Trending February 2024 # Top 10 Best Indian Ai Stocks To Buy For Good Growth In 2023 # Suggested March 2024 # Top 10 Popular

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These AI stocks of India will lead in 2023 and You must be aware of them

With the changing business landscape, AI is surely playing an important role in every industry vertical. It can mimic human interaction and show human-like capabilities. Today top listed

Tata Elxsi

The Bosch Center for Artificial Intelligence (BCAI) was founded in 2023 to apply cutting-edge AI technology throughout, Bosch products and services, resulting in innovative solutions. Bosch created the technological groundwork for AI to have a real-world impact. Its research produces differentiation in six areas using data from all of Bosch’s disciplines, with a focus on core

Kellton Tech

Kellton Tech Solutions is a Hyderabad-based information technology and outsourcing company with locations in the United States and Europe. With over 1400 people, the company generated net revenues of Rs. 7.39 billion. Kellton Tech creates cutting-edge, focused AI solutions to challenges that traditionally needed a great lot of human intellect, ranging from machine learning to

Happiest Minds

Happiest Minds To help organizations provide immersive consumer experiences and surpass the competition, combine

Zensar Technologies

Zensar Technologies is betting on Artificial Intelligence (AI). The company’s go-to-market strategy is now pivoting away from digital and toward disruptive AI. Zensar AIRLabs, the company’s R&D department, has filed for 100 patents in the last several years and is now entirely focused on AI. Zensar announced the initial set of platforms for seven major areas last week, including sales, marketing, IT, talent supply chain, HR, collaboration, projects, and programs, to help customers create value. Over a three-year period, Nifty IT Stock returned 15.63 percent, compared to Nifty IT, which returned 106.55 percent to investors. Cyientassists companies in achieving business objectives rather than merely new tools and technologies. For self-driving cars, AI can detect changes in the real environment and update maps in real-time. Such navigation helpers can aid autonomous vehicles in fully comprehending the world around them and taking the appropriate actions to avoid collisions. Rather than simply providing new tools and technologies, it aids businesses in attaining their goals. Over a three-year period, the stock returned 24.4 percent, while the Nifty IT returned 106.55 percent to investors.  

Persistent Systems

Persistent Systems Persistent turns AI and machine learning dreams into reality with solutions that aid at every stage of AI and machine learning development. With a methodology that helps prioritize use cases, design platform architecture, scale model development, and operationalize models across the company, our solutions ensure that you realize successful outcomes from your AI and ML investments. Annual sales growth of 16.16 percent surpassed the company’s three-year CAGR of 10.75 percent. Over a three-year period, the stock returned 208.41%, compared to 106.55 percent for the Nifty IT.  

Saksoft

Saksoft assists customers in achieving transformational transformations through intelligent decisions, increased efficiency and productivity, enhanced customer experience, and service innovation by leveraging the critical combination of Artificial Intelligence and automation. Saksoft accelerates digital transformation and applies intelligent automation to solve business problems by combining automation and modern technologies such as RPA, machine learning, IoT, and artificial intelligence. Over a three-year period, the Saksoft shares returned 118.06 percent, while the Nifty IT provided investors a 106.55 percent return.  

Oracle Financials

Oracle Financials Oracle can assist you in implementing AI in your company and IT processes. With Oracle Cloud applications and platform, as well as Oracle Autonomous Database, all operating on Oracle’s Gen 2 Cloud, you can speed up automation, minimize human errors, and gain greater business insights. Only 2.35 percent of trading sessions in the last 16 years had intraday gains of more than 5%. The stock returned -11.82 percent over three years, compared to 44.16 percent for the Nifty 100.  

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Top 6 Best Crypto To Invest In For Huge Growth In 2023

The crypto market presents a tempting opportunity for quick and substantial returns. However, navigating this complex landscape can be particularly challenging for both beginners and pro cryptocurrency investors. With a staggering number of around 23,000 crypto projects, it becomes challenging to identify assets with genuine growth potential. Many lack essential elements such as utility, a competent team, a realistic roadmap, and a well-designed roadmap. 

2. Arbitrum

Arbitrum, a Layer 2 scaling solution for Ethereum, has been recognized as a good crypto to buy due to its potential for scalability and efficiency enhancements. Developed by Offchain Labs, Arbitrum utilizes Optimistic Rollup technology for faster, cost-effective transactions, all the while preserving the security and decentralization of the Ethereum network.

