In the future of healthcare and other industries, artificial intelligence (AI) will play a significant role. Using technology has already helped fight the spread of COVID-19, from contact tracing to robots and drones to responding to urgent hospital needs. Up to $360.36 billion is expected to be made by 2028 in the artificial intelligence market. National AI strategic plans have been developed by 44 countries. According to a report, the National Defense Authorization Act for Fiscal Year 2021 allocated $6.4 billion in federal funds for AI programs.
Insider Monkey looks at the 10 best AI stocks for 2022. Defense, utilities, aerospace, and oil and gas all use C3.ai’s AI software-as-a-service. The second quarter of fiscal 2022 brought in $58.3 million in revenue, an increase of 41 percent over the previous year. As of the third quarter of fiscal 2022, SentinelOne, Inc. had grown its customer base by 75 percent year on year to more than 6,000. Currently, the artificial intelligence cybersecurity firm is expanding its R&D facility in the Czech Republic. Private and public sector organizations alike rely on Palantir Technologies Inc. for secure data analytics solutions. As a result of its work, the company is laying the groundwork for future space exploration to incorporate artificial intelligence and machine learning. A 36% year-over-year increase in revenue to $392 million was recorded by Palantir in the third quarter of 2021. IBM stock rose 8 percent in November following the spinoff of Kyndryl, the company’s managed infrastructure services business. At the end of September, 56 of the 867 elite funds monitored by Insider Monkey were long IBM. Businesses can use the company’s software and analytics platforms. Third quarter fiscal 2022 revenues increased by 42 percent year-over-year to $545.5 million. DocuSign, Inc. was owned by 51 hedge funds out of the 867 funds tracked by Insider Monkey at the end of the September quarter. For more details, click the 10 Best AI Stocks For 2022.
