It’s intriguing how AI, or artificial intelligence, has become the latest buzz word, reminiscent of the ‘dot com,’ cannabis, and blockchain trends that once captured investor attention. What’s even more fascinating is the perception of AI as a novel concept, despite its longstanding presence in business operations. However, the current shift towards mainstream adoption has undeniably transformed the AI landscape.

While this transition offers ample potential to find some great companies to invest in, it’s essential to avoid falling into the trap of inflated expectations and overhyped stocks that reference AI in daily press releases to sucker investors into buying their stock.

What’s nice about the company that’s the subject of this pitch is that the only way you find out about their role in AI is by reading the fine print in their boring Securities and Exchange (SEC) filings.

Amid this transformation, the opportunity arises to identify well-established companies leveraging AI for data analysis and operational streamlining.

In this regard, we are closely watching a company that employs AI to offer digital identity and fraud prevention software solutions.

A distinctive aspect of the company lies in its AI-infused cloud software platform, which utilizes artificial intelligence and machine learning to facilitate and enhance the authentication of identity documents through camera-equipped devices. 

Valuation 

A regular research contributor of GeoInvesting (with a great track record) thinks the stock will be able to increase 52.4% from current levels as the story plays out.