Top 20 AI Penny Stocks in 2023 Under $1 & $5

Why be interested in AI Penny Stocks?

You must keep Artificial Intelligence Penny Stocks on your radar because of the following reasons:

1. Artificial Intelligence applications are taking over the world. Think of any task that humans are doing, and someone has built or is trying to build an automated AI alternative for it.
2. Besides the AI apps and tools that we can see and use, there is a huge underlying tech infrastructure. Huge data centers running complex AI and Machine Learning models. They are processing large datasets, and doing the heavy lifting for enabling end-user experiences.
3. AI companies exist on the entire spectrum of a technological and infrastructural stack. So think of products you use, the infrastructure supporting it, and the business suppliers and partners of those infrastructure providers. This entire "supply chain" of artificial intelligence solutions is ripe for investing.
4. The well-known top AI companies making headlines have stocks worth thousands of dollars. This makes them hard to reach for young and small-scale investors.
5. Some top tech stocks are available as fractional shares, so you can consider them as well. But they have already seen huge growths, and so the remaining returns on these stocks may not be that attractive.
6. But there are many emerging AI companies with very cheap stocks that are still in their early days of development, and have a huge potential of growing in value.
7. These AI penny stocks are an attractive solution for all investors. Especially the ones looking to ride the Artificial Intelligence Revolution Wave, but who want to invest smaller amounts and take lower risks. And these stocks have the potential to make multi-bagger profits for you both in the short-term and long-term.

The Best Artificial Intelligence Penny Stocks in 2023

We are listing 20 hand-picked stocks related to the field of Artificial Intelligence, its applications, research and infrastructure. We are arranging these stocks in ascending order of their stock prices as of 2 December, 2022.

This list is not financial advice and are for your reference only. You must do your own research before investing in them.

1. Powerbridge Technologies (PBTS): $0.14
2. Oblong (OBLG): $0.19
3. Ideanomics (IDEX): $0.23
4. Remark Holdings (MARK): $0.24
5. Inuvo (INUV): $0.29
6. Amesite (AMST): $0.33
7. Predictive Oncology (POAI): $0.47
8. Creative Realities (CREX): $0.61
9. Qudian (QD): $0.78
10. Infobird (IFBD): $0.80
11. OLB Group (OLB): $0.82
12. Kubient (KBNT): $0.92
13. Alithya Group (ALYA): $1.76
14. Cheetah Mobile (CMCM): $1.89
15. Intellicheck (IDN): $2.18
16. Oppfi (OPFI): $2.50
17. Duos Technologies Group (DUOS):  $2.74
18. Innodata (INOD): $3.39
19. Lantronix (LTRX): $4.94
20. BM Technologies (BMTX): $5.01

A Quick Look at the Top Artificial Intelligence Penny Stocks

Let us get to know these AI companies and their products & services at a glance.

Powerbridge Technologies (PBTS): $0.14

Powerbridge Technologies Co., Ltd.(Nasdaq: PBTS) provides multi-industry technology solutions, software applications and services for the global trade industry. Also, it gives IoT platform services and intelligent fixtures and devices for smart city operations. It manages supply chain platforms and social livestreaming services so as to help the retail industry, metaverse and smart solutions for the travel and leisure industry. Recently it has moved into cryptomining and digital asset operations as well.

Oblong (OBLG): $0.19

Oblong, Inc. provides patented multi-stream collaboration technologies and managed services for video collaboration and network applications. And their patented technologies change the way people work, create and communicate. Also, Oblong's product Mezzanine is a revolutionary remote meeting technology platform because it achieves situational awareness for in-room and remote collaborators by offering simultaneous content sharing. The founding of company was in May 2000 and its headquarters are in Conifer, CO.

Ideanomics (IDEX): $0.23

Ideanomics, Inc. is a global electric vehicle company. Their focus is on driving the adoption of electric commercial vehicles and related sustainable energy consumption. Also note that is made up of 5 subsidiaries: Solectrac, VIA Motors, Wave, Treeletrik and US Hybrid.

Remark Holdings (MARK): $0.24

Remark Holdings, Inc. is a tech company developing and deploying artificial intelligence (AI) products and AI-based solutions for businesses in various industries. It operates through its Technology and Data Intelligence segment. They also provide products and services based on collected and processed data. Because of these applications, they use KanKan, a data intelligence platform. KanKan offers AI-based vision products, computing devices, and software-as-a-service products. And they serve the education, retail, financial, entertainment, and workplace and public safety industries.

Inuvo (INUV): $0.29

Inuvo, Inc. (NYSE: INUV) is a market leader in intelligent advertising. Because it focuses on aligning brands with appropriate content and consumer intent. The artificial intelligence within their patented IntentKey leverages contextually-based machine learning. It also mirrors the manner in which the human brain can instantly associate ideas, emotions, places, people and objects. And Inuvo harnesses this AI power for reaching typically-missed audiences using high performing campaigns.

Amesite (AMST): $0.33

Amesite, Inc. is an AI-driven platform. Their course designer solutions provides customized and scalable online products for schools and businesses. Also, they use machine learning to provide a novel, customized experience to learners. The founding of this company was in November 2017 and its headquarters are in Detroit, MI.

