Monday, May 15, 2023

How are we feeling about the AI space?

Hey everyone!! The AI space has been really starting to blow up over the last year or so with some major players in the industry openly discussing what the future holds with AI, From what I’ve seen, the industry has exploded in terms of the number of companies specializing in AI that have come out of nowhere all with the same goal of creating new AI solutions. ChatGPT and now GoogleBard seem to be the main ones in the industry rn but as tech continues to advance new software is bound to come out… IMO It’s all going to come down to who can make the most efficient platform that will benefit the users, you and me. That being said, I’ve been wanting to do some research on companies that are putting out consistent tech and really trying to set new standards for the AI space. Would love to hear of any companies that anyone knows of that is doing some cool stuff!

I found a bunch of different AI companies like I thought I would and they all do a bunch of different things. One that I thought was pretty cool was EdgeTI pretty much because of the practicality of their software. They build AI software that are based around intelligent automation, generative AI and quantum technology so that companies can implement this kinda stuff into their day to day operations to make better and timely decisions. I feel like this could get rid of some jobs eventually LMAO (hopefully not mine)..

From what I’m seeing on their website and they seem to already have some big clients like the US Air Force, Motorola and ManTech which is pretty massive for them. They actually just integrated ChatGPT into their Generative Ai software, which is allowing their software to have higher levels of rapid knowledge acquisition and the ability to implement working solutions. When you combine these two platforms you get a program that can find the right answers (ChatGPT) as well as a software that can store these answers over multiple applications in the right format (EdgeTI). I honestly think this integration is awesome and will seriously benefit users instantly. How do we feel about this kinda tech?

I do have a couple main concerns that I need to find out/need answers to before I pulled the trigger on investing or anything tho. These are the two main ones:

  1. How does their tech compare to other competitors in the space? Am I missing a key competitor in the space?
  2. What’s the lifespan of this tech? Is it here to stay or is something bigger and better going to come along?
  3. They announced that they’re going to be cash flow positive this year. Do you think it’s possible??

Can anyone maybe provide me with some insight into these concerns? I like how the company’s software looks, but these two things are bugging me. Appreciate it, everyone.