Published on 6 Oct 2024 on Insider Monkey · via Yahoo Finance

Aspen Technology, Inc. (AZPN) Leverages AI for Industrial Efficiency; Price...

We recently compiled a list of the 20 Hidden Gem AI Stocks. In this article, we are going to take a look at where Aspen Technology, Inc. (NASDAQ:AZPN) stands against the other hidden gem AI stocks.

The rise of artificial intelligence (AI) businesses has loomed large over finance markets in the past few months, pushing investor attention away from other topics. This is because AI-enabled breakthroughs are creating new areas of focus for investors and disrupting major industries. Some of the major themes in this regard include AI-powered systems for environmental monitoring, ethical discussions surrounding the role of AI in healthcare, and the continued evolution of large language models. For example, tech giant Microsoft recently led the development of an AI system capable of predicting air pollution on a global scale. This system generates real-time, hyperlocal pollution forecasts, using data from satellites and ground sensors. The breakthrough could prove crucial for public health, especially in densely populated areas that suffer from poor air quality. The implications of this development extend beyond environmental health to improving policy decisions worldwide.