13 Best AI Stocks to Buy Under $20

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7. Rekor Systems, Inc. (NASDAQ:REKR)

Share Price: $2.65

Number of Hedge Fund Holders: 10

Rekor Systems (NASDAQ:REKR) is one of the best AI stocks to buy under $20. On October 23, Rekor Systems (NASDAQ:REKR) confirmed its entry into the deepfake detection market. It has consequently unveiled a new subsidiary, Rekor Labs, tasked with combining AI and machine vision to identify synthetic video, audio, and images.

The new deepfake technology aims to address the growing legal, personal, and commercial challenges posed by manipulated videos, audio, and images. The technology should enable the company to pursue opportunities in the deepfake detection market, which is expected to surpass $30 billion in the next decade.

“Deepfake fraud has rapidly increased in government security and surveillance, leading to complications for criminal prosecutions, potential fraudulent liability, insurance fraud, and other challenges across our customer base. Working with our customers and leveraging Rekor’s expertise in artificial intelligence and machine vision, our engineering team developed a unique solution to tackle this issue,” said Christopher Kadoch, Chief Science Officer at Rekor.

Rekor Systems (NASDAQ:REKR) develops artificial intelligence (AI) solutions that provide real-time roadway intelligence for public safety, transportation management, and urban mobility. The company uses AI-enabled computer vision and machine learning to collect, connect, and analyze mobility data to help governments and businesses make data-driven decisions.

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