(Bloomberg) — Investors are becoming more optimistic about Alphabet Inc.’s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling. Most Read from Bloomberg The stock is heading back toward what would be a record $2 trillion market value — a milestone surpassed only by Microsoft Corp., Apple Inc. and
Rocket Mortgage is flexing its tech muscle with the launch of a platform that uses machine learning to pull important information from borrower documents during the underwriting process. According to Rocket, the new technology dubbed Rocket Logic will be used to scan and identify files uploaded by the borrower to “ensure clients are providing the
Microsoft will reportedly invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country, training 3 million people in AI and setting up a Microsoft Research Asia lab in Tokyo, Reuters reported Tuesday (April 9). The company will announce this investment Tuesday, while Japanese Prime Minister
Virtual Investor Conferences Company invites individual and institutional investors, as well as advisors and analysts, to attend in person or online at VirtualInvestorConferences.com MONTREAL, April 09, 2024 (GLOBE NEWSWIRE) — DIAGNOS inc. (ADK TSX: OTCQB: DGNOF), based in Montreal, Canada, focused on Artificial Intelligence for the medical market, today announced that Andre Larente, CEO, will present
ROME (Reuters) – The venture capital arm of Italy’s Cassa Depositi e Prestiti (CDP) will invest 1 billion euros ($1.1 billion) over the next five years in artificial intelligence (AI) and cybersecurity, the state lender said on Monday. The government in March had announced its intention to set up an investment fund to promote projects
Investors tied to Elon Musk are reportedly planning a $3 billion funding round for xAI. This round would value the artificial intelligence (AI) firm at $18 billion, The Wall Street Journal (WSJ) reported Friday (April 5), citing sources familiar with the matter. Sources told WSJ that venture capital company Gigafund and Steve Jurvetson, a prominent Musk backer
Cloudflare Cloudflare NET $1.70 1.76% 56% IBD Stock Analysis Shares trying to find support at 10-week line. Stock forming a new base. 100.90 early entry. Composite Rating Industry Group Ranking Emerging Pattern Pullback * Not real-time data. All data shown was captured at 11:58AM EDT on 04/01/2024. Cloudflare (NET) is the IBD Stock of the
(Bloomberg) — For Asia investors concerned about artificial intelligence stocks looking overheated, one top fund manager suggests a surprising reason to keep buying them: dividends. Most Read from Bloomberg “Tech companies we own in Asia all have a net cash balance sheet, they all pay a dividend today, and we expect them all to increase
The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed
An analyst downgraded data analytics software maker Palantir Technologies (PLTR) on Thursday on views its valuation is inflated amid investor buzz over generative artificial intelligence. Palantir stock fell in morning trading, X Brian White, analyst at Monness, Crespi, Hardt & Co., downgraded Palantir stock to sell from neutral. He set a price target of 20