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>>> Peter Thiel Unloads $175 Million of Palantir in First Sale Since 2021
Bloomberg
by Vernal Galpotthawela
March 15, 2024
https://finance.yahoo.com/news/peter-thiel-unloads-175-million-184318091.html
(Bloomberg) -- Peter Thiel sold some of his $3.4 billion stake in Palantir Technologies Inc. for the first time in more than two years as shares of the software and analysis company soar on artificial intelligence optimism.
Thiel sold more than 7 million shares worth roughly $175 million Tuesday, according to a filing. He still owns about 7% of the Denver-based company, the largest asset in his $10.5 billion fortune, according to the Bloomberg Billionaires Index.
The shares jumped 31% on Feb. 6, after the company reported its first annual profit and forecast higher-than-expected earnings for 2024, boosted by strong demand for its artificial intelligence technology. They are up 37% this year.
Thiel joins other billionaires including Mark Zuckerberg and Jeff Bezos who have taken advantage of the tech rally to unload shares in recent months after not selling for years.
Thiel co-founded Palantir in 2003 and remains its chairman. He owns shares directly as well as through funds with names from JRR Tolkien’s Lord of the Rings, including Mithril and Rivendell. Palantir itself is named after a crystal ball from the series.
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>>> Why C3.ai Stock Rocketed Higher Thursday Morning
by Danny Vena
Motley Fool
Feb 29, 2024
https://finance.yahoo.com/news/why-c3-ai-stock-rocketed-162410723.html
Shares of C3.ai (NYSE: AI) moved sharply higher Thursday morning, soaring by as much as 26.4%. As of 10:40 a.m. ET, the stock was still up by 24.3%.
The catalyst for that surge was the quarterly report it delivered after the close Wednesday, which revealed that the artificial intelligence (AI) specialist may finally be tapping into the widening adoption of AI.
The beginnings of a turnaround?
For its fiscal 2024 third quarter, which ended Jan 31, C3.ai generated revenue of $78.4 million, up 18% year over year. Subscription revenue grew even faster, up 23% to $70.4 million, accounting for 90% of the total. The results were further aided by the company's expanding gross profit margin of 58%, which edged higher from 56% in fiscal Q2.
Profits continued to be elusive. C3.ai booked a net loss of $72.6 million, resulting in an adjusted loss of $0.13 per share -- more than double its loss of $0.06 per share in the prior-year quarter.
To put those results into context, analysts' consensus estimates were calling for revenue of $76.1 million and a loss of $0.28 per share, so the company beat on both top and bottom lines.
Better days to come
C3.ai's results might not seem like much to celebrate, particularly given its worsening bottom-line losses. However, there are indications that better days could be coming as management increased its full-year guidance and investors let out a collective cheer.
The company cited the increasing number of new agreements it has signed with customers -- it inked 50 during the quarter, up 85% year over year. Of those, 29 were new pilots. Management expects these deals will translate into commercial revenue in the months and years to come.
For its fiscal 2024 fourth quarter, management forecasts revenue of between $82 million and $86 million, which would amount to growth of roughly 10% at the midpoint. For the full year, C3 is forecasting revenue of $306 million to $310 million, a year-over-year increase of about 15% at the midpoint. Most of that range tops analysts' consensus expectation for revenue of $306.2 million. However, as a result of its increasing investments, the company said its losses will continue, and it no longer expects to be profitable by the fiscal fourth quarter.
C3.ai still needs to show it can capitalize on the AI boom and turn a profit.
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>>> Why Palantir Technologies, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Have Skyrocketed 50% or More in February
by Danny Vena
Motley Fool
February 19, 2024
https://finance.yahoo.com/news/why-palantir-technologies-arm-holdings-171500648.html
The rapid adoption of artificial intelligence (AI) has been gathering steam over the past year, but there's been a notable uptick in AI-related developments over the past several weeks. Since the start of February alone, shares of Palantir Technologies (NYSE: PLTR) have jumped 55%, Super Micro Computer (NASDAQ: SMCI) surged 72%, Arm Holdings (NASDAQ: ARM) soared 90%, and SoundHound AI (NASDAQ: SOUN) skyrocketed 121% as of the market close on Thursday.
