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All AI software needs computing power to find patterns and make inferences from large quantities of data. So the race is on to build AI chips for data centers, self-driving cars, robotics, smartphones, drones and other devices. Startup OpenAI's ChatGPT is only one of many generative AI technologies that could roil a host of industries by creating t...

OpenAI's dominance faces a challenge from open-source LLMs. For example, Hugging Face is an open-source community that offers tools to enable users to build LLMs. Hugging Face recently raised $235 million in a Series D funding round. Investors included Google, Amazon, Nvidia, Intel (INTC), Qualcomm (QCOM),IBM (IBM) and Salesforce (CRM). Meanwhile, ...

Meanwhile, tougher regulation looms. In a meeting with the Biden administration, seven tech companies that are top players in AI committed to transparency and to take security measures as they deploy the technology. Meanwhile, the Federal Trade Commission is investigating whether OpenAI's AI models violate consumer protection laws. Intellectual pro...

BofA likes ETFs such as Global X Robotics & Artificial Intelligence (BOTZ) and Global X Artificial Intelligence & Technology (AIQ). While Amazon's cloud business stands to gain from the AI boom, its consumer electronics business may not near term. Amazon lags its mega-cap peers in generative AI capabilities, analysts say. Despite huge investments, ...

Venture capitalist Marc Andreessen once observed how "software is eating the world" by remaking industries through automation. In the same way, artificial intelligence is expected to transform software. But some software companies could be impacted negatively, cautioned Jefferies analyst Brent Thill in a report. "As AI enhances productivity, compan...

Venture capital is flowing to AI startups. Inflection AI recently raised $1.3 billion in a round led by Microsoft and Nvidia. The funding round values Inflection AI at $4 billion. The company's flagship large language model application is Pi, a personal assistant. Meanwhile, Anthropic on May 23 announced it has raised $450 million in a funding roun...

AI usage is exploding in facial and voice recognition technology, medical diagnostics, algorithmic trading, and automated customer-service bots.Meanwhile, tech giants are expanding AI initiatives. In e-commerce, Amazon plans to add ChatGPT-style search to its online store. Amazon for years has used AI to customize online retail offerings and recomm...

The generative AI wars are heating up in marketing. Salesforce in March rolled out Einstein GPT, which adds OpenAI's features across its software platform. Pilot technology will be available first on its Slack messaging tools. Salesforce has used predictive AI tools since 2016. Meanwhile, Adobe (ADBE) on March 21 unveiled generative artificial inte...

Still, corporate adoption of AI technologies is nascent. The majority of organizations are still experimenting with AI technology, said an Accenture (ACN) study. Artificial intelligence stocks to watch include information technology services firms such as IBM, Accenture, and Epam Systems (EPAM). Not every effort succeeds. IBM sold off Watson Health...