![]() During the latest quarter, the company posted a 75% year-over-year spike in revenues to $215.7 million, and the dollar-based net expansion rate was 121%. It has low-code/no-code code that allows non-technical people to use it.ĪYX is also one of the best growth stocks around. ![]() Then there are sophisticated systems for analytics and AI.īut you do not have to be a data scientist to benefit from Alteryx. As for the functions, they include data preparation, blending and enrichment. It works with any data source, whether enterprise applications, warehouses, robotic process automation or file/doc systems. The company has built a comprehensive platform that is based on years of research and development, as well as smart acquisitions. And one of the best AI stocks in the category is Alteryx ( AYX, $56.02). To deal with this, there are automation tools to help out. But the process can be time-consuming and expensive. This is why there needs to be wrangling of the data for AI models. ![]() There are gaps, missing items, outliers and bias. More operators will look for creative ways to leverage the technology and build more efficient processes, without expanding budgets." With AI in the mainstream, we can expect a sizable boost in business adoption to follow suit. "But with the growing popularity of generative AI, like ChatGPT, consumers are realizing its utility in augmenting day-to-day activities. "AI has always had massive utility for businesses," said Steve Phillips, CEO and cofounder of Zappi. This technology is based on several breakthroughs during the past few years, such as transformer and diffusion models. Rather, generative AI creates data, such as text, images and video. This is different from traditional models, which mostly find patterns in data. ChatGPT really does seem human-like.Īt the core of this platform is generative AI. It's also a lot of fun, if not somewhat scary. It could be on par with other moments like the Netscape IPO or Apple's ( AAPL) release of the iPhone.ĬhatGPT has allowed millions of people to get first-hand experience with the benefits of AI. The launch of ChatGPT in late November was certainly a watershed event in AI.
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