To capitalize on the AI boom, here's what to buy instead of hyped-up tech stocks, according to the CEO of an AI-driven analytics firm
But the wiser long-term play would be to instead look to the companies building AI infrastructure, according to Jan Szilagyi, the chief executive and co-founder of markets analytics platform"If you want to invest in AI, the best potential is in the infrastructure companies," Szilagyi told Insider.
Toggle offers what Szilagyi calls an investing"copilot," an AI-driven engine that scans news and data to help users make more informed portfolio decisions. The technology notifies you when a stock may swing based on market data, macroeconomics, or media announcements. While Toggle has enjoyed a three-fold increase in business this year thanks to the brighter spotlight on the nascent sector, there's a difference between using AI to invest and investing in AI.
"I think we have not yet even seen any meaningful implementation of this latest technology in applications that people would use," Szilagyi said."The only ones that are currently seeing the benefit of the technology are the owners of the infrastructure."
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