Arbitrum’s operational methodology is based on optimistic execution. This approach initially treats all transactions as valid, executing them off-chain, followed by submission of the results to the Ethereum mainnet. This process provides a trustless and efficient means to scale Ethereum, enabling quicker confirmation times, reducing mainnet congestion, and significantly improving the user experience.

To ensure its security, Arbitrum has introduced a unique fraud proof mechanism. This system allows users to challenge and verify fraudulent transactions, thereby maintaining the integrity of the system, even in the presence of potential threats.

Recently, Arbitrum tokens were distributed to its community through an airdrop, leading to a significant increase in its popularity. The anticipation and interest generated by this event among the community members underscore Arbitrum’s potential in the Ethereum ecosystem, making it one of the key altcoins to watch in the current crypto space.

3. Render Token

Render Token is an ERC20 token designed to streamline the 3D rendering industry by leveraging blockchain technology. It provides creators with a secure and efficient platform to access computational resources required for complex rendering tasks.

The Render Network allows individuals to contribute or rent computational resources, facilitating faster rendering processes. RNDR is a bridge between creatives and Render Nodes, a distributed network of powerful computers enabling seamless collaboration and enhancing rendering speed, convenience, and security.

Render Token extends its capabilities beyond film production, encompassing video game design, virtual reality experiences, and other sectors that benefit from GPU-powered renders. It aims to empower the media industry by enabling high-quality visuals in significantly reduced timeframes.

In addition, this DeFi project facilitates the crowdsourcing of 3D projects and digital asset trading, fostering an ecosystem of creative digital assets, applications, and ideas accessible to all participants.

RNDR tokens reward users who contribute their computing resources to the Render Network to encourage participation. As resource demand grows, the token value can increase, establishing a token reward system for creators and Render Nodes.

4. Conflux

Conflux also emerges as a hybrid permissionless blockchain, combining the elements of proof of work (PoW) and proof of stake (PoS) consensus mechanisms. Initially established as a PoW blockchain, Conflux recently upgraded, introducing a PoS component to its framework. This upgrade allows CFX token holders to participate in staking and earn rewards through the PoS system.

The introduction of the eSpace platform, fully compatible with the Ethereum Virtual Machine (EVM), coincided with the PoS chain upgrade known as the Hydra hard fork. 

Since the dawn of 2023, Conflux’s native cryptocurrency CFX, has experienced a surge in value. The price of CFX has skyrocketed by 1,300% throughout January and February. While it is essential to note that China’s cryptocurrency regulations may change, for now, CFX stands out as one of the best altcoins with significant growth potential.

5. Kava

KAVA is a blockchain platform that aims to provide users with decentralized financial services across various blockchain networks. It operates as a layer-one blockchain solution that supports interoperability, scalability, and security, catering to the growing demands of the DeFi ecosystem.

One of the critical features of KAVA is its ability to enable the issuance of stablecoins. By leveraging its native cryptocurrency, KAVA, users can collateralize their digital assets and generate stablecoins pegged to various fiat currencies. This functionality empowers users with a reliable and secure medium of exchange, eliminating the volatility often associated with cryptocurrencies.

KAVA’s lending and borrowing platform, the KAVA Money Market, allows users to earn interest on their digital assets or borrow against their collateral. This decentralized lending and borrowing ecosystem ensures transparency and accessibility, enabling individuals to leverage their holdings for potential financial growth.

KAVA utilizes a robust security infrastructure to safeguard the platform and user funds. It implements a multi-level governance system that allows token holders to actively participate in decision-making processes, such as proposing and voting on network upgrades and modifications. This ensures community involvement and fosters a sense of ownership among stakeholders.

Interoperability is another crucial aspect of KAVA’s functionality. The platform is designed to seamlessly connect with other blockchain networks, enabling users to access a broader range of assets and opportunities. This interoperability expands the possibilities for decentralized finance, allowing cross-chain transactions and collaborations.

KAVA’s architecture is built on the Cosmos SDK framework, leveraging Tendermint consensus for transaction validation and security. This foundation ensures high throughput, low latency, and enhanced scalability, enabling KAVA to handle a significant volume of transactions.

Furthermore, KAVA’s commitment to decentralization and community engagement is evident through its ecosystem grants program, which provides financial support to developers and entrepreneurs building on the KAVA platform. This initiative fosters innovation and promotes the growth of the KAVA ecosystem.

6. Klaytn

Klaytn is an enterprise blockchain platform developed by Kakao, a South Korean internet provider, with a native token KLAY. It offers a modular network architecture that enables businesses to create and operate their service-oriented blockchains within the Klaytn ecosystem. 

