6 Reasons Why FANG (Facebook, Amazon, Netflix, Google) Invests in AI

A lot of big pictures investors all around the world find their own “Golden Fleece” in the sphere of neural networks and AI. Think, for instance, of Intel. From the early aughties, their stocks have been standing still. The investments in AI became the driving forces of the company’s growth. Now the company is experiencing the recent rise of its stock price. The level of overall contributions in projects researching and developing their products on neural networks is shockingly high. So, there is nothing surprising in the fact four giant technological megacorporations, collectively called FANG, are interested in the niche. FANG is the most popular and best-performing tech stock pointing right directions to smaller companies. This union of four corporations has at least six reasons proving that their investments will turn into gold in the future.

Reason 1

The application of neural networks and machine learning is almost unlimited. Today, numerous scientists and developers are working on the proper implementation of this technology in one or another area of science or business. It seems that we may take something, then add artificial intelligence to it, and voila, a highly-performing and useful product is ready. To be precise, AI technologies are currently used in the healthcare, entertainment, engineering, military technologies, and fintech spheres for the automation of processes and improvement of the efficiency of the produced products and offered services. Without limiting the foregoing, we can also name less important spheres for AI implementation such as mobile app development and social media. Thus, neural networks can both save people’s lives and make their days funnier. In layman’s terms, AI makes everything much simpler and more efficient.

Reason 2

According to results of the research conducted by SADA system, published this Spring (April 11th, 2018), the upcoming trend in investments is the Artificial Intelligence sphere. More than 38% of IT-specialists that have taken part in the survey are certain of that the future will belong to AI technologies, 31% of other respondents think IoT (internet of things) is more likely to bring benefits to the investors, and only 10% of people believe in the future of blockchain. However, if to refer to the first reason, we can predict how the situation of investments in two last spheres might change if to add some “intelligence” to them.

Reason 3

The corporations, which eyes are not on the AI at the present moment, will face more powerful competitors with smart products in the future. This is not just a thought as we can see more companies starting to integrate neural networks into their products (Google assistant, Alice by Yandex, Siri by Apple, IKEA with the system of smart light, etc.).

Reason 4

The high level of interest among big companies’ clients made most of them apply AI in their products to boost the demand for them. For example, recently, Dell EMC ( Dell’s affiliated company) told about its investments to the blockchain and Artificial Intelligence spheres. The heads of the company are sure that it will help to consolidate its position in several markets. In fact, the demand for smart products among Dell EMC’s clients became almost the main reason for investing in AI.

Reason 5

AI is a new trend among customers and manufacturers. According to Philippe Laffont, the honored founder of one of the leading hedge funds in the world, called Coatue Management, the AI technologies are already changing the business structure as we know it.

“If you leave with one takeaway today it is that you must have various aspects of your portfolio, your investments, and your conversations with your clients talking about A.I. It is the absolutely most interesting and biggest trend since the internet,” Laffont said.

Reason 6

The long-term perspective of investments in AI is also highly attractive for companies that believe in the future of the machine learning technologies. First, around 40% of the world’s population is constantly online, and this number is growing. It means that Internet includes big data volumes of the world’s knowledge, collected with the help of each of us. Second, possibilities of the modern processors are great, unlike the going down costs for data storages and computations. The better architecture and design of PC structure make the AI breakthrough possible today.

AI technologies are gaining in popularity day by day. Still, there are many issues that make specialists in neural networks wrestle with them. The main problem is that a program or machine can’t think like a human being. That is why to create proper functioning neural networks that can solve numerous problems, developers need to attract users. Many products benefited from the process of building an app with the support of users. We can name the following projects succeeded owing to such a cooperation:

• Search engine by Google where you can find a similar request in the phrases offered by the system (it will help to specify the information you search for);
• Google translate and Mapillary allow users to correct the results offered by the neural network;
• The community of Unable improves the efficiency of machine translation as well.

OLPORTAL neurobots’ training will be also conducted with the direct assistance of users. The specific character of our neurobots, which will be functioning in the chat of OLPORTAL, needs human resources to improve communicative skills and learning processes of our OLAis. Users will be able to enhance learning abilities of our neurobots by correcting, accepting, or ignoring their ready phrases right in OLChat. Owing to this, the performance of our neurobots will be improved faster and better so that both users and project will be able to benefit from it.

The successful implementation of AI can be traced in many spheres today. New companies realize the inevitability of contributing to AI niche as it may bring some great profit in the future. According to the experts’ forecasts, the companies contributing to AI and going to apply this technology in the development of their projects will boost their revenue in more than ten times by 2020.