The AI High School Graduate in Your Pocket
The world of artificial intelligence (AI) has been shaken to its core. OpenAI’s ChatGPT, a language model that can mimic human conversation with an uncanny level of sophistication, has been acing professional certification tests like a straight-A student. In essence, we now have AI that’s as smart as a high school graduate. This isn’t just a fun fact for your next dinner party, it’s a game-changer for the global economy. The sectors that should be shaking in their boots? Healthcare and education.
The AI Gold Rush: Canada’s Front Runners
Canadian companies are not just sitting on the sidelines, they’re diving headfirst into the AI wave. They’re not just dipping their toes in the water, they’re surfing the AI wave like seasoned pros. Here are the stocks you should be watching if you’re betting on the AI revolution.
WELL Health: The AI Doctor Will See You Now
WELL Health Technologies (TSX:WELL) is a healthcare firm that’s not just flirting with AI, it’s taking it to dinner and a movie. They’ve introduced the WELL AI Voice feature, a tool that uses machine learning and natural language processing to transcribe doctor-patient meetings.
Picture this: every doctor equipped with an AI sidekick, taking notes, storing data, and crunching numbers to improve patient outcomes. This isn’t a sci-fi movie, it’s the reality WELL Health is creating. And they’re not just testing the waters, they’re rolling this feature out across their network of healthcare professionals.
Despite their forward-thinking approach, the stock is still undervalued. With a market value of just $1.1 billion and expected revenue of over $700 million this year, it’s a bargain. The company also expects roughly $100 million in adjusted EBITDA. In short, it’s a high-growth AI stock that’s priced like a clearance sale item.
Docebo: The Future of Education is AI
Corporate education is another sector that’s ripe for an AI makeover. Popular AI applications like ChatGPT and Mid Journey are generative, meaning they can create images and text based on user prompts. This could revolutionize education.
