By James Dennin for Kapitall.
Alan Turing is probably the most important person you've
never heard of.
During WWII he was responsible for the division of British
Intelligence that first cracked German codes,
which allowed the Allies to turn the tide and win the
He then went on to become the father of modern computer science
and artificial intelligence. He coined the term "machine
intelligence" and formalized the concepts for "algorithm" and
His so-called "Turing test," was developed in 1950, and proposed
a solution to the question, how can a machine be considered
intelligent? In the test, a human user engages
simultaneously in two conversations, one with a computer and one
with another human, and then has to guess which is
If the human guesses wrong, the computer passes the test. This
weekend, with a 33% selection rate,
a Russian chatbot became the first computer ever to
There are some caveats of course. The chatbot is modeled on a
teenager, which made designing the program behind it a lot easier.
(Teenagers have less life experience and are heavily swayed by
peers, making their behavior a bit more predictable than
Still, the breakthrough is one that's been pursued by thousands
of programmers over the course of almost 60 years. Could
more breakthroughs in the field of artificial
be on the horizon?
We decided to assemble a list of robotics stocks that can
leverage major advances in artificial intelligence and
assembled them here. Now that the Turing test has been bested, will
that translate to future success amongst companies in
robotics and automation? Use the list below to begin your analysis
and let us know what you think in the comments.
Click on the interactive chart to view data over
1. ABB Ltd.
): Provides power and automation technologies for utility and
industrial customers worldwide. Market cap at $54.45B, most recent
closing price at $23.77.
ABB is one of the world's
leading suppliers of industrial robots
2. Adept Technology Inc.
): Market cap at $157.93M, most recent closing price at $12.15.
ADEP works in the robotics industry and their latest initiatives
are focused on robots with autonomous mobility that provide fully
automated, point-to-point and direct movement of goods to transform
conventional material handling vehicles into mobile robots.
3. AeroVironment, Inc.
): Designs, develops, produces, and supports unmanned aircraft
systems (UAS), and efficient energy systems for various industries
and governmental agencies. Market cap at $744.41M, most recent
closing price at $33.42.
AVAV focuses on empowering the 21st Century warfighter with
their integrated and interoperable family of small unmanned
4. Elbit Systems Ltd.
): Engages in the design, development, manufacture, and integration
of defense systems and products worldwide. Market cap at $2.74B,
most recent closing price at $63.51.
Operates primarily in the defense and homeland security
5. iRobot Corporation
): Designs and builds robots for the consumer, government, and
industrial markets. Market cap at $1.09B, most recent closing price
Designs robots primarily for the consumer markets.
6. Raytheon Co.
): Provides electronics, mission systems integration, and other
capabilities in the areas of sensing, effects, and command,
control, communications, and intelligence systems, as well as
mission support services in the United States and internationally.
Market cap at $30.83B, most recent closing price at $98.78.
Raytheon deals a lot with
automation across most of their businesses
(List compiled by James Dennin. Monthly returns sourced from
Zacks Investment Research.)
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