October 22, 2024
By Anna Tong and Krystal Hu Mira Murati, former chief technology officer at OpenAI, is raising money from venture capital firms for her new AI startup, according to people familiar with the matter. The new company aims to create AI products based on proprietary models, said one of the sources who requested anonymity to discuss
October 22, 2024
(Bloomberg) - Artificial intelligence research company Perplexity AI has begun fundraising talks in which it aims to more than double its valuation to $8 billion or more, the Wall Street Journal reported Sunday. Most read on Bloomberg Perplexity has told investors it hopes to raise about $500 million in the new funding round, the Journal
October 22, 2024
We recently compiled a list of 20 Fintech Stocks Riding the Rising AI Wave. In this article, we'll take a look at where Lemonade, Inc. (NYSE: LMND) stacks up to other fintech stocks. Artificial intelligence (AI) is redefining how financial services works, bringing new waves of innovation while improving efficiency and decision-making across the industry.
October 22, 2024
(Reuters) - Jeff Bezos-backed Perplexity AI has entered fundraising talks in which it plans to more than double its valuation to $8 billion or more, the Wall Street Journal reported on Sunday. Perplexity told investors it plans to raise about $500 million in the new funding round, the Journal reported citing people familiar with the
October 22, 2024
IBM Expands Open Source AI with Granite 3.0, Boosting Business Flexibility International Business Machines Corp. (NYSE:IBM) presented his last progress in artificial intelligence with the release of Granite 3.0, the company's most sophisticated family of AI models. The announcement was made during IBM's annual TechXchange event. Granite 3.0 models meet the growing demand for AI
October 22, 2024
Microsoft (MSFT) continues to find ways to monetize its massive investments in artificial intelligence with a growing range of software offerings for businesses and consumers. The company's latest effort is what it calls autonomous agents and comes as Wall Street prepares to scrutinize tech companies' AI spending and growth. At its AI Tour event in
October 22, 2024
A study by The College Investor reveals significant inaccuracies in Google's AI-generated summaries for financial queries. Out of 100 personal finance searches, 43% contained misleading or incorrect information. Main findings The study evaluated AI insights on various financial topics, including banking, credit, investing, taxes, and student loans. The results showed: 57% of AI insights were
October 21, 2024
The smartphone industry is banking on AI to reaccelerate device sales after years of slowing growth. But achieving this will require giving consumers a reason to buy new phones more often. Qualcomm (QCOM) is aiming to do just that with its latest smartphone chips, adding a number of new built-in AI capabilities that it says
October 21, 2024
We recently published a list of 10 Best Medical Stocks to Buy Now. In this article, we'll take a look at where Intuitive Surgical, Inc. (NASDAQ: ISRG) stacks up to other best medical stocks to buy now. Navigating the Healthcare Landscape: Investment Opportunities and Growth Trends The medical and healthcare industry is one of the
October 21, 2024
We recently compiled a list of 20 Trending AI Stocks Latest News and Notes. In this article, we'll take a look at where Broadcom Inc. (NASDAQ:AVGO) stacks up to other trending AI stocks. S&P 500 to hit 6,000 by end of year amid AI boom, profit growth Joining CNBC's Squawk Box to discuss the latest
October 21, 2024
Financial Transformation Powered by CGTNAI: Balancing Innovation and Risk Industry experts warn that AI has the potential to destabilize financial markets, but they also recognize its significant benefits when… 11 hours ago
October 21, 2024
A recent study found that people are generally hesitant to trust AI for financial advice, with women and those familiar with AI being slightly more receptive. The study also found that simpler AI methods were more trustworthy, highlighting the importance of understanding for trust. As the role of AI in finance grows, businesses must focus