These independently managed subnetworks, known as Service Chains, form the core of Klaytn’s enterprise-friendly infrastructure. Service Chains are highly customizable, making Klaytn suitable for a wide range of web services, excluding projects related to gambling or financial speculation.

Since its mainnet launch in June 2023, Klaytn has attracted over 40 Initial Service Partners (ISPs) from various industries and regions worldwide. These ISPs were chosen based on the quality of their blockchain-based services and the size of their user bases. They represent diverse entertainment, e-commerce, healthcare, and finance sectors. Notable ISPs include Humanscape, a data marketplace for patient-generated health data, Atlas, a blockchain-based travel content and transaction platform developed by Zanadu, and REDi, a marketplace for new and renewable energy.

Klaytn offers a range of unique features, including a metaverse package that provides customized layer-2 solutions, smart contract libraries, blockchain explorers, crypto wallets, bridges, oracles, and supporting services such as NFT marketplaces and stablecoin integration. 

This comprehensive toolset positions Klaytn as an all-in-one solution for building applications within the metaverse, such as play-to-earn crypto games, making it one of the most exciting DeFi companies on the market.

Conclusion

This presale token has already seen a sevenfold increase in value, and with three more presale stages yet to unfold, there are further opportunities for price appreciation (450% growth in total). 

Top 10 Altcoins To Watch Closely In 2023 For Good Returns

You can invest in these top 10 altcoins in 2023

Alternative digital assets, such as a coin or token that is not Bitcoin, are referred to as altcoins. This terminology stems from the notion that Bitcoin is the first cryptocurrency, and all others are “alternative” or “alternative” coins. Here are the top 10 altcoins that should be checked out in 2023.  

Ethereum (ETH)

Ethereum, a smart contract platform for creating decentralized apps (DApps), was created in 2013 by many co-founders, including VitalikButerin. It engineered its own programming language for smart contracts, Solidity. To run your Solidity smart contracts on Ethereum’s blockchain, you pay a network gas fee in Ethereum’s token, Ether. Ethereum laid the foundation for what is now known as decentralized finance (DeFi). Ethereum’s early success has led to a large portion of the DeFi space relying on Ethereum’s blockchain. As Ethereum converts to version 2.0 over the coming year, fees will decrease dramatically and a whole host of new DApps will get their chance to shine. The ticket to ride on the Ethereum blockchain is the Ether token (ETH), which is becoming more useful each day.  

Chainlink (LINK)

Tokens currently represent the vast majority of smart contract applications. Chainlink aims to bring the power of smart contracts to the real world. Chainlink brings outside data into smart contracts. Ethereum Smart contracts can now act on other asset prices, global occurrences and make calls to other APIs. Chainlink makes smart contracts really smart. It also incorporates real-world data. For example, it allows farmers to hedge against a bad season. The smart contracts filtered through Chainlink pay out insurance claims if values in the contract like share price, temperature or rainfall do not meet a certain standard. Instant payments deploy as soon as the program receives the appropriate weather data. Chainlink’s potential seems limitless and many of the top DeFi apps pay huge amounts for the LINK token to use their platform.  

Uniswap (UNI)

Uniswap is an Ethereum-based DApp for exchanging Ethereum tokens through liquidity pools. Uniswap provides 2 core products: providing and using liquidity. Uniswap offers users the ability to exchange Ethereum-based cryptocurrencies instantly by tapping into its smart contract liquidity pools. These liquidity pools are filled by other users, who earn the exchange fees for providing liquidity. Uniswap fees must be paid with the UNI token, making it one of Benzinga Crypto’s top picks for this market cycle.  

Stellar Lumens (XLM)

Stellar, a decentralized platform for uniting the world’s various banking systems, uses different, disconnected payment methods (ACH, SEPA, SPEI, etc). Stellar’s network connects these systems through a decentralized ledger, with on-off ramps for every payment method.  Stellar’s closest competitor, Ripple, faces SEC investigation. Stellar has a prime opportunity to seize the moment and take its best shot at becoming the global payment network. To prevent spam on the Stellar Network, users must pay a transaction fee and meet a margin requirement in Stellar’s token, Lumens (XLM).  

Aave (AAVE)

Decentralized lending offers higher interest rates than centralized lending with better security and anonymity. Aave, one of the leading lending protocols around today, means borrowers must offer collateral greater than the amount they borrow into the loan smart contract. The smart contract safely holds collateral in escrow throughout the term of the loan, replacing the need for a trusted middleman. Should the borrower default, the lender gets automatically paid by the smart contract. Aave offers 10% APY for certain stablecoin loans with no know-your-customer (KYC) required, a product truly unheard of in traditional finance.  

