If You Like Upstart Holdings, You'll Love This IPO Stock
The applications for artificial intelligence are just starting to surface in everyday life. Sometimes, such algorithms can wreak havoc on public life (think: echo chambers on social media). But in other areas, AI can create a more level playing field.
The AI used by Upstart Holdings (NASDAQ: UPST), for instance, is offering a better risk profile for lenders than traditional methods. Because of it, credit is available to a far wider populace, and lenders aren't losing money because of it. The stock has responded in kind, surging over 1,000% since its 2020 IPO.
But Upstart isn't the only company with a credible way of capitalizing on AI in the marketplace. Riskified (NYSE: RSKD) -- which went public just this summer -- is doing the same thing in e-commerce. It reduces fraud while increasing sales for companies that use its technology.
Source Fool.com
