understands the Photoshop.psd format, allowing you to drag and drop a.psd file into a Unity project.

2. Shopify

Shopify Magic, a new tool from Shopify, uses artificial intelligence to assist merchants in creating product descriptions. It makes use of underlying technology similar to that used by ChatGPT, a generative AI application that has gained popularity since its release in late 2022.

3. Meta platforms

Meta announced plans to integrate “generative AI” technologies across all of its products. In response to short commands or prompts from users, generative AI technology can generate text, images, sounds, and other media formats. It also creates realistic digital images from text descriptions.

4. Alphabet

Google announced that it would soon incorporate artificial intelligence (AI) capable of generating text and other content in search results, as it battles Microsoft’s popular AI chatbot ChatGPT. Alphabet-owned Google launched its chatbot service, Bard.

5. Microsoft

Microsoft Corp (MSFT.O) sought to reassure investors that its large bet on artificial intelligence (AI) is paying off, even as economic uncertainty causes Microsoft customers to scrutinize their cloud spending. Early evidence comes from the use of GitHub Copilot, a little-discussed tool that can write computer code for programmers.