We recently published a list of Top 10 Trending AI Stocks on Wall Street. In this article, we are going to take a look at where Knightscope, Inc. (NASDAQ:KSCP) stands against other top trending AI stocks on Wall Street.
President Donald Trump has recently announced a private sector investment to build more AI data centers, marking yet another effort by the US government to stay ahead in the race for supremacy in artificial intelligence.
A prominent player in the field has been OpenAI, the artificial intelligence startup known to have started the AI arms race in the first place. In its latest, OpenAI has recently previewed an AI agent that can carry out tasks on the web for users. This move seeks to enhance its chatbot amidst intensifying competition.
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Dubbed the “Operator”, the tool is powered by a model that allows it to interact with on-screen buttons, menus, and text fields.
“This capability marks the next step in AI development, allowing models to use the same tools humans rely on daily and opening the door to a vast range of new applications”.
– OpenAI said in a blog post.
OpenAI says Operator is “an agent that can go to the web to perform tasks for you”. As such, companies are increasingly using agents like these to assist in tasks and execute actions without direct human intervention. Currently available to Pro users in the US, the Operator can perform numerous tasks, such as creating to-do lists or assisting in planning vacations.
The company states that it eventually plans to expand the Operator to Plus, Team, and Enterprise users and will be integrating Operator into ChatGPT. It also revealed how the tool currently faces trouble with some tasks, such as managing calendars and creating slideshows.
“Operator is one of our first agents, which are AIs capable of doing work for you independently. You give it a task and it will execute it”.
– OpenAI.
Based on trends in artificial intelligence, agents are the next big advancement in the AI field. Even Nvidia CEO Jensen Huang agrees that they are. Artificial Intelligence agents are autonomous intelligent systems that can perform specific tasks without human intervention.
“AI agents are going to get deployed. I think this year we’re going to see it take off”.
According to him, areas such as software engineering, digital marketing, and customer service are the first where AI agents can add value. As for his company, it is already using AI agents in chip design.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A technician adjusting a human-machine interface in a laboratory surrounded by indoor multi-terrain robots.
Knightscope, Inc. (NASDAQ:KSCP)
Knightscope, Inc. (NASDAQ:KSCP) is an innovator in robotics and artificial intelligence (“AI”) technologies in public safety. On January 23, the company announced a major upgrade to its K5 Autonomous Security Robot (ASR), an AI-driven autonomous security robot, to expand its capabilities and sales opportunities. The upgrade includes an enhanced autonomous navigation system, enabling it to operate in larger and more complex environments. The K5 is now able to operate in untapped environments with ease. This includes spaces such as auto auction facilities and expansive parking lots. The upgrade has also led to a two-year agreement with the Ohio police department which will utilize the upgraded K5 ASR. They will be the first organization to leverage the updated technology. Knightscope (NASDAQ:KSCP) expects further deployments of the K5 ASR as more organizations recognize the potential of robotics and AI to enhance public safety.
“This upgrade to the K5 represents a significant step forward for autonomous security technology. By equipping organizations to secure and remotely monitor larger and more complex areas with greater efficiency, we are not only meeting current security challenges but also paving the way for new applications and markets”.
-William Santana Li, Chairman and CEO of Knightscope.
Overall, KSCP ranks 10th on our list of top trending AI stocks on Wall Street. While we acknowledge the potential of KSCP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KSCP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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