AI can be categorized based on capabilities and functionalities, with each category designed to perform specific types of tasks.
Categories by Capabilities
1. Narrow AI (Weak AI)
AI systems designed to perform a single specific task efficiently. These systems cannot perform tasks outside their pre-defined functions and lack general intelligence.
What it does:
• Voice assistants (Siri, Alexa)
• Image recognition for security
• Recommendation systems (Net...

The diminishing returns on increasing amounts of capital at Cognex are concerning. Unless there is a shift to a more positive trajectory in these metrics, it would be advisable to look elsewhere for investment opportunities.

Cognex's high P/E ratio amid falling earnings signifies investor's hopes for company's recovery. However, current prices could pose risk to share price if no significant improvement is seen.