Solana (SOL)

Solana is a smart contract blockchain with an active DeFi ecosystem and over $10 billion locked-in protocols. Many see Solana and other smart contract blockchains as “Ethereum-killers”. Others see the demand for blockchain products growing to the point where many of the largest smart contract blockchains can be simultaneously fully utilized. Regardless of which outcome happens, there’s likely to be a significant amount of innovation happening on the Solana blockchain thanks to its deep-pocketed VC-backing. Solana has been embraced by Sam Bankman Fried and the FTX team, who certainly have the funds to ensure the success of the blockchain. While many financial applications require the security of a heavily decentralized blockchain like Ethereum, blockchain gaming and other applications make more sense on a high-throughput, low-fee chain such as Solana. Solana’s native token is SOL, which is required to interact with the blockchain.  

Enjin (ENJ)

Sandbox (SAND) and Decentraland (MANA) have both risen over 500% since the start of October, according to CoinMarketCap data. Enjin is up almost 170% in the same time period. It’s wise to think carefully before jumping into the latest craze, especially in cryptocurrency, where speculation is rife. But Enjin is an interesting long-term metaverse project, as the platform allows users to create and trade non-fungible tokens (NFTs). NFTs are unique digital collectibles where the ownership information is coded into the token, and they play an important role in the way people own things in these virtual worlds. It is very early days for the metaverse and we don’t yet know how it will unfold. But if it does take off, NFTs will be a core element. Since Enjin makes it easy for people to store and trade their NFTs no matter which metaverse or game they bought them in, it’s a cryptocurrency I’ll be paying attention to.  

Livepeer (LPT)

One that has performed well recently is Livepeer, a decentralized video streaming network. Network participants can earn LPT tokens by contributing their unused computer processing power. Livepeer uses this network of computers to do the intensive work of reformatting videos for different devices. This way, it doesn’t need expensive infrastructure to provide a cheaper and more reliable way to stream videos.  

Elrond (EGLD)

Elrond is one of several smart contract cryptocurrencies to grab investor attention this year. It is a faster, cheaper alternative to Ethereum and has already attracted a number of projects. Elrond recently announced a US$1.29 billion liquidity incentive program for its newly launched decentralized exchange, the Maiar DEX DeFi platform. This offers big rewards to investors who stake EGLD and MEX, the Maiar DEX utility and governance token on the platform. As various programmable blockchains jostle for position, this move makes Elrond a coin worth watching this month.  

Chiliz (CHZ)

