What’s The Buzz? AI Stocks On The Move (AI, EPAZ, STRC, PLTR One stock investors should take a look at is EPAZ. Epazz Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions.
A few weeks ago, EPAZ detailed an update regarding the ZenaDrone lineup. The company announced that the aerial technology used by ZenaDrone 1000 from EPAZ will soon receive an update to its artificial intelligence (AI) predictive automation software.
ZenaDrone Inc., a spinoff of Epazz Inc. Holdings, is a manufacturer of multipurpose drones equipped with machine learning systems, multispectral sensors, and AI technology.
The data gathered by ZenaDrone's cameras is used to build an interactive 3D environment. According to the update, the ZenaDrone team will employ predictive AI analytics, or "predictive modeling," a type of analysis that employs methods and resources to create predictive models and make predictions of future outcomes based on acquired data.
Following the updates, EPAZ announced that the company is submitting over five Phase I proposals to the U.S. government under its SBIR Phase I program. SBIR Phase 1 allows small businesses with innovative products to receive US government contracts within 90 days of submission.
If ZenaDrone is awarded a Phase I contract worth up to $75,000 per proposal, EPAZ will then be in a position to submit for Phase 2 contracts, worth up to $1.2 million per contract.
ZenaDrone will gain the ability to be listed as the sole source supplier of its technology, which would allow the U.S. government to purchase the ZenaDrone 1000 without a bidding process.
CEO Shaun Passley, Ph.D., said, "We are working towards our first government contract using multiple avenues, which will hopefully lead to our first set of government customers, and through The SBIR would open us up to the whole federal government for our drone technology."
The possibility of higher returns exists for more seasoned investors or those who don't mind taking on risk on the OTC markets. For investors interested in the high tech and AI sectors, EPAZ offers an attractive play, with competitive technology that the company continues to improve and invest in.
Another company that is leveraging the use of AI in its products is C3.AI (NYSE: AI), which operates as an enterprise artificial intelligence (AI) software company and offers the C3 AI application platform.
The C3 application platform is an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications.
Additionally, it provides integrated turnkey business AI applications for industries including oil and gas, chemicals, utilities, manufacturing, financial services, defense, intelligence, aerospace, healthcare, and telecommunications. The company’s AI solutions are applicable across multiple industries, which gives it an advantage and makes it a promising long-term investment option.
On February 21, C3.ai announced that its expanded collaboration with Amazon Web Services is aimed at leveraging the power of AI to help customers in industries such as defense and intelligence tackle their most pressing business challenges.
As part of this collaboration, C3.ai will integrate its AI applications, including C3 AI Law Enforcement, with AWS services such as Amazon Comprehend.
C3.ai reported impressive financial results in its previous fiscal quarter. The company’s revenue increased 7% year over year, reaching $64.2 million. Subscription sales grew by 26% to $59.5 million in the previous quarter.
Keep an eye out, as this AI stock seems to be trending in the right direction.