AI Stocks to Buy Amid the Current Sell-Off
The recent pullback in the stock market has led to a sell-off in artificial intelligence (AI) stocks. However, experts still expect a lot of growth in AI over the coming years. Two stocks that look particularly appealing amid the pullback are Datadog and Advanced Micro Devices. According to certain Wall Street analysts, Datadog has an 82% upside, while Advanced Micro Devices has a 124% upside.
Datadog enables businesses to monitor data across all their technology platforms, helping them identify problems quickly and fix them before they grow widespread. Advanced Micro Devices is well-positioned to take a bigger share of the rapidly growing market for graphics processing units. The company's AI accelerators are a cheaper alternative to Nvidia's top-of-the-line chip and its proprietary CUDA platform.
AI in Business: Leaders Reveal How They Use Customer-Centric AI
C-suite leaders from United Airlines, Target, and AT&T are actively deploying generative artificial intelligence (GenAI) to become more customer-centric. They use GenAI to automate decision-making around compliance, responsibility, and effectiveness based on models such as Ebiquity's Effective and Responsible Advertising Curriculum. The three executives zeroed in on how GenAI is helping their organizations become more customer-centric.
United Airlines' chief information officer, Jason Birnbaum, compared the impact of GenAI to the 2007 unveiling of the iPhone, which completely changed how people conducted their digital lives. Birnbaum said executives must be willing to take bold moves that might mean reinventing entire processes or removing sacred cows — otherwise AI will not make much of an impact.
Gen AI in Security: Improving SOC, CTI, and Red Team Tasks
Gen AI is being used in security to improve SOC, CTI, and Red Team tasks. Gen AI can help automate tasks, reduce the risk of human error, and improve the efficiency of security operations. However, experts warn that using Gen AI in security without robust testing and verification of these tools could have disastrous consequences.
AI in Employee Onboarding: Saving HR Days of Time
Companies like Hitachi and Texans Credit Union are using AI to facilitate onboarding new hires. AI can save HR days of time by automating tasks, reducing the risk of human error, and improving the efficiency of the onboarding process. AI can also help personalize the onboarding experience for new employees, improving their engagement and reducing turnover.
The State of AI: How Organizations Are Rewiring to Capture Value
Organizations are beginning to create the structures and processes that lead to meaningful value from Gen AI. While still in early days, companies are redesigning workflows, elevating governance, and mitigating more risks. The latest McKinsey Global Survey on AI finds that organizations are beginning to take steps that drive bottom-line impact, such as redesigning workflows and putting senior leaders in critical roles, such as overseeing AI governance.
Key Takeaways
- AI stocks to buy amid the current sell-off include Datadog and Advanced Micro Devices.
- Leaders are actively deploying GenAI to become more customer-centric.
- Gen AI is being used in security to improve SOC, CTI, and Red Team tasks.
- AI can save HR days of time by automating tasks, reducing the risk of human error, and improving the efficiency of the onboarding process.
- Organizations are beginning to create the structures and processes that lead to meaningful value from Gen AI.
- Companies are redesigning workflows, elevating governance, and mitigating more risks.
- AI is being used in employee onboarding to personalize the experience and improve engagement.
- Organizations are addressing more Gen-AI-related risks, such as inaccuracy, cybersecurity, and intellectual property infringement.
- Companies are in the early stages of putting adoption and scaling practices in place to capture value from Gen AI.
Sources
- 2 Artificial Intelligence (AI) Stocks to Buy Before They Soar 82% and 124%, According to Certain Wall Street Analysts
- United Airlines, Target and AT&T Leaders Reveal How They Use Customer-Centric AI
- Gen AI in Security – Improving SOC, CTI, and Red Team Tasks
- Scope3 launches platform to manage and trade AI agents
- Elon Musk wants to use AI to run US gov’t, but experts say ‘very bad’ idea
- 4 Ways Marketers Can Use AI Agents Now
- Science Secretary uses ChatGPT to come up with policy advice
- Companies large and small are using AI for employee onboarding. It can save HR days of time.
- The state of AI: How organizations are rewiring to capture value