Alternative digital assets, such as a coin or token that is not Bitcoin, are referred to as altcoins. This terminology stems from the notion that Bitcoin is the first cryptocurrency, and all others are “alternative” or “alternative” coins. Here are the top 10 altcoins that should be checked out in 2023.Ethereum, a smart contract platform for creating decentralized apps (DApps), was created in 2013 by many co-founders, including VitalikButerin. It engineered its own programming language for smart contracts, Solidity. To run your Solidity smart contracts on Ethereum’s blockchain, you pay a network gas fee in Ethereum’s token, Ether. Ethereum laid the foundation for what is now known as decentralized finance (DeFi). Ethereum’s early success has led to a large portion of the DeFi space relying on Ethereum’s blockchain. As Ethereum converts to version 2.0 over the coming year, fees will decrease dramatically and a whole host of new DApps will get their chance to shine. The ticket to ride on the Ethereum blockchain is the Ether token (ETH), which is becoming more useful each day.Tokens currently represent the vast majority of smart contract applications. Chainlink aims to bring the power of smart contracts to the real world. Chainlink brings outside data into smart contracts. Ethereum Smart contracts can now act on other asset prices, global occurrences and make calls to other APIs. Chainlink makes smart contracts really smart. It also incorporates real-world data. For example, it allows farmers to hedge against a bad season. The smart contracts filtered through Chainlink pay out insurance claims if values in the contract like share price, temperature or rainfall do not meet a certain standard. Instant payments deploy as soon as the program receives the appropriate weather data. Chainlink’s potential seems limitless and many of the top DeFi apps pay huge amounts for the LINK token to use their platform.Uniswap is an Ethereum-based DApp for exchanging Ethereum tokens through liquidity pools. Uniswap provides 2 core products: providing and using liquidity. Uniswap offers users the ability to exchange Ethereum-based cryptocurrencies instantly by tapping into its smart contract liquidity pools. These liquidity pools are filled by other users, who earn the exchange fees for providing liquidity. Uniswap fees must be paid with the UNI token, making it one of Benzinga Crypto’s top picks for this market cycle.Stellar, a decentralized platform for uniting the world’s various banking systems, uses different, disconnected payment methods (ACH, SEPA, SPEI, etc). Stellar’s network connects these systems through a decentralized ledger, with on-off ramps for every payment method. Stellar’s closest competitor, Ripple, faces SEC investigation. Stellar has a prime opportunity to seize the moment and take its best shot at becoming the global payment network. To prevent spam on the Stellar Network, users must pay a transaction fee and meet a margin requirement in Stellar’s token, Lumens (XLM).Decentralized lending offers higher interest rates than centralized lending with better security and anonymity. Aave, one of the leading lending protocols around today, means borrowers must offer collateral greater than the amount they borrow into the loan smart contract. The smart contract safely holds collateral in escrow throughout the term of the loan, replacing the need for a trusted middleman. Should the borrower default, the lender gets automatically paid by the smart contract. Aave offers 10% APY for certain stablecoin loans with no know-your-customer (KYC) required, a product truly unheard of in traditional finance.Solana is a smart contract blockchain with an active DeFi ecosystem and over $10 billion locked-in protocols. Many see Solana and other smart contract blockchains as “Ethereum-killers”. Others see the demand for blockchain products growing to the point where many of the largest smart contract blockchains can be simultaneously fully utilized. Regardless of which outcome happens, there’s likely to be a significant amount of innovation happening on the Solana blockchain thanks to its deep-pocketed VC-backing. Solana has been embraced by Sam Bankman Fried and the FTX team, who certainly have the funds to ensure the success of the blockchain. While many financial applications require the security of a heavily decentralized blockchain like Ethereum, blockchain gaming and other applications make more sense on a high-throughput, low-fee chain such as Solana. Solana’s native token is SOL, which is required to interact with the blockchain.Sandbox (SAND) and Decentraland (MANA) have both risen over 500% since the start of October, according to CoinMarketCap data. Enjin is up almost 170% in the same time period. It’s wise to think carefully before jumping into the latest craze, especially in cryptocurrency, where speculation is rife. But Enjin is an interesting long-term metaverse project, as the platform allows users to create and trade non-fungible tokens (NFTs). NFTs are unique digital collectibles where the ownership information is coded into the token, and they play an important role in the way people own things in these virtual worlds. It is very early days for the metaverse and we don’t yet know how it will unfold. But if it does take off, NFTs will be a core element. Since Enjin makes it easy for people to store and trade their NFTs no matter which metaverse or game they bought them in, it’s a cryptocurrency I’ll be paying attention chúng tôi that has performed well recently is Livepeer, a decentralized video streaming network. Network participants can earn LPT tokens by contributing their unused computer processing power. Livepeer uses this network of computers to do the intensive work of reformatting videos for different devices. This way, it doesn’t need expensive infrastructure to provide a cheaper and more reliable way to stream videos.Elrond is one of several smart contract cryptocurrencies to grab investor attention this year. It is a faster, cheaper alternative to Ethereum and has already attracted a number of projects. Elrond recently announced a US$1.29 billion liquidity incentive program for its newly launched decentralized exchange, the Maiar DEX DeFi platform. This offers big rewards to investors who stake EGLD and MEX, the Maiar DEX utility and governance token on the platform. As various programmable blockchains jostle for position, this move makes Elrond a coin worth watching this month.Chiliz is a cryptocurrency that is aimed at sports enthusiasts. Fans can get involved with their favorite teams by buying fan tokens through its chúng tôi platform. Token holders can vote on decisions like celebration songs, messages on the captain’s armband, and other social media activities. They can also win rewards, such as VIP behind-the-scenes access, signed memorabilia, and meet-and-greet experiences. One reason Chiliz is interesting right now is its new NFT offer. The first live in-game NFT drop took place during a soccer match between AC Milan and AS Roma. Live NFTs are created based on in-game action, and these limited edition NFTs are already proving popular. Another reason to keep Chiliz in your sights is that it is well-positioned as crypto exchanges move into sports sponsorship. The chúng tôi Coin (CRO) jumped this month on news it had bought the naming rights to the Staples Center. On top of that, Binance recently launched a sports fan token platform.

