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In the evolving landscape of manufacturing, the transformative power of AI and machine learning (ML) is evident, driving a digital revolution that streamlines operations and boosts productivity. However, this progress introduces unique challenges for enterprises navigating data-driven solutions. Industrial facilities grapple with vast volumes of unstructured data, sourced from sensors, telemetry systems, and equipment dispersed across production lines. Real-time data is critical for applications like predictive maintenance and anomaly detection, yet developing custom ML models for each industrial use case with such time series data demands considerable time and resources from data scientists, hindering widespread adoption.

Generative AI using large pre-trained foundation models (FMs) such as Claude can rapidly generate a variety of content from conversational text to computer code based on simple text prompts, known as zero-shot prompting. This eliminates the need for data scientists to manually develop specific ML models for each use case, and therefore democratizes AI access, benefitting even small manufacturers. Workers gain productivity through AI-generated insights, engineers can proactively detect anomalies, supply chain managers optimize inventories, and plant leadership makes informed, data-driven decisions.

Nevertheless, standalone FMs face limitations in handling complex industrial data with context size constraints (typically less than 200,000 tokens), which poses challenges. To address this, you can use the FMs ability to generate code in response to natural language queries (NLQs). Agents like PandasAI come into play, running this code on high-resolution time series data and handling errors using FMs. PandasAI is a Python library that adds generative AI capabilities to pandas, the popular data analysis and manipulation tool.

However, complex NLQs, such as time series data processing, multi-level aggregation, and pivot or joint table operations, may yield inconsistent Python script accuracy with a zero-shot prompt.

To enhance code generation accuracy, we propose dynamically constructing multi-shot prompts for NLQs. Multi-shot prompting provides additional context to the FM by showing it several examples of desired outputs for similar prompts, boosting accuracy and consistency. In this post, multi-shot prompts are retrieved from an embedding containing successful Python code run on a similar data type (for example, high-resolution time series data from Internet of Things devices). The dynamically constructed multi-shot prompt provides the most relevant context to the FM, and boosts the FMs capability in advanced math calculation, time series data processing, and data acronym understanding. This improved response facilitates enterprise workers and operational teams in engaging with data, deriving insights without requiring extensive data science skills.

Beyond time series data analysis, FMs prove valuable in various industrial applications. Maintenance teams assess asset health, capture images for Amazon Rekognition-based functionality summaries, and anomaly root cause analysis using intelligent searches with Retrieval Augmented Generation (RAG). To simplify these workflows, AWS has introduced Amazon Bedrock, enabling you to build and scale generative AI applications with state-of-the-art pre-trained FMs like Claude v2. With Knowledge Bases for Amazon Bedrock, you can simplify the RAG development process to provide more accurate anomaly root cause analysis for plant workers. Our post showcases an intelligent assistant for industrial use cases powered by Amazon Bedrock, addressing NLQ challenges, generating part summaries from images, and enhancing FM responses for equipment diagnosis through the RAG approach.

The following diagram illustrates the solution architecture.

The workflow includes three distinct use cases:

The workflow for NLQ with time series data consists of the following steps:

Our summary generation use case consists of the following steps:

Our root cause diagnosis use case consists of the following steps:

To follow along with this post, you should meet the following prerequisites:

To set up your solution resources, complete the following steps:

Next, you create the knowledge base for the documents in Amazon S3.

The next step is to deploy the app with the required library packages on either your PC or an EC2 instance (Ubuntu Server 22.04 LTS).

Provide the OpenSearch Service collection ARN you created in Amazon Bedrock from the previous step.

After you complete the end-to-end deployment, you can access the app via localhost on port 8501, which opens a browser window with the web interface. If you deployed the app on an EC2 instance, allow port 8501 access via the security group inbound rule. You can navigate to different tabs for various use cases.

To explore the first use case, choose Data Insight and Chart. Begin by uploading your time series data. If you dont have an existing time series data file to use, you can upload the following sample CSV file with anonymous Amazon Monitron project data. If you already have an Amazon Monitron project, refer to Generate actionable insights for predictive maintenance management with Amazon Monitron and Amazon Kinesis to stream your Amazon Monitron data to Amazon S3 and use your data with this application.

When the upload is complete, enter a query to initiate a conversation with your data. The left sidebar offers a range of example questions for your convenience. The following screenshots illustrate the response and Python code generated by the FM when inputting a question such as Tell me the unique number of sensors for each site shown as Warning or Alarm respectively? (a hard-level question) or For sensors shown temperature signal as NOT Healthy, can you calculate the time duration in days for each sensor shown abnormal vibration signal? (a challenge-level question). The app will answer your question, and will also show the Python script of data analysis it performed to generate such results.

If youre satisfied with the answer, you can mark it as Helpful, saving the NLQ and Claude-generated Python code to an OpenSearch Service index.

To explore the second use case, choose the Captured Image Summary tab in the Streamlit app. You can upload an image of your industrial asset, and the application will generate a 200-word summary of its technical specification and operation condition based on the image information. The following screenshot shows the summary generated from an image of a belt motor drive. To test this feature, if you lack a suitable image, you can use the following example image.

Hydraulic elevator motor label by Clarence Risher is licensed underCC BY-SA 2.0.

