Author: Daniel Liberto / Source: Investopedia ) investment in computers that function like a human brain is paying off, in more ways than
) investment in computers that function like a human brain is paying off, in more ways than one. Aside from helping to draw people back to the social media website, the company’s growing status in artificial intelligence (AI) is also attracting attention from high profile investors.
In an interview with CNBC’s Squawk Alley, billionaire businessman Mark Cuban confirmed that he has recently been buying Twitter stock, as well as shares in other big names that work in AI, deep learning and machine learning, such as Amazon (AMZN
) and Netflix (NFLX). In the interview, which sent the company’s embattled shares up 4 per cent, Cuban claimed that firms specializing in AI are likely to experience better productivity and higher revenues off a smaller workforce, which should subsequently boost earnings.