Artificial Intelligence (AI) is a rapidly evolving field that is transforming industries and creating new opportunities for innovation. In the United Kingdom, several companies are at the forefront of this technological revolution. Here are some of the notable AI stocks in the UK market:
- Graphcore: Graphcore has developed an Intelligence Processing Unit (IPU) which is specifically designed for AI workloads.
- Thought Machine: Thought Machine is a fintech company that uses AI to provide cloud-native technology for banks.
- Cera: Cera is a technology-enabled home care provider, using digital and AI platforms to solve the social care crisis.
- Gousto: Gousto is a recipe box company that uses AI to give personalised recipe recommendations.
- Quantexa: Quantexa is a big data startup that uses AI to tackle complex financial crime.
- Patsnap: Patsnap provides an AI-powered patent search and analysis platform.
- Huma: Huma is a global digital health platform.
- Lendable: Lendable is a lending platform that uses machine learning algorithms to automate credit decisions.
- Callsign: Callsign’s AI-driven intelligence engine provides adaptive access control for enterprises.
- Oxa: Oxa develops software designed to power driverless vehicles.
The UK government has committed more than £50 million in funding for AI research by universities2. This includes an annual £1 million Manchester Prize for the best AI research.
Investing in AI stocks can be a strategic move, given the increasing integration of AI in various industries. However, as with any investment, it’s crucial to conduct thorough research and consider the risks involved.
Please note that this information is current as of March 2024 and may change over time. Always consult with a financial advisor before making investment decisions.