To explore the third use case, choose the Root cause diagnosis tab. Input a query related to your broken industrial asset, such as, My actuator travels slow, what might be the issue? As depicted in the following screenshot, the application delivers a response with the source document excerpt used to generate the answer.

In this section, we discuss the design details of the application workflow for the first use case.

The users natural language query comes with different difficult levels: easy, hard, and challenge.

Straightforward questions may include the following requests:

For these questions, PandasAI can directly interact with the FM to generate Python scripts for processing.

Hard questions require basic aggregation operation or time series analysis, such as the following:

For hard questions, a prompt template with detailed step-by-step instructions assists FMs in providing accurate responses.

Challenge-level questions need advanced math calculation and time series processing, such as the following:

For these questions, you can use multi-shots in a custom prompt to enhance response accuracy. Such multi-shots show examples of advanced time series processing and math calculation, and will provide context for the FM to perform relevant inference on similar analysis. Dynamically inserting the most relevant examples from an NLQ question bank into the prompt can be a challenge. One solution is to construct embeddings from existing NLQ question samples and save these embeddings in a vector store like OpenSearch Service. When a question is sent to the Streamlit app, the question will be vectorized by BedrockEmbeddings. The top N most-relevant embeddings to that question are retrieved using opensearch_vector_search.similarity_search and inserted into the prompt template as a multi-shot prompt.

The following diagram illustrates this workflow.

The embedding layer is constructed using three key tools:

At the outset of app development, we began with only 23 saved examples in the OpenSearch Service index as embeddings. As the app goes live in the field, users start inputting their NLQs via the app. However, due to the limited examples available in the template, some NLQs may not find similar prompts. To continuously enrich these embeddings and offer more relevant user prompts, you can use the Streamlit app for gathering human-audited examples.

Within the app, the following function serves this purpose. When end-users find the output helpful and select Helpful, the application follows these steps:

In the event that a user selects Not Helpful, no action is taken. This iterative process makes sure that the system continually improves by incorporating user-contributed examples.

By incorporating human auditing, the quantity of examples in OpenSearch Service available for prompt embedding grows as the app gains usage. This expanded embedding dataset results in enhanced search accuracy over time. Specifically, for challenging NLQs, the FMs response accuracy reaches approximately 90% when dynamically inserting similar examples to construct custom prompts for each NLQ question. This represents a notable 28% increase compared to scenarios without multi-shot prompts.

On the Streamlit apps Captured Image Summary tab, you can directly upload an image file. This initiates the Amazon Rekognition API (detect_text API), extracting text from the image label detailing machine specifications. Subsequently, the extracted text data is sent to the Amazon Bedrock Claude model as the context of a prompt, resulting in a 200-word summary.

From a user experience perspective, enabling streaming functionality for a text summarization task is paramount, allowing users to read the FM-generated summary in smaller chunks rather than waiting for the entire output. Amazon Bedrock facilitates streaming via its API (bedrock_runtime.invoke_model_with_response_stream).

In this scenario, weve developed a chatbot application focused on root cause analysis, employing the RAG approach. This chatbot draws from multiple documents related to bearing equipment to facilitate root cause analysis. This RAG-based root cause analysis chatbot uses knowledge bases for generating vector text representations, or embeddings. Knowledge Bases for Amazon Bedrock is a fully managed capability that helps you implement the entire RAG workflow, from ingestion to retrieval and prompt augmentation, without having to build custom integrations to data sources or manage data flows and RAG implementation details.

When youre satisfied with the knowledge base response from Amazon Bedrock, you can integrate the root cause response from the knowledge base to the Streamlit app.

To save costs, delete the resources you created in this post:

Generative AI applications have already transformed various business processes, enhancing worker productivity and skill sets. However, the limitations of FMs in handling time series data analysis have hindered their full utilization by industrial clients. This constraint has impeded the application of generative AI to the predominant data type processed daily.

In this post, we introduced a generative AI Application solution designed to alleviate this challenge for industrial users. This application uses an open source agent, PandasAI, to strengthen an FMs time series analysis capability. Rather than sending time series data directly to FMs, the app employs PandasAI to generate Python code for the analysis of unstructured time series data. To enhance the accuracy of Python code generation, a custom prompt generation workflow with human auditing has been implemented.

Empowered with insights into their asset health, industrial workers can fully harness the potential of generative AI across various use cases, including root cause diagnosis and part replacement planning. With Knowledge Bases for Amazon Bedrock, the RAG solution is straightforward for developers to build and manage.

The trajectory of enterprise data management and operations is unmistakably moving towards deeper integration with generative AI for comprehensive insights into operational health. This shift, spearheaded by Amazon Bedrock, is significantly amplified by the growing robustness and potential of LLMs likeAmazon Bedrock Claude 3to further elevate solutions. To learn more, visit consult theAmazon Bedrock documentation, and get hands-on with theAmazon Bedrock workshop.

Julia Hu is a Sr. AI/ML Solutions Architect at Amazon Web Services. She is specialized in Generative AI, Applied Data Science and IoT architecture. Currently she is part of the Amazon Q team, and an active member/mentor in Machine Learning Technical Field Community. She works with customers, ranging from start-ups to enterprises, to develop AWSome generative AI solutions. She is particularly passionate about leveraging Large Language Models for advanced data analytics and exploring practical applications that address real-world challenges.

