Artificial Intelligence is a term that has been around since the 1950s. It is characterized as a framework that enables a machine to copy some subjective capacities like learning and critical thinking. 10 years or so back, individuals normally connected Artificial Intelligence with either some hypothetical illustrations or cases show in popular culture, similar to the wickedness superintelligence framework Skynet in the Terminator establishment, which needed to wipe out the mankind. If you need to know what artificial intelligence small cap stocks to buy then this is the article for you.
These days, in any case, AI frameworks, while still in their early stages, are generally utilized and we associate with them every day keeping in mind the end goal to disentangle some of our own or expert assignments. Obviously, this doesn’t imply that if a completely created AI framework is presented and is entrusted with the assurance of humankind, it will rapidly experience Twitter encourages and remark areas and will arrive at the conclusion that an ideal approach to spare the mankind is by eliminating it. Amid a discourse at MIT a few years prior, Elon Musk called AI “our biggest existential threat”, including that “there should be some regulatory oversight, maybe at the national and universal level, just to ensure that we don’t accomplish something extremely silly.”
iRobot Corporation (NASDAQ: IRBT) is a company that was founded in 1990 by three MIT graduates and is known for its consumer robots for inside and outside the house. It’s most well-known product are autonomous vacuum cleaners Roomba, but the company also makes autonomous floor moppers Braava, and swimming-pool cleaners Verro. However, iRobot Corporation (NASDAQ: IRBT) is also engaged in developing robots for military use. It has developed autonomous robots that can be used in bomb disposal, transportation, and surveillance. In addition, it is currently working on its SWARM artificial intelligence project that is engaged in developing algorithms to control swarms of individual robots. Among the funds we track at Insider Monkey, there were 15 investors long iRobot Corporation (NASDAQ: IRBT) at the end of June, up from 13 funds a quarter earlier.
Mazor Robotics Ltd – ADR (NASDAQ: MZOR) is an Israeli company that provides robotics solutions for the health care sector. It manufactures a robotic guidance system that can be used for spine surgery. Its flagship product, Renaissance, is cleared by the US Food and Drug Administration to be used for spine and brain surgery and is used in 28 hospitals in the US (54 hospitals worldwide). Renaissance works by creating a 3D virtual blueprint of a surgery and the system guides tools and implants to the required location with an accuracy of 1.5 millimeters. There were six investors tracked by Insider Monkey bullish on Mazor Robotics Ltd – ADR (NASDAQ: MZOR) at the end of June.
If you like this list you’ll surely love our more extended version of this list. Do read the full article on Inside Monkey about 5 Best Artificial Intelligence Small Cap Stocks To Buy.