We recently compiled a list of the Top 9 Game-Changing Stocks for AI Revolution. In this article, we are going to take a look at where Rockwell Automation Inc. (NYSE:ROK) stands against the other stocks.
Artificial intelligence that is smarter than humans could be more dangerous than helpful. That’s the sentiment echoed by some of the world’s most prominent AI scientists. Max Tegmark, a professor at the Massachusetts Institute of Technology and Yoshua Bengio, “godfather of AI” and a professor at the Université de Montréal, have raised concerns about the proliferation of AI agents without guardrails.
According to Bengio, there is a greater risk in developing artificial intelligence agents without safeguards or knowing how they will behave.
“Do we want to be in competition with entities that are smarter than us? It’s not a very reassuring gamble, right? So we have to understand how self-preservation can emerge as a goal in AI,” Bengio said in a podcast on CNBC.
Tegmark believes there is a need for safety standards to govern how AI tools operate. The ultimate goal is to have powerful AI agents or tools that are simultaneously under human control.
“I think, on an optimistic note here, we can have almost everything that we’re excited about with AI … if we simply insist on having some basic safety standards before people can sell powerful AI systems,” Tegmark said.
In 2023, Tegmark’s Future of Life Institute recommended halting the creation of AI systems that could rival humans in intelligence. Although that hasn’t happened, Tegmark stated that the topic is being discussed and that it’s time to act to determine how to implement safeguards to regulate AGI.
Sentiments by the two AI scientists come on the heels of US President Donald Trump repealing former President Joe Biden’s guardrails that sought to govern the development of artificial intelligence. One key provision under the previous order was the requirement that tech companies develop the most advanced AI models and share details about their work with the government before releasing them to the public.
While tech giants had welcomed the AI safety measure, there was disquiet among some big players insisting that the order, which invoked the Defense Production Act, had the potential to derail the nascent industry. Venture capitalist Marc Andreessen had already warned before Trump came to office that the Biden order would deliberately affect AI development given the onerous regulations in play.
Trump had always been vocal against the AI safety measure, reiterating during the campaigns that it hindered innovation and imposed radical leftwing ideas on technology development. However, free speech was not restricted by the Biden order itself.
Certain provisions of the Biden AI measure sought standards for watermarking AI-generated content in an effort to lessen the risks of impersonation and abusive sexual deepfake imagery. Several federal agencies were also instructed to protect against the possible negative effects of AI applications, cautioning against careless applications that reproduced and intensified existing inequities.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
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A technician in a factory setting next to an industrial automation machine.
Rockwell Automation Inc. (NYSE:ROK)
Number of Hedge Fund Holders: 38
Rockwell Automation Inc. (NYSE:ROK) provides industrial automation and digital transformation solutions. On February 4th, the company confirmed the deepening of its long-standing partnership with FORTNA. The two plan to leverage artificial intelligence in driving digital transformation in the supply chain sector. Consequently, they plan to enhance the safe automation of AI and machine learning to modernize operations and enhance efficiency in supply chain networks.
Key partnership initiatives include automating processes to increase productivity and safety while utilizing advanced analytics to enhance decision-making and digitizing operations. The following phase will also enable FORTNA-designed systems to function more autonomously, utilizing AI to enhance decision-making and streamline processes. The integration of generative AI features should allow Rockwell Automation Inc. (NYSE:ROK) and its partners to offer more integrated services and technology that can help businesses improve operations and adapt to future challenges.
Overall ROK ranks 2nd on our list of the game-changing stocks for AI revolution. While we acknowledge the potential of ROK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ROK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.
Disclosure: None. This article was originally published at Insider Monkey.