Sudeesh Sasidharanis a Senior Solutions Architect at AWS, within the Energy team. Sudeesh loves experimenting with new technologies and building innovative solutions that solve complex business challenges. When he is not designing solutions or tinkering with the latest technologies, you can find him on the tennis court working on his backhand.

Neil Desai is a technology executive with over 20 years of experience in artificial intelligence (AI), data science, software engineering, and enterprise architecture. At AWS, he leads a team of Worldwide AI services specialist solutions architects who help customers build innovative Generative AI-powered solutions, share best practices with customers, and drive product roadmap. In his previous roles at Vestas, Honeywell, and Quest Diagnostics, Neil has held leadership roles in developing and launching innovative products and services that have helped companies improve their operations, reduce costs, and increase revenue. He is passionate about using technology to solve real-world problems and is a strategic thinker with a proven track record of success.

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Unlock the potential of generative AI in industrial operations | Amazon Web Services - AWS Blog

NVIDIA NIM microservices now integrate with Amazon SageMaker, allowing you to deploy industry-leading large language models (LLMs) and optimize model performance and cost. You can deploy state-of-the-art LLMs in minutes instead of days using technologies such as NVIDIA TensorRT, NVIDIA TensorRT-LLM, and NVIDIA Triton Inference Server on NVIDIA accelerated instances hosted by SageMaker.

NIM, part of the NVIDIA AI Enterprise software platform listed on AWS marketplace, is a set of inference microservices that bring the power of state-of-the-art LLMs to your applications, providing natural language processing (NLP) and understanding capabilities, whether youre developing chatbots, summarizing documents, or implementing other NLP-powered applications. You can use pre-built NVIDIA containers to host popular LLMs that are optimized for specific NVIDIA GPUs for quick deployment or use NIM tools to create your own containers.

In this post, we provide a high-level introduction to NIM and show how you can use it with SageMaker.

NIM provides optimized and pre-generated engines for a variety of popular models for inference. These microservices support a variety of LLMs, such as Llama 2 (7B, 13B, and 70B), Mistral-7B-Instruct, Mixtral-8x7B, NVIDIA Nemotron-3 22B Persona, and Code Llama 70B, out of the box using pre-built NVIDIA TensorRT engines tailored for specific NVIDIA GPUs for maximum performance and utilization. These models are curated with the optimal hyperparameters for model-hosting performance for deploying applications with ease.

If your model is not in NVIDIAs set of curated models, NIM offers essential utilities such as the Model Repo Generator, which facilitates the creation of a TensorRT-LLM-accelerated engine and a NIM-format model directory through a straightforward YAML file. Furthermore, an integrated community backend of vLLM provides support for cutting-edge models and emerging features that may not have been seamlessly integrated into the TensorRT-LLM-optimized stack.

In addition to creating optimized LLMs for inference, NIM provides advanced hosting technologies such as optimized scheduling techniques like in-flight batching, which can break down the overall text generation process for an LLM into multiple iterations on the model. With in-flight batching, rather than waiting for the whole batch to finish before moving on to the next set of requests, the NIM runtime immediately evicts finished sequences from the batch. The runtime then begins running new requests while other requests are still in flight, making the best use of your compute instances and GPUs.

NIM integrates with SageMaker, allowing you to host your LLMs with performance and cost optimization while benefiting from the capabilities of SageMaker. When you use NIM on SageMaker, you can use capabilities such as scaling out the number of instances to host your model, performing blue/green deployments, and evaluating workloads using shadow testingall with best-in-class observability and monitoring with Amazon CloudWatch.

Using NIM to deploy optimized LLMs can be a great option for both performance and cost. It also helps make deploying LLMs effortless. In the future, NIM will also allow for Parameter-Efficient Fine-Tuning (PEFT) customization methods like LoRA and P-tuning. NIM also plans to have LLM support by supporting Triton Inference Server, TensorRT-LLM, and vLLM backends.

We encourage you to learn more about NVIDIA microservices and how to deploy your LLMs using SageMaker and try out the benefits available to you. NIM is available as a paid offering as part of the NVIDIA AI Enterprise software subscription available on AWS Marketplace.

In the near future, we will post an in-depth guide for NIM on SageMaker.

James Parkis a Solutions Architect at Amazon Web Services. He works with Amazon.com to design, build, and deploy technology solutions on AWS, and has a particular interest in AI and machine learning. In h is spare time he enjoys seeking out new cultures, new experiences, and staying up to date with the latest technology trends.You can find him on LinkedIn.

Saurabh Trikande is a Senior Product Manager for Amazon SageMaker Inference. He is passionate about working with customers and is motivated by the goal of democratizing machine learning. He focuses on core challenges related to deploying complex ML applications, multi-tenant ML models, cost optimizations, and making deployment of deep learning models more accessible. In his spare time, Saurabh enjoys hiking, learning about innovative technologies, following TechCrunch, and spending time with his family.

Qing Lan is a Software Development Engineer in AWS. He has been working on several challenging products in Amazon, including high performance ML inference solutions and high performance logging system. Qings team successfully launched the first Billion-parameter model in Amazon Advertising with very low latency required. Qing has in-depth knowledge on the infrastructure optimization and Deep Learning acceleration.

