The artificial intelligence sector is expected to grow at a fairly reasonable clip over the coming years and if you are looking for companies involved in the sector then you could consider taking a look into Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX).
The company is a worldwide leader in artificial intelligence-powered productivity and security solutions along with Robotic Assistance Devices Inc, its fully owned subsidiary unit. The company was in the news last Friday after it made a joint statement with its subsidiary that it had been successful in completing a pilot at a globally present big box retailer.
Perhaps more importantly, the retailer had also informed Artificial Intelligence Technology Solutions that it should expect an order for a total of 7 ROSA security robots. It was also announced that one of the biggest authorised dealers of Robotic Assistance Devices had been responsible for facilitating the order.
The ultimate user of the product is a company within the Fortune 100 and boasts of as many as 1500 retail outlets across the United States. Bagging a client of that size could be seen as a major deal for the company in the long run. The stock rallied by 22% on Friday.