Artificial Intelligence News & Update: Sony (SNE) Stock Closed Down Following Its Announcement To Invest In AI Technology

Artificial Intelligence is a strong asset in every company. In fact, more and more brands are investing in AI. According to new reports, Sony is also doing the same.

Sony Invests In A New AI

According to the HN, Sony announced that they invested an undisclosed amount in Cogitai. Cogitai is a startup AI based in California. The researchers founded this to improve the AI technology learning and response patterns.

Per theStreet, Cogitai is dedicated to solving the biggest issues in AI by recognizing that there is no system with understanding of the world compared to humans.

"Even small children in the first few years of life develop an understanding of the world far richer and more sophisticated than the most elaborate AI systems on earth," Cogitai stated. The company added that "committed to developing systems that learn continually from their experience."

Parent Herald previously reported that AI investment continues to grow. Huge companies including Alphabet, IBM, Facebook, Amazon and Google has already joined the wagon.

"From an objective perspective, we are lagging behind," said CEO Hiroaki Kitano at Sony Computer Science Laboratories, Fortune reported. Sony was a pioneer in AI with its robotic dog AIBO in 1999 and humanoid robot QRIO in 2003. This time, they want to resuscitate their AI lead.

Per the report, Sony will introduce the new AI next year.

Sony (SNE) Shares Closed Down After Announcing AI Investment

Meanwhile, theStreet noted that the shares of Sony (SNE) closed down by 1.75 percent to $25.92 after announcing that they are developing and AI business. Per the report, theStreet Rating objectively rated the stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. It is not based on the news in any given day.

Is AI investment a wise choice? Do you agree with Sony's decision to invest in AI? Do you agree that the announcement about AI investment has no influence when Sony's shares drop? Share your thoughts in the comment section below.