Nikhil Kulkarni is a software developer with AWS Machine Learning, focusing on making machine learning workloads more performant on the cloud, and is a co-creator of AWS Deep Learning Containers for training and inference. Hes passionate about distributed Deep Learning Systems. Outside of work, he enjoys reading books, fiddling with the guitar, and making pizza.

Harish Tummalacherla is Software Engineer with Deep Learning Performance team at SageMaker. He works on performance engineering for serving large language models efficiently on SageMaker. In his spare time, he enjoys running, cycling and ski mountaineering.

Eliuth Triana Isaza is a Developer Relations Manager at NVIDIA empowering Amazons AI MLOps, DevOps, Scientists and AWS technical experts to master the NVIDIA computing stack for accelerating and optimizing Generative AI Foundation models spanning from data curation, GPU training, model inference and production deployment on AWS GPU instances. In addition, Eliuth is a passionate mountain biker, skier, tennis and poker player.

Jiahong Liuis a Solution Architect on the Cloud Service Provider team at NVIDIA. He assists clients in adopting machine learning and AI solutions that leverage NVIDIA accelerated computing to address their training and inference challenges. In his leisure time, he enjoys origami, DIY projects, and playing basketball.

Kshitiz Guptais a Solutions Architect at NVIDIA. He enjoys educating cloud customers about the GPU AI technologies NVIDIA has to offer and assisting them with accelerating their machine learning and deep learning applications. Outside of work, he enjoys running, hiking and wildlife watching.

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Optimize price-performance of LLM inference on NVIDIA GPUs using the Amazon SageMaker integration with NVIDIA ... - AWS Blog

There has been a flurry of interest in generative AI (GenAI) from telcos, each of which has taken its own nuanced approach to the idea of building its own large language models (LLMs). While Vodafone seems todismiss the ideaand Verizon appears content to build on existing foundation models, Deutsche Telekom and SK Telecomannounced last yearthey will develop telco-specific LLMs. Orange, meanwhile, doesn't currently see the need to build a foundation model, its chief AI officer Steve Jarrett has recently told Light Reading.

Jarrett said the company is currently content with using existing models and adapting them to its needs using two main approaches. The first one is retrieval-augmented generation (RAG), where a detailed source of information is passed to the model together with the prompt to augment its response.

He said this allows the company to experiment with different prompts easily, adding that existing methodologies can be used to assess the results. "That is a very, very easy way to dynamically test different models, different styles of structuring the RAG and the prompts. And [] that solves the majority of our needs today," he elaborated.

At the same time, Jarrett admitted that the downside of RAG is that it may require a lot of data to be passed along with the prompt, making more complex tasks slow and expensive. In such cases, he argued, fine-tuning is a more appropriate approach.

Distilling models

In this case, he explained, "you take the information that you would have used in the RAG for [] a huge problem area. And you make a new version of the underlying model that embeds all that information." Another related option is to distill the model.

This involves not just structuring the output of the model, but downsizing it, "like you're distilling fruit into alcohol," Jarrett said, adding "there are techniques to actually chop the model down into a much smaller model that runs much faster."

This approach is, however, highly challenging. "Even my most expert people frequently make mistakes," he admitted, saying: "It's not simple, and the state of the art of the tools to fine tune are changing every single day." At the same time, he noted that these tools are improving constantly and, as a result, he expects fine-tuning to get easier over time.

He pointed out that building a foundation model from scratch would be an even more complex task, which the company currently doesn't see a reason to embark on. Nevertheless, he stressed that it's impossible to predict how things will evolve in the future.

Complexity budget

One possibility is that big foundational models will eventually absorb so much information that the need for RAG and other tools will diminish. In this scenario, Orange may never have to create its own foundation model, Jarrett said, "as long as we have the ability to distill and fine tune models, where we need to, to make the model small enough to run faster and cheaper and so on."

He added: "I think it's a very open question in the industry. In the end, will we have a handful of massive models, and everyone's doing 99% RAG and prompt engineering, or are there going to be millions of distilled and fine-tuned models?"

One factor that may determine where things will go in the future is what Jarrett calls the complexity budget. This is a concept that conveys how much computing was needed from start to finish to produce an answer.

While a very large model may be more intensive to train in the beginning, there may be less computing required for RAG and fine-tuning. "The other approach is you have a large language model that also obviously took a lot of training, but then you do a ton more compute to fine tune and distill the model so that your model is much smaller," he added.

Apart from cost, there is also an environmental concern. While hyperscalers tend to perform relatively well in terms of using clean energy, and Jarrett claimed that Orange is "fairly green as a company," he added that the carbon intensity of the energy used for on-premises GPU clusters tends to vary in the industry.

Right tool for the job

The uncertainty surrounding GenAI's future evolution is one of the reasons why Orange is taking a measured approach to the technology, with Jarrett stressing it is not a tool that's suited to every job. "You don't want to use the large language model sledge hammer to hit every nail," he said.

"I think, fairly uniquely compared to most other telco operators, we actually have the ability, the skill inside of Orange to help make these decisions about what tool to use when. So we prefer to use a statistical method or basic machine learning to solve problems because those results are more [] explainable. They're usually cheaper, and they're usually less impactful on the environment," he added.

In fact, Jarrett says one of the things Orange is investigating at the moment is how to use multiple AI models together to solve problems. The notion, he added, is called agents, and refers to a high-level abstraction of a problem, such as asking how the network in France is working on a given day. This, he said, will enable the company to solve complex problems more dynamically.