The common thread that runs through these companies is the accelerating adoption of AI. There wasn't a single development that drove these stocks higher, but rather the growing tidal wave of AI that's beginning to overtake the tech industry.
Let's look at what drove each of these stocks higher and what it all means for the future.
Show me the money
It wasn't just the growing secular tailwinds of generative AI that drove these stocks higher. Three of the four recently reported quarterly financial results that easily surpassed investor expectations.
Supermicro was first out of the gate, reporting the results of its fiscal 2024 second quarter (ended Dec. 31, 2023). The company generated revenue of $3.7 billion, up 103% year over year and 73% sequentially. Management cited record and accelerating demand for AI servers. Profit was equally spectacular, with adjusted earnings per share (EPS) of $5.59 rising 62%. If that weren't enough, the company is forecasting full-year revenue of $14.5 billion at the midpoint of its guidance, which would represent 100% growth.
Next up was Palantir Technologies. For the fourth quarter, revenue of $608 million marked a 20% jump year over year and 9% sequentially, fueled by a 70% jump in U.S. commercial revenue. This performance helped the company generate its fifth consecutive quarter of profit according to generally accepted accounting principles (GAAP), with adjusted EPS of $0.08. The headline was the forecast for at least 40% growth from its U.S. commercial business over the coming year, thanks to robust demand for its Artificial Intelligence Platform, Palantir's generative AI solution.
Most recently, Arm Holdings delivered eye-opening results. For its fiscal 2024 third quarter, Arm generated record revenue of $824 million, up 14% year over year, driven by license revenue that grew 18% and record royalty revenue that climbed 11%. This performance resulted in adjusted EPS of $0.29, rising 32%. It was the company's forecast that really caught Wall Street off guard. Management is guiding for fourth-quarter revenue in a range of $850 million to $900 million, or growth of between 34% and 42%, lunging past the third quarter's 14% growth.
What these companies have in common, aside from the obvious ties to AI, is that each company delivered a "beat and raise" quarter, defying expectations and providing guidance that outpaced Wall Street's already bullish expectations.
The godfather of AI takes stock
There's a strong argument to be made that Nvidia saw the writing on the wall and positioned itself for the AI boom to come. Investors need only review the company's recent results to understand the magnitude of the secular tailwind involved.
For Nvidia's fiscal 2024 third quarter (ended Oct. 29, 2023), the company delivered record revenue that jumped 206% to $18.1 billion, resulting in diluted EPS that surged 1,274% to $3.71.
So when Nvidia makes a notable move in the field of AI, investors take notice.
In a regulatory filing with the Securities and Exchange Commission on Wednesday, Nvidia revealed that it had taken stakes in several AI-related companies, causing a spike in their respective shares.
Nvidia purchased 1.73 million shares of SoundHound AI, which provides voice-controlled AI solutions for businesses, in a stake valued at $6.5 million as of Thursday's market close. The company's technology has been deployed by a number of high-profile restaurants, including White Castle and Jersey Mike's, to power voice-enabled phone and drive-through ordering. It's also one of the leading providers of voice-AI solutions to carmakers, counting more than 20 automotive brands on its customer list.
SoundHound wasn't the only one. Nvidia finally confirmed the size of the stake it took in Arm Holdings: It owns 1.96 million shares worth roughly $262 million. Arm provides the designs behind some of the world's most widely used central processing units. After two years in the making, regulators quashed an attempted merger between Nvidia and Arm in early 2022.
Some viewed these purchases as a significant vote of confidence from Nvidia. As a result, many investors followed suit, piling into the stocks.
The cost isn't as high as you might think
The most common bear argument for investing in these and many AI stocks is the valuation. That view is understandable but tends to ignore the stunning growth rates of the companies in question. It reveals the limitations involved in using the price-to-earnings ratio or the price-to-sales ratio, especially when using them in a vacuum.
