In India, many companies are talking about artificial intelligence (AI) and its potential. But not all of them are really using AI technology. Some companies just rebrand their old data tools as AI to look good. This makes it hard to know which companies are truly using AI and making money from it.
There are two main types of AI tools: "machine learning" and "deep learning networks." Big tech companies like Nvidia, Microsoft, Apple, and Alphabet are leaders in the AI field. They use AI to make things like self-driving cars and virtual assistants.
Amazon is also in the AI game, but it's still catching up in some areas. Other companies in India, like Advanced Micro Devices (AMD), Accenture (ACN), and Salesforce (CRM), are also worth watching for their AI efforts.
Nvidia, for example, makes processors that many tech companies use for cloud computing and self-driving cars. Startups are also getting in on the AI action, making chips for things like smartphones and drones.
In India, big tech companies are using AI for things like speech recognition, internet search, and image classification. Amazon is already a big player in AI through its cloud services and digital assistants like Alexa.
Even companies like Netflix and PayPal are using AI to improve their products. People expect to see more companies spending money on AI to stay ahead in their industries. There are even ETFs (exchange-traded funds) that focus on AI technology, like the Global X Artificial Intelligence & Technology ETF (AIQ). So, there's a lot happening in the AI world, and it's worth keeping an eye on!