In the meantime, the company is making a range of GenAI models available to its employees, including ChatGPT, Dolly and Mistral. To do so, it has built a solution that Jarrett says provides a "secure, European-resident version of leading AI models that we make available to the entire company."

Improving customer service

Jarrett says this is a more controlled and safer way for employees to use models than if they were accessed directly. The solution also notifies the employee of the cost of running a specific model to answer a question. Available for several months, it has so far been used by 12% of employees.

Orange has already deployed GenAI in many countries within its customer service solutions to predict what the most appealing offer may be to an individual customer, Jarrett said, adding "what we're trialling right now is can generative AI help us to customize and personalize the text of that offer? Does that make the offer incrementally more appealing?"

Another potential use case is in transcribing a conversation with a customer care agent in real time, using generative AI to create prompts. The tool is still in development but could help new recruits to improve faster, raising employee and customer satisfaction, said Jarrett.

While Orange doesn't currently use GenAI for any use cases in the network, some are under development, although few details are being shared at this stage. One use case involves predicting when batteries at cell sites may need replacing.

Jarrett admits, however, that GenAI is still facing a number of challenges, such as hallucinations. "In a scenario where the outputs have to be correct 100% of the time, we're not going to use generative AI for that today, because [it's] not correct 100% of the time," he said.

Dealing with hallucinations

Yet it can be applied in areas that are less sensitive. "For example, if for internal use you want to have a summary of an enormous transcript of a long meeting that you missed, it's okay if the model hallucinates a little bit," he added.

Hallucinations cannot be stopped entirely and will likely continue to be a problem for some time, said Jarrett. But he believes RAG and fine-tuning could mitigate the issue to some extent.

"The majority of the time, if we're good at prompt engineering and we're good at passing the appropriate information with the response, the model generates very, very useful, relevant answers," Jarrett said about the results achieved with RAG.

The availability and quality of data is another issue that is often discussed, and also one that Orange is trying to address. Using data historically kept in separate silos has been difficult, said Jarrett. "[The] availability of the data from the marketing team to be able to run a campaign on where was our network relatively strong, for example those use cases were either impossible, or took many, many, many months of manual meetings and collaboration."

As a result, the company is trying to create a marketplace where data is made widely available inside each country and appropriately labeled. Orange calls this approach data democracy.

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Orange isn't building its own AI foundation model here's why - Light Reading

Machine learning stocks receive a lot of love in 2024

Source: a-image / Shutterstock.com

United States equities are on the rise again in 2024. TheS&P 500and Nasdaq have appreciated 7.2% and 7.4%, respectively. While stocks may be back on the rise, equities investors may want to reconsider putting money in innovative companies. Given the traction AI-related technology companies got last year, machine learning stocks may also receive a lot of love in 2024.

Machine learning (ML)is a branch of artificial intelligence (AI) that enables computers to learn from data and experience without explicit programming. Over the past decade, the technology has also garnered attention for its numerous applications. ML has also received positive attention from Wall Street. Below are three machine learning stocks that could make investors rich in the long-term.

Source: rafapress / Shutterstock.com

UiPath(NYSE:PATH) creates and implements software allowing customers to automate various business processes using robotic process automation (RPA) and artificial intelligence.

TheUiPath Business Automation Platformenables employees to quickly build automations for both existing and new processes by using software robots to perform a myriad of repetitive tasks. These range from simply logging into applications or moving folders to extracting information from documents along with updating information fields and databases. UiPath also provides a number ofturnkey automation solutions, allowing the company to target customers in a variety of industries including banking, healthcare and manufacturing.

Last year, shares of PATH almost doubled. Since the start of the new year, there has been pullback from all the major indices and, of course, UiPath, at its frothy valuation, saw some selling pressure. The companys share price has fallen 7% YTD. Selling pressure has continued slightly after weaker-than-expected guidance in UiPaths Q4 2023 earnings report. Outside of guidance, the company beat both revenue and earnings estimates. Q4 revenue increased 31% YOY to $405 million, and annual recurring revenue increased 22% to $1.5 billion. The company also achieved its first quarter of GAAP profitability as a public company in the fourth quarter.

Strong financial figures, despite weaker-than-expected guidance, could make UiPath a strong performer in 2024.

Source: JHVEPhoto / Shutterstock.com

Its hard to make a machine learning list without listing a semiconductor name, since semiconductors help machine learning programs to work the way they do. Advanced Micro Devices (NASDAQ:AMD) has built a number of advanced hardware for gaming and other computing applications. AMDs Radeon GPUs nowadays support RDNA 3 architecture-based GPUs for desktop-level AI and machine learning workflows.

2024 will be a big year for AMD in terms of AI and ML computing. The chipmaker announced the MI300x GPU chipset almost a year ago in its second quarter 2023 earnings report. To follow that up, in the third-quarter earnings report, AMD announced itexpects to sell $2 billion in AI chips next year. Because these AI chips arestillin high demand in North America, Europe and Asia, AMD will likely reap a significant profit upon entering the space.

Wall Street, notably, is loving AMDs stock. Wall Street firms have recently begun to boost their target prices for the chipmaker. The investment bank Jefferiesraisedtheir target price for AMD to $200/share from $130/share. JPMorgan, Goldman Sachs, Baird and a host of other investment banksalso made significant increases to their target pricesin late January 2024. Moreover, Japanese bank Mizuho Securities has recently raised its target price for $200/share to $235/share.