Top 5 Tech Stocks To Watch And Buy On September 09, 2023

In 2023, technology stocks have been on a tear, proceeding with what was flaming in 2023 for the technology sector, which flourished with the abrupt need of boundless remote work welcomed on by the pandemic and social distancing. Recently, many tech stocks are attracting investors globally. Investors need to look out for the best tech stocks to buy before making the right decision with money and time. Analytics Insight provides a list of the top 5 tech stocks, according to

MercadoLibre Inc.

Current Price: US$1,906.14 Market Cap: US$94.757B MercadoLibre Inc. is one of the largest e-commerce platforms in Latin America. The stock climbed nearly 21% in a month and accounts for 0.63% in the fund’s basket. It has an expected earnings growth rate of more than 100% for this year.  

Workday Inc.

Current Price: US$272.20 Market Cap: US$67.506B Workday Inc. is a provider of enterprise-level software solutions for financial management and human resource domains. The stock has surged 16.6% in a month and has 0.3% exposure in the fund’s basket. Its earnings are expected to grow 1.8% in the fiscal year.  

Pinduoduo Inc.

Current Price: US$104.72 Market Cap: US$131.245B Pinduoduo Inc. provides an e-commerce platform allowing users to participate in group buying deals, primarily through Tencent’s Wechat app. The stock has a projected earnings growth rate of 115.2% for this year and has rallied 16.6% in a month. It accounts for 0.26% of the fund’s portfolio.  

Synopsys Inc.

Current Price: US$336.59 Market Cap: US$51.331B Synopsys Inc. is a vendor of electronic design automation (EDA) software for the semiconductor and electronics industries. It has jumped 15.8% in a month and its earnings are expected to increase 22.7% for the fiscal year.  

NVIDIA Corporation

Current Price: US$223.39 Market Cap: US$556.688B

In 2023, technology stocks have been on a tear, proceeding with what was flaming in 2023 for the technology sector, which flourished with the abrupt need of boundless remote work welcomed on by the pandemic and social distancing. Recently, many tech stocks are attracting investors globally. Investors need to look out for the best tech stocks to buy before making the right decision with money and time. Analytics Insight provides a list of the top 5 tech stocks, according to Yahoo Finance Current Price: US$1,906.14 Market Cap: US$94.757B MercadoLibre Inc. is one of the largest e-commerce platforms in Latin America. The stock climbed nearly 21% in a month and accounts for 0.63% in the fund’s basket. It has an expected earnings growth rate of more than 100% for this year.Current Price: US$272.20 Market Cap: US$67.506B Workday Inc. is a provider of enterprise-level software solutions for financial management and human resource domains. The stock has surged 16.6% in a month and has 0.3% exposure in the fund’s basket. Its earnings are expected to grow 1.8% in the fiscal year.Current Price: US$104.72 Market Cap: US$131.245B Pinduoduo Inc. provides an e-commerce platform allowing users to participate in group buying deals, primarily through Tencent’s Wechat app. The stock has a projected earnings growth rate of 115.2% for this year and has rallied 16.6% in a month. It accounts for 0.26% of the fund’s portfolio.Current Price: US$336.59 Market Cap: US$51.331B Synopsys Inc. is a vendor of electronic design automation (EDA) software for the semiconductor and electronics industries. It has jumped 15.8% in a month and its earnings are expected to increase 22.7% for the fiscal year.Current Price: US$223.39 Market Cap: US$556.688B NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. This stock makes up for a 3.78% share in the fund’s basket and has gained 15.1% in a month. It has an estimated earnings growth of 58% for the fiscal year.

Top 10 Indian Robotics Startups Secured Funding In Q1 2023

The world has been witnessing a growing crop of robotics startups, let’s look at their funding and investments

Technological breakthroughs, especially robotics and artificial intelligence, around the world are rapidly changing the way of human interaction with technology surrounding everyone.

CynLr

Total Funding Amount: US$5.3M Recent Investors: Speciale Invest and Srivats Ram CynLr is a visual object intelligence platform that enables industrial robotic arms to see, understand and manipulate any object in random unstructured environments. CynLr intends to simplify manufacturing through its visual robots or object computers, just as the computers simplified data processing.  

Data Sutram

Total Funding Amount: US$2.3M Recent Investors: Indian Angel Network and Varanium Capital Advisors Data Sutram is an AI-driven platform that provides Intel on People & Places with data from 250+ sources. Our proprietary AI and ML-driven data engine automatically convert raw unstructured sources of data from satellites, mobile phones, POS machines & several other sources to create insights that capture how people live & behave, available for any location in varying levels of granularity.  

