AI has been selected by Collins Dictionary as their word of the year. Whether you know it or not, AI (and not just the word) is now everywhere. It’s in your internet browser, it’s in your phone, it is at play in the information you receive daily, probably both in the technology that delivers the information, as well as the curation and production of that information.
And whether you think AI is the end of the world or the savior, or something in between, as an investor it will be increasingly important to learn how companies you invest in are using AI for a competitive advantage. Two internet companies taking full advantage of the AI boom are Wix.com (WIX) and Perion Network (PERI).
