Over the course of the last few years, the world has embarked on a transformation that is the result of artificial intelligence (AI). These changes have come about primarily because of advances in the AI technique of deep learning, which processes mass quantities of information and is able to establish relationships and draw conclusions based on the data.
While each of the following three companies represents a distinctly different approach to the AI revolution, they have all benefited enormously by being among the early adopters of this groundbreaking technology. Read on to find out why Adobe Systems Incorporated (NASDAQ:ADBE), NVIDIA Corporation (NASDAQ:NVDA), and Micron Technology (NASDAQ:MU) were among the best performing AI stocks of 2017.
Adobe is going all in on AI. Image source: Adobe.
Adobe is best known for its Portable Document Format (PDF), which is used to create and exchange documents, and its suite of creative software tools like Photoshop, Illustrator, and InDesign. Its migration to a software-as-a-service (SaaS) model put the company in a position to make AI innovations available to its growing customer base, by infusing AI into its products and integrating the technology into its cloud.
The company has also embarked on a mission to train all its technical employees in the fundamentals of AI. It developed an AI system dubbed Sensei, a Japanese word for honored teacher or mentor. These moves are paying off for the creative-software specialist, and the company has had a record-breaking year. Read more from fool.com…
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