Source: Mamun sheikh K / Shutterstock.com

Last on our list of machine learning stocks is Palantir Technologies(NYSE:PLTR). Palantir has received a lot of love from some on Wall Street and a number of retail investors. Shares have risen 37% YTD. For those who dont know, Palantir initially focused on serving the defense and intelligence sectors but has since expanded its customer base to include various industries such as healthcare, energy and finance. The company provides a number of AI and ML-based data analytics tools for a number of businesses.

Most recently, Palantir has enjoyed a lot of attention due to its new AI Platform (AIP). AIP candeploycommercial and open-source large language models onto internally held data sets and, from there, recommend business processes and actions. Although I think Palantir has become too overvalued based on many believing its a fully-grown AI company when its just in the beginning, the company certainly has the potential to make investors money in the long-term.

On the date of publication, Tyrik Torresdid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.

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Wall Street's Favorite Machine Learning Stocks? 3 Names That Could Make You Filthy Rich - InvestorPlace

The function and popularity of Artificial Intelligence are soaring by the day. Artificial Intelligence is the ability of a system or a program to think and learn from experience. AI applications have significantly evolved over the past few years and have found their applications in almost every business sector. This article will help you learn the top Artificial Intelligence applications in the real world.

Here is the list of the top 18 applications of AI (Artificial Intelligence):

Artificial Intelligence technology is used to create recommendation engines through which you can engage better with your customers. These recommendations are made in accordance with their browsing history, preference, and interests. It helps in improving your relationship with your customers and their loyalty towards your brand.

Virtual shopping assistants and chatbots help improve the user experience while shopping online. Natural Language Processing is used to make the conversation sound as human and personal as possible. Moreover, these assistants can have real-time engagement with your customers. Did you know that on amazon.com, soon, customer service could be handled by chatbots?

Credit card frauds and fake reviews are two of the most significant issues that E-Commerce companies deal with. By considering the usage patterns, AI can help reduce the possibility of credit card fraud taking place. Many customers prefer to buy a product or service based on customer reviews. AI can help identify and handle fake reviews.

Although the education sector is the one most influenced by humans, Artificial Intelligence has slowly begun to seep its roots into the education sector as well. Even in the education sector, this slow transition of Artificial Intelligence has helped increase productivity among faculties and helped them concentrate more on students than office or administration work.

Some of these applications in this sector include:

Artificial Intelligence can help educators with non-educational tasks like task-related duties like facilitating and automating personalized messages to students, back-office tasks like grading paperwork, arranging and facilitating parent and guardian interactions, routine issue feedback facilitating, managing enrollment, courses, and HR-related topics.

Digitization of content like video lectures, conferences, and textbook guides can be made using Artificial Intelligence. We can apply different interfaces like animations and learning content through customization for students from different grades.

Artificial Intelligence helps create a rich learning experience by generating and providing audio and video summaries and integral lesson plans.

Without even the direct involvement of the lecturer or the teacher, a student can access extra learning material or assistance through Voice Assistants. Through this, printing costs of temporary handbooks and also provide answers to very common questions easily.

Using top AI technologies, hyper-personalization techniques can be used to monitor students data thoroughly, and habits, lesson plans, reminders, study guides, flash notes, frequency or revision, etc., can be easily generated.

Artificial Intelligence has a lot of influence on our lifestyle. Let us discuss a few of them.

Automobile manufacturing companies like Toyota, Audi, Volvo, and Tesla use machine learning to train computers to think and evolve like humans when it comes to driving in any environment and object detection to avoid accidents.

The email that we use in our day-to-day lives has AI that filters out spam emails sending them to spam or trash folders, letting us see the filtered content only. The popular email provider, Gmail, has managed to reach a filtration capacity of approximately 99.9%.

Our favorite devices like our phones, laptops, and PCs use facial recognition techniques by using face filters to detect and identify in order to provide secure access. Apart from personal usage, facial recognition is a widely used Artificial Intelligence application even in high security-related areas in several industries.

Various platforms that we use in our daily lives like e-commerce, entertainment websites, social media, video sharing platforms, like youtube, etc., all use the recommendation system to get user data and provide customized recommendations to users to increase engagement. This is a very widely used Artificial Intelligence application in almost all industries.

Based on research from MIT, GPS technology can provide users with accurate, timely, and detailed information to improve safety. The technology uses a combination of Convolutional Neural Networks and Graph Neural Networks, which makes lives easier for users by automatically detecting the number of lanes and road types behind obstructions on the roads. AI is heavily used by Uber and many logistics companies to improve operational efficiency, analyze road traffic, and optimize routes.

Robotics is another field where Artificial Intelligence applications are commonly used. Robots powered by AI use real-time updates to sense obstacles in its path and pre-plan its journey instantly.

It can be used for:

Did you know that companies use intelligent software to ease the hiring process?

Artificial Intelligence helps with blind hiring. Using machine learning software, you can examine applications based on specific parameters. AI drive systems can scan job candidates' profiles, and resumes to provide recruiters an understanding of the talent pool they must choose from.