When dealing with high-growth stocks, the more appropriate measure is the price/earnings-to-growth (PEG) ratio, as it takes the growth rate of the company's profit into account. Since SoundHound AI isn't yet profitable, the point is moot. However, for Arm Holdings, Super Micro Computer, and Palantir Technologies, they clock in with forward PEG ratios of 0.8, 0.5, and 0.3, all well below the level of 1, which is the standard for an undervalued stock.
From that perspective, Arm Holdings, Super Micro Computer, and Palantir Technologies are not only growing quickly but are also cheaper than you might think.
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>>> Microsoft investing billions in Spain for AI, cloud in latest EU spending spree
TechRadar
by Craig Hale
https://www.msn.com/en-us/money/companies/microsoft-investing-billions-in-spain-for-ai-cloud-in-latest-eu-spending-spree/ar-BB1izmG6?OCID=ansmsnnews11
Microsoft has confirmed plans to bolster its artificial intelligence and cloud infrastructure in Spain with a substantial $2.1 billion investment over the next two years.
The news came as Spanish Prime Minister Pedro Sánchez took to X to announce Microsoft’s decision to quadruple its investment in the country.
The investment follows closely on the heels of other commitments by the company, such as its $3.45 billion investment in Germany, emphasizing Redmond’s plans to expand AI and cloud services across Europe.
Microsoft continues to invest in European AI
In December, Microsoft revealed a similar $3.2 billion spend in the UK, aimed at expanding its AI datacenter infrastructure, increasing skills, and improving security.
Spain’s Sánchez commented on X: “I want to thank [Microsoft’s] president, Brad Smith, for his trust in the Spanish economy and in our roadmap for an inclusive and secure digital transformation.”
He added that the investment would help the country strengthen cybersecurity and promote artificial intelligence in public administration.
Microsoft Vice Chair and President Braad Smith commented: “Our investment is beyond just building data centers, it’s a testament to our 37-year commitment to Spain, its security, and development and digital transformation of its government, businesses, and people.”
Specific details about the company’s investment in Spain are yet to be confirmed, but it’s reasonable to suspect it will be on similar grounds to other cash injections announced by Microsoft in recent months.
Besides giving the country’s business sector access to better technologies, with the hope of boosting its economy, Microsoft also looks to be increasing its presence across Europe, an area that it’s previously had plenty of trouble with in relation to antitrust allegations, including its own cloud platform.
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SMCI - >>> 1 Wall Street Analyst Thinks Super Micro Computer Stock Is Going to $1,040. Is It a Buy?
by Howard Smith
Motley Fool
February 18, 2024
https://finance.yahoo.com/news/1-wall-street-analyst-thinks-173000319.html
Data center systems provider Super Micro Computer (NASDAQ: SMCI) has been a darling of Wall Street lately. Its shares have soared 950% over the past year and have been on a parabolic move recently.
The stock has tripled in just the last month, but one Wall Street analyst thinks Supermicro, as it is known, still has more room to run. Bank of America Securities analyst Ruplu Bhattacharya began coverage on the supplier of accelerated computing server systems with a buy rating and a $1,040 price target. That would represent a jump of 18% over Wednesday's closing price, even after Supermicro's torrid run.
AI has legs
Companies in virtually every sector are leveraging the power of artificial intelligence (AI). The biggest beneficiary in the stock market thus far has been semiconductor chipmaker Nvidia. In that company's third quarter, overall revenue more than tripled from a year ago and soared 34% sequentially from the prior quarter. That jump came mainly from growth in Nvidia's data center business thanks to customers craving its chips that power AI applications.
But businesses don't just need the chips, they need the server infrastructure that keeps the full AI machine running. And while Nvidia's revenue tripled year over year, its earnings per share rocketed by more than 12-fold. That's the earnings power that Bhattacharya sees helping boost Supermicro too.
In a client note, he wrote: "We think this provider of server and storage solutions will be a beneficiary of AI-driven demand growth ... We believe the market for AI servers is much larger than is factored in [Wall] Street models."
Is it too late to buy Supermicro?
