Financial expert Paul Mampilly feels that one of the most promising areas for investors to place their money is Artificial Intelligence. From shopping on Amazon to making music selections from popular music apps based on the listener’s history, Artificial Intelligence is now in many parts of our lives. There is still some controversy over Artificial Intelligence, however, most applications of the technology are harmless and are meant to make life simpler. Companies that are starting to adopt Artificial intelligence are going to have a competitive edge over companies that fail to do so. Paul Mampilly believes that more companies are going to start adopting Artificial Intelligence in the next few years. It is anticipated that Artificial Intelligence is going to help generate trillions of dollars in additional revenue by as early as 2022.
Paul Mampilly has a track record for picking solid investments, so it is at least wise to listen to him when he says he is bullish about the future of Artificial Intelligence. Kinetics Asset Management hired him to manage their hedge fund and he grew the assets from $6 billion to $25 billion, averaging a twenty-six percent yearly return during his tenure. He was able to achieve these results during the financial crisis of 2008 when everyone else was panicking out of equities. Many financial outlets have asked him to share his investing advice live. Right now, Paul Mampilly feels that investors should bet on Artificial Intelligence equities while most of the general public is still unaware of them. Many of these companies are small but offer enormous profit potential.
One promising company that Paul Mampilly believes his followers should own is Baidu. This company is the Chinese equivalent of Google. The CEO of Baidu realizes the importance of utilizing Artificial Intelligence, especially due to the fact they will not be able to rely on online advertising revenue growth forever. Another recommendation from Mr. Mampilly is Nvidia. This company released a few artificial intelligence products in 2016 and recognition for the company is growing. The technology produced by the company is being used in self-driving vehicles and gaming applications.
About Paul Mampilly: forexvestor.com/profits-unlimited-review