Artificial Intelligence finds diverse applications in the healthcare sector. AI applications are used in healthcare to build sophisticated machines that can detect diseases and identify cancer cells. Artificial Intelligence can help analyze chronic conditions with lab and other medical data to ensure early diagnosis. AI uses the combination of historical data and medical intelligence for the discovery of new drugs.

Artificial Intelligence is used to identify defects and nutrient deficiencies in the soil. This is done using computer vision, robotics, and machine learning applications, AI can analyze where weeds are growing. AI bots can help to harvest crops at a higher volume and faster pace than human laborers.

Another sector where Artificial Intelligence applications have found prominence is the gaming sector. AI can be used to create smart, human-like NPCs to interact with the players.

It can also be used to predict human behavior using which game design and testing can be improved. The Alien Isolation game released in 2014 uses AI to stalk the player throughout the game. The game uses two Artificial Intelligence systems - Director AI that frequently knows your location and the Alien AI, driven by sensors and behaviors that continuously hunt the player.

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Artificial Intelligence is used to build self-driving vehicles. AI can be used along with the vehicles camera, radar, cloud services, GPS, and control signals to operate the vehicle. AI can improve the in-vehicle experience and provide additional systems like emergency braking, blind-spot monitoring, and driver-assist steering.

On Instagram, AI considers your likes and the accounts you follow to determine what posts you are shown on your explore tab.

Artificial Intelligence is also used along with a tool called DeepText. With this tool, Facebook can understand conversations better. It can be used to translate posts from different languages automatically.

AI is used by Twitter for fraud detection, for removing propaganda, and hateful content. Twitter also uses AI to recommend tweets that users might enjoy, based on what type of tweets they engage with.

Artificial Intelligence (AI) applications are popular in the marketing domain as well.

AI chatbots can comprehend natural language and respond to people online who use the "live chat" feature that many organizations provide for customer service. AI chatbots are effective with the use of machine learning and can be integrated in an array of websites and applications. AI chatbots can eventually build a database of answers, in addition to pulling information from an established selection of integrated answers. As AI continues to improve, these chatbots can effectively resolve customer issues, respond to simple inquiries, improve customer service, and provide 24/7 support. All in all, these AI chatbots can help to improve customer satisfaction.

It has been reported that 80% of banks recognize the benefits that AI can provide. Whether its personal finance, corporate finance, or consumer finance, the highly evolved technology that is offered through AI can help to significantly improve a wide range of financial services. For example, customers looking for help regarding wealth management solutions can easily get the information they need through SMS text messaging or online chat, all AI-powered. Artificial Intelligence can also detect changes in transaction patterns and other potential red flags that can signify fraud, which humans can easily miss, and thus saving businesses and individuals from significant loss. Aside from fraud detection and task automation, AI can also better predict and assess loan risks.

If there's one concept that has caught everyone by storm in this beautiful world of technology, it has to be - AI (Artificial Intelligence), without a question. AI or Artificial Intelligence has seen a wide range of applications throughout the years, including healthcare, robotics, eCommerce, and even finance.

Astronomy, on the other hand, is a largely unexplored topic that is just as intriguing and thrilling as the rest. When it comes to astronomy, one of the most difficult problems is analyzing the data. As a result, astronomers are turning to machine learning and Artificial Intelligence (AI) to create new tools. Having said that, consider how Artificial Intelligence has altered astronomy and is meeting the demands of astronomers.

Many people believe that Artificial Intelligence (AI) is the present and future of the technology sector. Many industry leaders employ AI for a variety of purposes, including providing valued services and preparing their companies for the future.

Data security, which is one of the most important assets of any tech-oriented firm, is one of the most prevalent and critical applications of AI. With confidential data ranging from consumer data (such as credit card information) to organizational secrets kept online, data security is vital for any institution to satisfy both legal and operational duties. This work is now as difficult as it is vital, and many businesses deploy AI-based security solutions to keep their data out of the wrong hands.

Because the world is smarter and more connected than ever before, the function of Artificial Intelligence in business is critical today. According to several estimates, cyberattacks will get more tenacious over time, and security teams will need to rely on AI solutions to keep systems and data under control.

A human may not be able to recognize all of the hazards that a business confronts. Every year, hackers launch hundreds of millions of assaults for a variety of reasons. Unknown threats can cause severe network damage. Worse, they can have an impact before you recognize, identify, and prevent them.

As attackers test different tactics ranging from malware assaults to sophisticated malware assaults, contemporary solutions should be used to avoid them. Artificial Intelligence has shown to be one of the most effective security solutions for mapping and preventing unexpected threats from wreaking havoc on a corporation.

AI assists in detecting data overflow in a buffer. When programs consume more data than usual, this is referred to as buffer overflow. Aside from the fault caused by human triggers breaking crucial data. These blunders are also observable by AI, and they are detected in real-time, preventing future dangers.

AI can precisely discover cybersecurity weaknesses, faults, and other problems using Machine Learning. Machine Learning also assists AI in identifying questionable data provided by any application. Malware or virus used by hackers to gain access to systems as well as steal data is carried out via programming language flaws.

Artificial Intelligence technology is constantly being developed by cyber security vendors. In its advanced version, AI is designed to detect flaws in the system or even the update. Itd instantly exclude anybody attempting to exploit those issues. AI would be an outstanding tool for preventing any threat from occurring. It may install additional firewalls as well as rectify code faults that lead to dangers.

