Paul Mampilly is one of the most renown American investor and former manager of the hedge fund. His vast experience in the studying the financial trends have assisted different people who follow his articles to invest wisely. Currently, he works for his Profits Unlimited which is a Banyan Hill publishing that he founded. Through his educative materials that he writes, he gives insights on the various emerging trends in the corporate world.
From the article posted by Paul Mampilly on his twitter account, he talks of Artificial Intelligence as one of the technologies that would revolutionize the e-commerce industry. For instance, he spoke of how the website keeps on opening for his suggestions of the place he should visit, the items he should buy among other additional products. How does a site know exactly what you like and suggests that for you? Paul Mamphilly has tried to answer the same question and clearly. When one visits a given website, let’s say Amazon, there are the most exciting places on the site that one trips frequently. When you visit such an area on the site, you can leave a digital footprint where your data is stored.
After visiting the site for some time, the website through AI can look at the products possessing similar characteristics to the ones you are fond of looking at and suggest for you. Surprisingly enough, the solution is almost as similar to what one buys mostly on the website. Additionally, Paul Mampilly’s article talks of how the three types of stocks have increased by twenty-nine, eighty-six and one forty-five percent respectively. In comparison to the S&P index, it managed to go up by sixteen percent only, which is way smaller than even the lowest performing Artificial Intelligence stock. Therefore, the AI stock has broken a record and beaten the once world leading index. Paul Mampilly concludes by saying that the AI indexes are gaining traction and speed and within the next few years to come it is going to rise further than where it is at the moment and break records.