Fury for artificial intelligence: 10 stocks to invest in Argentinian technology

From the bot artificial intelligence (AI) ChatGPT was released in November 2022 by the company Open AI the world market is experiencing a new craze. The previous obsession with anything to do with blockchain, big tech luck, or meme stocks has been left in the background. Today, investors are scrambling to load their wallets with what they believe is the future of business across the globe. Artificial intelligence is the new Bitcoin. And there are ways to invest in Shares of related companies in pesos and without leaving Argentina.

While obsession may well lead to irrational behavior and inflate future bubbles, tech and stock market analysts have a few things to speculate that beyond fads, behind market hysteria, there is a very promising orient oneself.

According to Precedence Research, in 2022, the global AI market was valued at approximately USD 119.78 billion and is expected to reach USD 1,597.1 billion by 2030, growing at an annual growth rate of 38.1% by 2022 to 2030. In the coming years, the global artificial intelligence market is expected to witness significant growth owing to the rising demand for this technology across various industries such as automotive, healthcare, banking & finance, manufacturing, food and beverage, logistics and retail.

The global AI market is witnessing significant growth, fueled by growing demand for life-saving medical devices and self-driving capabilities of electric vehicles, among other productivity-enhancing applications of traditional technologies.

Big tech companies like Alphabet., Amazon there Microsoft they invest in the development and improvement of AI applications. These companies are also striving to improve access to AI technology, which is expected to further fuel the growth of the AI ​​market over the forecast period.

The gestures of Nvidia they rose by more than 14% after the announcement of better than expected results.

These are companies that, when listed on the market, do so so far from Argentina, on the boards of Wall Street. And even if investing abroad is not impossible even in times of exchange control, for the Argentinian retail investor, it remains cumbersome and the amounts necessary to make so many movements profitable become somewhat high.

However, there are alternatives that allow betting on companies that lead the development of artificial intelligence applications from Argentina and in local currency. This is done through a well-known tool, the one that takes most of the volume traded on the Buenos Aires Stock Exchange: Argentinian certificates of deposit (Cedear).

These are papers that are issued in the Buenos Aires market to be able to operate in foreign stocks without leaving the local financial system. Behind each is the stock or certificate of a structured fund that operates on Wall Street or elsewhere in the world. Thus, Argentinian investors have been placing their pesos in shares of Apple, Coca Cola or Walmart through this indirect channel for years. What is interesting, in a stock market context, is that although these are papers that are traded in Argentine pesos, their prices are adapted to the dollar value of these shares in their markets of origin. And at their prices in dollars counted with liquidation, not at the official price.

Based on work by IOL Invest Online, which identifies Cedears among companies well committed to the development and use of artificial intelligence, as well as updating with some of the most chosen companies in the world , we have compiled this list of 10 AI companies you can invest in from Argentina.

Amazon’s website bases a large part of its business on machine learning systems, which is absolutely essential, since without this technology it would not be able to expand its business, improve the experience and the selection of customers, and to optimize the speed and quality of logistics.

It is a search engine in Chinese based in Beijing and founded at the end of 1999 by Robin Lee there Eric Xu. Its design is similar to that of Google and includes the possibility of searching for news, images and songs, among other functions.

Known for its deep learning tools that improve speech recognition and search engine suggestions, the tech company Alphabet expands its research and development tools for a variety of sectors ranging from healthcare to environmental disaster management.

Although not generally considered a traditional technology company, John Deere, one of the world’s largest agricultural companies, is using AI to automate its agricultural equipment. It began part of the transformation process about 5 years ago, when it acquired agricultural artificial intelligence company Blue River Technology in 2017.

The company uses artificial intelligence and advanced learning to understand each subscriber’s personal tastes and preferences so it can recommend the ideal content library for each profile, which includes everything from category to specific movies.

The company uses its range of artificial intelligence platforms to power autonomous vehicles, help drones act autonomously and function as an image processing tool for medical imaging equipment.

It is a cloud computing company that develops custom customer relationship management (CRM) software and tools. The company uses AI to predict and automate processes that help sales, marketing, and analytics teams craft their messages more accurately and predict results more accurately.

Until recently outside the specialized AI lists, since 2019 the company that created Windows has made a big bet that has paid off. That year, he invested $1 billion in OpenAI, the very company that sparked the tech frenzy on Wall Street. For years, his cedar porteño has been a favorite with Argentine investors.

This established IT company offers hardware, software and integrated services to large enterprises. It continues to dominate certain industries with its mainframe computer systems, often landing multi-year technology contracts worth hundreds of millions of dollars individually. The goal of IBM’s artificial intelligence strategy is to use technology to enhance the human intellect, increase productivity or reduce costs. IBM AI technology is applied in the healthcare sector to develop personalized care plans, accelerate the launch of new medicines and improve the level of care.

Oracle helps companies automate their operations using prebuilt artificial intelligence, data-driven cloud applications, and workflows that save time and money. AI applications can be applied in many different industries. These include sourcing and inventorying financial equipment, automating accounts receivable and payable, and optimizing cash flow. Its apps help sellers close deals by helping them identify the most likely business prospects. It is designated as one of the companies that has been most dedicated to the development of artificial intelligence solutions.

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