Artificial intelligence
Financial institution of America sees AI transforming the online more than the following 5 years—top stocks to ride craze
Synthetic intelligence will be a catalyst for big tech stocks in the future five years, according to Financial institution of The usa. The sector has been beaten down in 2022 many thanks to macro aspects, like inflation and increasing interest rates. The tech-significant Nasdaq Composite is down 25% this yr, as opposed with the S […]
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Morgan Stanley downgrades Meta after earnings miss, says higher spending will hurt the stock
Meta’s latest quarterly earnings results should give investors pause, according to Morgan Stanley. Analyst Brian Nowak downgraded shares of Meta to equal weight from overweight and roughly halved his price target on the social media stock, citing higher capital expenditures and lower free cash flow from the company. “We see META’s $69bn of capex over […]
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Wall Street analysts are worried about Meta as it plans to spend even more money on the metaverse
Meta ‘s third-quarter results have Wall Street analysts split on the struggling tech stock. Shares of Meta plunged 23% in Thursday premarket trading after the social media company reported an earnings miss and issued a weaker-than-expected forecast for the fourth quarter. The tech stock is already down more than 60% year to date as the […]
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Why Silicon Valley is so excited about awkward drawings done by artificial intelligence
Zoom In IconArrows pointing outwards Stable Diffusion’s web interface, DreamStudio Screenshot/Stable Diffusion Computer programs can now create never-before-seen images in seconds. Feed one of these programs some words, and it will usually spit out a picture that actually matches the description, no matter how bizarre. The pictures aren’t perfect. They often feature hands with extra […]
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Tesla predicted to show humanoid robot Optimus demo on Friday evening at AI Day 2022
Tesla CEO Elon Musk and leaders from the company’s AI and hardware teams are expected to talk at the company’s AI Day 2022, an engineer-recruiting function, which will be stay-streamed on Friday beginning around 5:00 p.m. in California. You can look at AI Day 2022 in this article. Through the past AI Working day in […]
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Chinese tech giants share details of their prized algorithms with top regulator in unprecedented move
China has introduced rules that aim to govern how technology platforms use recommendation algorithms. It is part of a broader push from Beijing to more closely regulate China’s domestic technology sector. Thomas White | Reuters Chinese technology giants shared details of their prized algorithms with the country’s regulators in an unprecedented move, as Beijing looks […]
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Artificial intelligence drug hunters are nearing a pivotal stage in their development
Efforts to use artificial intelligence to discover drugs have been underway for about a decade but industry watchers are predicting an inflection point is nearing for investors, who have been looking for ways to determine how AI-first drug developers should be valued. AI and machine learning offer the potential to speed up the hunt for […]
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Truist initiates coverage of Tesla with a buy rating and $1,000 price target
Tesla has another bull in its corner. Truist Securities on Wednesday initiated coverage of the electric vehicle maker with a buy rating and price target of $1,000. That represents a more than 40% upside from where shares closed at $711.12 during Wednesday’s session. “We believe the company’s best days, in terms of volume production, product […]
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China and Europe are leading the push to regulate A.I. — one of them could set the global playbook
A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. While China revamps its rulebook for tech, the European Union is thrashing out its own regulatory framework to rein in AI but has yet to pass the finish line. Str | Afp | […]
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