Predictive Oncology (POAI): $0.47

Predictive Oncology Inc., a knowledge-driven company. And their focus is on developing personalized cancer therapies using artificial intelligence (AI). They are primarily operating in the United States. The company was formerly given the name Precision Therapeutics Inc. Also, their name change to Predictive Oncology Inc. was in June 2019. The incorporation of Predictive Oncology Inc. happened in 2002 and Eagan, Minnesota is their home base.

Creative Realities (CREX): $0.61

Creative Realities, Inc. and its subsidiaries provide digital marketing technology and solutions. Their clients are retail companies, individual retail brands, enterprises, and organizations in the United States and internationally. Also, its technology and solutions include digital merchandising systems. Their involvement is in omni-channel customer engagement systems. This is because they also offer interactive digital shopping assistants, advisors and kiosks. And the HQ of Creative Realities, Inc. is in Louisville, Kentucky.

Qudian (QD): $0.78

Qudian, Inc. is a tech platform empowering the enhancement of online consumer finance experience in China. Their platform which uses data-enabled technologies, such as artificial intelligence and machine learning. Because they need to transform the consumer finance experience at scale. Qudian also offers cash credit products providing funds in digital form and merchandise credit products. Min Lua founded Qudian in March 2014. And its HQ is Xiamen, China.

Infobird (IFBD): $0.80

Infobird Co. Ltd. provides standard and customized cloud-based CRM or customer relationship management services. They offer software-as-a-service (SaaS) and business process outsourcing (BPO) services to clients. Infobird has variable interest entities. The founding of this company was in 2001 and their HQ is in Beijing, China.

OLB Group (OLB): $0.82

The OLB Group, Inc. provides integrated financial and transaction processing services. Their clients are small- and mid-sized merchants in the US. The company also operates a Crowdfunding platform for facilitating a capital raise anywhere. And they also offer a cloud-based business management platform provides turnkey solutions for merchants. Because of recent crypto boom in 2020-21, it engages in cryptocurrency mining activities, crypto-related lending and transactional services. OLB also provides ecommerce development and consulting services. The founding of this company was in 1993 with their HQ being in New York, New York.

Kubient (KBNT): $0.92

Kubient Inc is developing a cloud-based software ad management platform. They focus on the real-time trading of digital and programmatic advertising. The Kubient platform allows both advertisers and publishers to use machine learning during any programmatic ad space auction.

Alithya Group (ALYA): $1.76

Alithya Group Inc. provides information technology and management consulting services. The Company offers strategic information technology planning and organizational management services. Their other solutions include program evaluation, business analysis and systems development. Alithya focuses on digital transformation and advisory services for other busineses. They have a global customer base.

Cheetah Mobile (CMCM): $1.89

Cheetah Mobile is a B2B mobile internet company. They develop mobile applications and provide internet security software for its clients. Its mission critical applications are Clean Master, CM Security, Battery Doctor, and Duba Anti-virus. These core apps are useful for making the internet and mobile experience speedier, simpler, and safer for users worldwide. Cheetah Mobile also provides various platform products such as Duba.com, Cheetah browser, game centers, and mobile app stores. These product create multiple user traffic entry points and global content distribution channels for its business partners.

Intellicheck (IDN): $2.18

Intellicheck, Inc. is focusing on the development, integration, and marketing of threat and identity authentication solutions. And it offers professional services, retail, age, defense, guest, and port ID. Also, its founding was in 1994 and its HQ is in Melville, NY.

Oppfi (OPFI): $2.50

OppFi, Inc. is a financial technology platform powering banks to offer lending products to their consumers. They have built an Artificial Intelligence (AI) enabled financial technology platform. With it, they help everyday consumers lacking access to traditional credit products to build a financial path. Also, the OppFi's foundation was by Todd G. Schwartz and Theodore Schwartz in 2012. And their headquarters are in Chicago, IL.

Duos Technologies Group (DUOS):  $2.74

Duos Technologies provides a broad range of sophisticated intelligent technology solutions. Their emphasis is on mission critical applications. Jacksonville, FL is their home base. Duos services customers throughout North America. They are integrating safety, security, situational awareness and automation platforms in all types of environments.

Innodata (INOD): $3.39

Innodata Inc. was formerly known as Innodata Isogen, Inc. It is an American company providing business process, technology and consulting services. They also build products for helping clients create, manage, use and distribute digital information.

Lantronix (LTRX): $4.94

Lantronix, Inc. provides software as a service (SaaS), engineering services, and hardware. The industries and use-cases they serve include Edge Computing, the Internet of Things (IoT), and Remote Environment Management (REM). The foundation of Lantronix was by Bernhard Bruscha in June 1989. Their headquarters are in Irvine, CA.

BM Technologies (BMTX): $5.01

BM Technologies, Inc. is a financial technology (fintech) company in the US. They facilitate deposits and banking services between a customer and their partner banks. BMT was previously known as BankMobile Technologies, Inc. The name change of BM Technologies, Inc. took place in January 2021. The foundation of BM Technologies, Inc. was in 2014. Their HQ is in Wayne, Pennsylvania.

Summary

The utility of Artificial Intelligence Penny Stocks is to create low-hanging fruits for low-budget investing. As AI is applied in all spheres of life and business, the value of AI companies is bound to go up. Since these stocks are mostly below $1, they are called penny stocks. These AI penny stocks are well within the reach of the average retail investor because of their low prices. Artificial Intelligence penny stocks serve as the vehicles to let us all ride the Artificial Intelligence Revolution Wave in the 21st century.