AI is transforming industries at a very fast pace, with businesses integrating AI agents to improve efficiency and customer interactions. Bret Taylor, co-founder of Sierra and chairman of OpenAI’s board, discussed the significance of Western leadership in AI innovation, the evolving role of AI in businesses, and the growing competition in the global market in a CNBC interview on March 6.
AI Advancements and the Importance of Western Leadership
Bret Taylor emphasized the need for the Western world to lead in AI innovation, pointing toward its impact on businesses and society. He compared AI agents to past technological shifts like websites and mobile apps, predicting that AI-driven customer interactions will soon become standard. He explained the AI market as having two main components including infrastructure providers like OpenAI, which builds foundational models, and application developers such as Sierra, Harvey, and Cursor, which create AI-driven solutions for industries like customer service, legal, and software development.
Taylor also acknowledged the global competition and that many countries are investing in AI but stressed that Western leadership is crucial to ensure AI models reflect values like freedom and self-expression. While European governments seek more technological independence due to geopolitical factors, he sees a strong demand for US-based AI solutions in Europe and remains optimistic about collaboration. He also views the declining costs of AI as a driver for wider adoption, making advanced AI applications more accessible.
Finally, Taylor discussed the broader implications of AI, as he envisions it transforming education with personalized tutoring, improving healthcare accessibility, and improving industries like software engineering and customer service. He remains optimistic about AI’s societal benefits despite concerns about rapid adoption. Lastly, he highlighted the importance of continued investment in U.S. AI infrastructure, such as Stargate, to support future advancements in AI research and deployment.
For this article, we selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s Q4 database of over 1000 hedge funds.
At Insider Monkey we are obsessed with 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A successful businessman shaking hands with a client in a modern office building, celebrating a successful financial transaction.
TPG TeleManagement, Inc.
TPG TeleManagement, Inc. provides CX analysis services and solutions. On March 6, TPG and Broadvoice announced their partnership with plans to integrate TPG’s Anna, an AI-powered quality assurance tool, into Broadvoice’s GoContact platform. Anna analyzes customer interactions with over 90% accuracy, providing insights to improve agent training and business outcomes. TPG’s expertise in quality assurance has generated $6 billion in ROI for clients. Broadvoice sees Anna as an important addition to its AI-driven solutions, improving efficiency and productivity.
If you are looking for an AI stock that is promising but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