It's something that happens after the threat has entered the system. As previously explained, AI is used to detect unusual behavior and create an outline of viruses or malware. AI is currently taking appropriate action against viruses or malware. The reaction consists mostly of removing the infection, repairing the fault, and administering the harm done. Finally, AI guarantees that such an incident does not happen again and takes proper preventative actions.

AI allows us to detect unusual behavior in a system. It is capable of detecting unusual or unusual behavior by continually scanning a system and gathering an appropriate amount of data. In addition, AI identifies illegal access. When unusual behavior is identified, Artificial Intelligence employs particular elements to determine whether it represents a genuine threat or a fabricated warning. Machine Learning is used to help AI determine what is and is not aberrant behavior. Machine Learning is also improving with time, which will allow Artificial Intelligence to detect even minor anomalies. As a result, AI would point to anything wrong with the system.

Intelligent technology has become a part of our daily lives in recent years. And, as technology advances across society, new uses of AI, notably in transportation, are becoming mainstream. This has created a new market for firms and entrepreneurs to develop innovative solutions for making public transportation more comfortable, accessible, and safe.

Intelligent transportation systems have the potential to become one of the most effective methods to improve the quality of life for people all around the world. There are multiple instances of similar systems in use in various sectors.

Truck platooning, which networks HGV (heavy goods vehicles), for example, might be extremely valuable for vehicle transport businesses or for moving other large items.

The lead vehicle in a truck platoon is steered by a human driver, however, the human drivers in any other trucks drive passively, just taking the wheel in exceptionally dangerous or difficult situations.

Because all of the trucks in the platoon are linked via a network, they travel in formation and activate the actions done by the human driver in the lead vehicle at the same time. So, if the lead driver comes to a complete stop, all of the vehicles following him do as well.

Clogged city streets are a key impediment to urban transportation all around the world. Cities throughout the world have enlarged highways, erected bridges, and established other modes of transportation such as train travel, yet the traffic problem persists. However, AI advancements in traffic management provide a genuine promise of changing the situation.

Intelligent traffic management may be used to enforce traffic regulations and promote road safety. For example, Alibaba's City Brain initiative in China uses AI technologies such as predictive analysis, big data analysis, and a visual search engine in order to track road networks in real-time and reduce congestion.

Building a city requires an efficient transformation system, and AI-based traffic management technologies are powering next-generation smart cities.

Platforms like Uber and OLA leverage AI to improve user experiences by connecting riders and drivers, improving user communication and messaging, and optimizing decision-making. For example, Uber has its own proprietary ML-as-a-service platform called Michelangelo that can anticipate supply and demand, identify trip abnormalities like wrecks, and estimate arrival timings.

AI-enabled route planning using predictive analytics may help both businesses and people. Ride-sharing services already achieve this by analyzing numerous real-world parameters to optimize route planning.

AI-enabled route planning is a terrific approach for businesses, particularly logistics and shipping industries, to construct a more efficient supply network by anticipating road conditions and optimizing vehicle routes. Predictive analytics in route planning is the intelligent evaluation by a machine of a number of road usage parameters such as congestion level, road restrictions, traffic patterns, consumer preferences, and so on.

Cargo logistics companies, such as vehicle transport services or other general logistics firms, may use this technology to reduce delivery costs, accelerate delivery times, and better manage assets and operations.

A century ago, the idea of machines being able to comprehend, do complex computations, and devise efficient answers to pressing issues was more of a science fiction writer's vision than a predictive reality. Still, as we enter the third decade of the twenty-first century, we can't fathom our lives without stock trading and marketing bots, manufacturing robots, smart assistance, virtual travel agents, and other innovations made possible by advances in Artificial Intelligence and machine learning. The importance of Artificial Intelligence and machine learning in the automotive sector cannot be overstated.

With Artificial Intelligence driving more applications to the automotive sector, more businesses are deciding to implement Artificial Intelligence and machine learning models in production.

Infusing AI into the production experience allows automakers to benefit from smarter factories, boosting productivity and lowering costs. AI may be utilized in automobile assembly, supply chain optimization, employing robots on the manufacturing floor, improving performance using sensors, designing cars, and in post-production activities.

The automobile sector has been beset by supply chain interruptions and challenges in 2021 and 2022. AI can also assist in this regard. AI helps firms identify the hurdles they will face in the future by forecasting and replenishing supply chains as needed. AI may also assist with routing difficulties, volume forecasts, and other concerns.

We all wish to have a pleasant journey in our vehicles. Artificial Intelligence can also help with this. When driving, Artificial Intelligence (AI) may assist drivers in remaining focused by decreasing distractions, analyzing driving behaviors, and enhancing the entire customer experience. Passengers can benefit from customized accessibility as well as in-car delivery services thanks to AI.

The procedure of inspecting an automobile by a rental agency, insurance provider, or even a garage is very subjective and manual. With AI, car inspection may go digital, with modern technology being able to analyze a vehicle, identify where the flaws are, and produce a thorough status report.

Everyone desires a premium vehicle and experience. Wouldn't you prefer to know if something is wrong with your automobile before it breaks down? In this application, AI enables extremely accurate predictive monitoring, fracture detection, and other functions.

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18 Cutting-Edge Artificial Intelligence Applications in 2024 - Simplilearn