Mukunda

Total Funding Amount: US$5M Recent Investors: Zomato and Ncubate Capital Partners Mukunda Foods Pvt. Ltd is into the design & development of automated food equipment for use in the Indian food retail segment. Bringing automation into Indian food products is the focus of Mukunda Foods, They make food-making machines for hotels, restaurants & eateries.  

Addverb Technologies

Total Funding Amount: US$$132M Recent Investors: Reliance Industries  

DarwinBox

Total Funding Amount: US$107M Recent Investors: SCB 10X and Lightspeed India Partners Darwinbox is a leading provider of cloud-based Human Resources Management Software (HRMS). With a new-age enterprise-focused HR Technology suite, Darwinbox engages and empowers employees across the entire lifecycle (hire-to-retire) with a smarter, simpler & mobile-first HR Tech experience powered by AI and Machine Learning  

Ati Motors

Total Funding Amount: US$3.5M Recent Investors: LetsVenture and MFV Partners Ati Motors is one of the most unique industrial robotics startups in India right now. The firm has assembled an interdisciplinary team of around 30 engineers across. With an applied research focus, it is high on both academic rigor and implementation expertise. Apart from the in-house team, Ati Motors leverages the excellent vendor ecosystem in Bangalore that already caters to sophisticated aerospace, automotive, and electronics verticals.  

Accio Robotics

Total Funding Amount: US$34.2K Recent Investors: Utpal Doshi and Pankaj Bhargava Accio Robotics is a robotics automation company focused on manufacturing state-of-the-art hardware and software automation solutions. The company aims to simplify the robotics market for businesses. The reason for the push for robotics and automation in various industries is simple. It helps in cutting the lead times of product development when deployed for value-added tasks, and it helps in aiding humans as well as at the same time reducing human error when deployed in incidental tasks.  

Diamond Age

Total Funding Amount: US$58M Recent Investors: Dolby Family Ventures and Alpaca VC Diamond Age is automating new home construction for the production housing industry. Our Robotics-as-a-Service system combines 3D printing, mechatronics, and robotics to unlock the industry’s enormous growth potential by backfilling the massive labor shortage and driving construction cycle times down from 9 months to 30 days.  

Starship Technologies

Total Funding Amount: US$197.7M Recent Investors: TDK Ventures and Goodyear Ventures Starship Technologies is a robotics company building fleets of self-driving delivery robots designed to deliver goods locally within 30 minutes. The robots drive autonomously 99% of the time to make safe and environmentally friendly curb-side deliveries from a local hub. They also offer people convenient new services that improve everyday life. Starships Technologies robots are equipped with a sensor suite that includes cameras, GPS, and inertial measurement units.  

Gecko Robotics

Total Funding Amount: US$122.3M Recent Investors: XN and Mark Cuban Gecko Robotics has developed robots to automate infrastructure inspections alongside software to aggregate and contextualize data to provide the ultimate end-to-end experience for customers. Gecko currently serves any industry with large pieces of critical infrastructure, focusing on enabling infrastructural integrity, safety, and reliability.  

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Top 10 Ai Chip Makers Of 2023: In

As the figure above illustrates, the number of parameters (consequently the width and depth) of the neural networks increase, which indicates greater model size. To derive meaningful results from existing deep learning models, organizations require increased computing power and memory bandwidth. 

Powerful general-purpose chips (such as CPUs) cannot support such sophisticated deep learning models. Therefore, AI chips that enable parallel computing capabilities are increasingly in demand, and according to McKinsey, this trend will continue.

However, even Intel, which has numerous world-class engineers and a strong research background, needed three years of work to develop its own AI chip. Therefore, for most companies, buying chips or platforms that run on a purpose built AI chip, from these vendors is the only way to develop powerful deep learning models. This article will introduce 10 AI chip vendors to help companies choose the right one.

Who are the leading AI chip producers?

1. Nvidia

Source: Google

Nvidia has been producing graphics processing units (GPUs) for the gaming sector since 1990s. The PlayStation 3 and Xbox both use Nvidia graphics arrays. The company also makes AI chips such as Volta, Xavier, and Tesla. Thanks to the generative AI boom, NVIDIA had excellent results in Q2 2023 and reached a trillion in valuation.

NVIDIA’s chipsets are designed to solve business problems in various industries. Xavier, for example, is the basis for an autonomous driving solution, while Volta is aimed at data centers. DGX™ A100 is the flagship AI chip of Nvidia which is also designed for data centers. Product integrates 8 GPUs and up to 640GB GPU memory. Nvidia Grace is the new AI chip model that the company released for the HPC market in 2023.

