|Day's range||1.0500 - 1.1700|
With ChatGPT and generative AI dominating the news cycle, Yahoo Finance caught up with CEOs utilizing some new AI platforms. Toggle AI CEO Jan Szilagyi discussed how his company's AI platform could help investors. Szilagyi said, "ChatGPT is of course in the limelight because everybody is now learning how to use this technology. What we have taken is foundationally the same model, but we've trained it specifically and much more narrowly on financial analytics." Thomson Reuters (TRI) announced a partnership with Microsoft (MSFT) at Microsoft Build 2023. Thomson Reuters CEO and President Steve Hasker discussed how this new tool could greatly assist lawyers in the field. Hasker said, "The idea is that a lawyer can go into Microsoft Word and use a large language model, an AI model, to auto-generate the first version of a contract, and allows an attorney, in real time, make the edits and ensure that that draft contract is perfectly accurate." Video highlights: 00:00:03 - Toggle AI CEO Jan Szilagyi 00:00:52 - Thomson Reuters CEO and President Steve Hasker
Ansys (ANSS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Microsoft (NASDAQ: MSFT), one of the market's darlings at the time, swelled to more than 70 times its earnings, a valuation that suppressed investment returns for years after the bubble burst. The tale reminds me of what's happening to Nvidia (NASDAQ: NVDA) today. While I don't think Nvidia will put investors underwater for 15 years, the stock has become a potential trap for investors looking to chase the hype.
The Ark Invest boss is betting on these artificial intelligence, e-commerce, and electric vehicle stocks.
Japan's privacy watchdog said on Friday it has warned OpenAI, the Microsoft-backed startup behind the ChatGPT chatbot, not to collect sensitive data without people's permission. OpenAI should minimise the sensitive data it collects for machine learning, the Personal Information Protection Commission said in a statement, adding it may take further action if it has more concerns. While Japan has been on the backfoot with some recent technology trends, it is seen as having greater incentive to keep pace with advances in AI and robotics to maintain productivity as its population shrinks.
The incoming head of the U.N. migration agency said on Thursday that she has talked to companies like Microsoft to see how they can build partnerships to manage migration. A record number of people -- more than 100 million -- are forcibly displaced around the world and the Geneva-based International Organization for Migration (IOM) seeks to ensure humane and orderly migration and intervenes where needed. Washington's candidate Amy Pope, who beat her Portuguese boss Antonio Vitorino in an tense election last month to head the organisation, said there was a need to ease strain on asylum systems in Western countries she described as "completely overwhelmed".
C3.ai shares were punished by investors on Thursday after the company failed to deliver the kind of blowout numbers recently reported by some peers in the AI race.
Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) hold the two largest market shares in cloud computing with their respective services: Amazon Web Services (AWS) with a 32% share and Azure with 23%. As a result, one of these companies looks poised to become a dominant figure in both the cloud and AI markets, making their stocks compelling investments. Amazon's biggest asset is its lead in the cloud market with AWS.
Lawyers have to deal with a lot of paperwork. But generative AI may be able to help them cut some of that work down. Thomson Reuters CEO and President Steve Hasker joins Yahoo Finance Live to discuss his company's latest offering to help the legal field.
The Irish Data Protection Commission (IDPC) launched an investigation into the professional networking platform in 2018 over whether its targeted advertising practices violated the European data protection law. The regulator's order is not public and Microsoft said that LinkedIn was informed about the preliminary decision in April. Microsoft added it would dispute the proposed fine after receiving a final order.
The cloud market has had its share of attention in recent years, with the COVID-19 pandemic bolstering the sector as thousands of companies moved to hybrid working styles. As a result, cloud giants enjoyed several quarters of winning over investors with double-digit revenue growth from their cloud platforms. Last year's economic headwinds have since slowed cloud growth for many companies as rising inflation forced businesses to trim cloud budgets.
Amazon (AMZN) announces the general availability of its purpose-built security data lake, called Amazon Security Lake.
Nvidia's blockbuster quarter and valuation questions to consider. If Best Buy needs sales growth to reward shareholders. Plus, Motley Fool analysts Tim Beyers and Meilin Quinn interview DigitalOcean CEO Yancey Spruill about how the cloud service provider differentiates itself from competitors like Microsoft and Amazon.
Thanks to companies like OpenAI and its ChatGPT platform, natural language generative AI has matured to the point that businesses are able to successfully deploy it in their day-to-day operations. ChatGPT could eventually have a profound impact on many industries, but it's targeting internet search engines at the moment. Alphabet's (NASDAQ: GOOGL)(NASDAQ: GOOG) Google Search is one such platform caught in the crosshairs.
Revenue for the video games market is projected to hit $385 billion this year and continue expanding at a compound annual rate of 8% through 2027, according to the forecasters at Statista. While its growth may not be as significant as other tech markets like artificial intelligence (AI) or cloud computing, there's a never-ending supply of new video games, and the market for them has grown consistently over the long term. Adding a video gaming stock to your holdings can be an excellent way to instill stability in your portfolio, and there's no better time than the present to do so.
These companies have exciting developments on the way, with promising outlooks in AI and virtual/augmented reality.
NVIDIA, Marvell, Microsoft, Arista and Palantir have been highlighted in this Market Edge article.
In the latest trading session, Microsoft (MSFT) closed at $328.74, marking a -0.75% move from the previous day.
As chipmaker Nvidia soars above a $1 trillion market value, investors are searching for the next big tech name that could see the same AI boost. Portfolio Manager of the BullseyeBrief.com American Ingenuity Fund Adam Johnson details several tech stocks that could follow Nvidia's lead and capitalize on artificial intelligence trends.
After Nvidia joined the $1 trillion market club on Tuesday, Yahoo Finance spoke with experts, analysts, and strategists, who weighed in on the outlook for the company amid recent AI trends. Yahoo Finance's Brad Smith spoke on the fanfare around Nvidia (NVDA) and AI. Smith said, "I'm going to break this down in three quick letters, it's A M C. At the top, you've got the applications that are going to sit on top of the M, the language-learning models, and at the bottom of it you've got the chips and the data centers." KeyBanc Capital Markets Equity Research Analyst John Vinh discussed Nvidia's advanced software. Vinh said, "They've got millions of AI developers that are focused on the Nvidia ecosystem and it's really this software ecosystem that's going to give them a sustainable advantage for quite some time." Yahoo Finance's Dan Howley explained what he thinks gives Nvidia an edge. Howley said, "People are really talking about how to get their chips at this moment. We're not talking about small firms either. We're talking about the likes of Microsoft (MSFT), Google (GOOG, GOOGL), Meta (META) ... Nvidia really is riding this hype train, and they're the conductor." Annandale Capital Founder and Chairman George Seay discussed his thoughts on Nvidia and why investors should remain cautious on AI. Seay said, "Nvidia is going to be a big winner. And I think you've got to look at some of the others like Google and Amazon, some of the other beneficiaries of this movement, and basically spread your bets." Video highlights: 00:00:03 - Yahoo Finance's Brad Smith 00:00:28 - KeyBanc Capital Markets Equity Research Analyst John Vinh 00:00:53 - Yahoo Finance's Dan Howley 00:01:24 - Annandale Capital Founder and Chairman George Seay
Nvidia is the go-to name for AI chips, and powering Wall Street's hype train.
The tech giant is riding several secular tailwinds in areas such as gaming, cloud computing, and artificial intelligence.
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