2. Intel

Intel is one of the largest players in the market and has a long history of technology development. In 2023, Intel became the first AI chip company in the world to break the $1 billion sales barrier. 

Intel’s Xeon processors, which are appropriate for a variety of jobs, including processing in data centers, have had an impact on the company’s commercial success. In comparison to earlier generations, the third generation Xeon platinum series has up to 40 cores and 1.6 times greater memory bandwidth, and 2.66 times greater memory capacity compared to previous generation.

Gaudi is the neural network training accelerator  from Intel. This product is able to scale as models get larger and has a relatively low total cost of ownership. For inferencing, Intel has the Goya, optimized for throughput and latency. 

Intel® NCS2 is the latest AI chip from Intel and was developed specifically for deep learning. 

3. Google Alphabet

Google Cloud TPU is the purpose-built machine learning accelerator chip that powers Google products like Translate, Photos, Search, Assistant, and Gmail. It can be used via the Google Cloud implementation. Edge TPU, another accelerator chip from Google Alphabet, is smaller than a one-cent coin and is designed for edge devices such as smartphones, tablets, and IoT devices.

4. Advanced Micro Devices (AMD)

AMD is a chip manufacturer that has CPU, GPU and AI accelerator products. For instance, AMD’s Alveo U50 data center accelerator card has 50 billion transistors. Accelerator can run 10 million embedding datasets and perform graph algorithms in milliseconds.

IBM launched its “neuromorphic chip” TrueNorth AI in 2014. TrueNorth contains 5.4 billion transistors, 1 million neurons, and 256 million synapses, so it can efficiently perform deep network inference and deliver high-quality data interpretation.

In April 2023, IBM launched its new hardware, “IBM Telum Processor”. Its development process took three years and is aimed to improve efficiency of use of large datasets.  According to IBM, it is suitable to use Telum processors for missions such as preventing fraud immediately due to its improved processor core and memory compared to previous AI chips of the company.

The below video further introduces Telum Processor:

Who are the leading AI chip startups?

We would also like to introduce some startups in the AI chip industry whose names we may hear more often in the near future. Even though these companies were founded only recently, they have already raised millions of dollars.

Source: Statista and Reuters

6. SambaNova Systems

SambaNova Systems was founded in 2023 with the goal of developing high-performance, high-precision hardware-software systems. The company has developed the SN10 processor chip and raised more than $1.1 billion in funding.

It is important to note that, rather than selling its AI processors, SambaNova Systems builds data centers and leases them to the businesses. Product as service approach of SabaNova Systems might enhance product stewardship and force them to produce more durable products since they own it through the lifecycle. AIMultiple evaluates product as service approach as one of the circular economy best practices. 

7. Cerebras Systems

Cerebras Systems was founded in 2024. In April 2023, the company announced its new AI chip model, Cerebras WSE-2, which has 850,000 cores and 2.6 trillion transistors. Undoubtedly, the WSE-2 is a big improvement over the WSE-1, which has 1.2 trillion transistors and 400,000 processing cores. 

Celebra’s system works with many pharmaceutical companies such as AstraZeneca and GlaxoSmithKline because the effective technology of WSE-1 accelerates genetic and genomic research and shortens the time for drug discovery.

8. Graphcore

Graphcore is a British company founded in 2024. The company announced its flagship AI chip as IPU-POD256. Graphcore has already been funded with around $700 million.

Company has strategic partnerships between data storage corporations like DDN, Pure Storage and Vast Data. Graphcore works with research institutes around the globe like Oxford-Man Institute of Quantitative Finance, University of Bristol and Berkeley University of California are other reputable research organizations that use Graphcore’s AI chips.

9. Groq

Groq has been founded by former Google employees. The company represents a new model for AI chip architecture that aims to make it easier for companies to adopt their systems. The startup has already raised around $350 million and produced its first models such as GroqChip™ Processor, GroqCard™ Accelerator, etc.

On the first of March, Groq acquired Maxeler, which has high performance computing (HPC) solutions for financial services applications.

10. Mythic

Mythic was founded in 2012. It developed products such as M1076 AMP, MM1076 key card, etc., and has already raised about $150 million in funding.

You can also check our sortable list of companies working on AI chips.

You might enjoy reading our articles on TinyML and accelerated computing.

If you have questions about how AI hardware can help your business, we can help:

This article was drafted by former AIMultiple industry analyst Görkem Gençer.

References

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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