Bhattacharya's price target could even be conservative. If the market for AI servers grows at a 50% annual rate over the next several years as Bhattacharya thinks, Supermicro has plenty more sales and earnings growth ahead.
Yet the stock is still not overly expensive. It has a price-to-sales ratio of about 6 compared to 40 for Nvidia. And earnings could soar as they have for Nvidia. The analyst's call looks very achievable.
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>>> Palantir Stock Is Going to the Moon Following Its Jaw-Dropping Earnings Report
by Adam Spatacco
Motley Fool
February 13, 2024
https://finance.yahoo.com/news/palantir-stock-going-moon-following-095400737.html
Earnings season is in full swing, and investors still have their eyes on one big item: artificial intelligence (AI). Much of the buzz surrounding AI is saved for the "Magnificent Seven" -- a catchy moniker that includes megacap tech behemoths Microsoft, Apple, Alphabet, Amazon, Nvidia, Meta, and Tesla. But that doesn't mean no other companies are riding the wave.
With a market cap of just $51 billion, Palantir Technologies (NYSE: PLTR) may not be seen in the same light as big tech, but Palantir is making inroads in the space as well, and investors realized it last week.
Following the release of a jaw-dropping fourth-quarter earnings report on Feb. 5 after the market closed, Palantir stock rocketed by roughly 50% over the next five trading days.
From revenue to operating margins to cash flow to customer acquisition strategies, Palantir is giving investors no shortage of key performance indicators to drool over. Let's analyze the report, and what the company's current performance could spell for its future. Despite operating in the shadows of megacap tech, now could be a lucrative time to invest in Palantir as it pushes forward in the AI arms race.
Customer acquisition at its finest
2023 was full of exciting developments in the world of artificial intelligence. Microsoft invested billions into OpenAI, the start-up behind ChatGPT. Alphabet and Amazon swiftly followed, with each investing in a competing platform called Anthropic.
In an effort to stand out, Palantir created a unique lead generation strategy to help fuel interest in its newest product, its Artificial Intelligence Platform (AIP). Specifically, the company began hosting immersive seminars that it calls "boot camps." During these sessions, attendees can try out Palantir's software and get a better understanding of how the company can play a critical role in generative AI-driven use cases.
During Palantir's fourth-quarter earnings call with analysts, investors learned that the company completed over 500 boot camps last year. It conducted only 92 during 2022. While it's clear that the boot camps are in high demand, a thorough analysis of the company's customer growth is worth a look.
Palantir had 497 customers in the fourth quarter, a 35% increase over the year-ago period. Palantir is witnessing surging demand in the private sector in particular, with customer count increasing 44% annually.
This is important, because for many years Palantir was knocked by Wall Street bears over the company's heavy reliance on government deals. It's clear that the advent of AIP is building demand and business outside of its legacy public sector operation is thriving.
Margins are expanding, and cash flow is compounding
The chart below illustrates Palantir's annual revenue for the last five years.
https://media.zenfs.com/en/motleyfool.com/f14da0e2f277f368492b7e658c255d8d">https://media.zenfs.com/en/motleyfool.com/f14da0e2f277f368492b7e658c255d8d" />
Palantir was founded in 2003 and the chart shows that it took almost two decades for the company to reach the milestone of $1 billion in annual revenue. And yet in just three short years, the company has doubled its revenue. This growth is astounding considering how tough the macroeconomic outlook has been in recent years, coupled with the a fierce competitive landscape.
Perhaps more importantly, Palantir is also generating healthy margin expansion, which is flowing right to the bottom line. After adjusting for non-cash expenses like stock-based compensation, Palantir's operating margin expanded from 22% in 2022 to 28% in 2023. Furthermore, free cash flow grew 260% year over year to $730 million.
Some things to consider
The combination of top-line growth and margin expansion has helped bolster Palantir's liquidity. As of Dec. 31, the company had $3.7 billion of cash and marketable securities, and no debt on its balance sheet.
While this is encouraging to see, investors should take note of the disparity between the company's customer growth and its revenue acceleration. Even though customer count increased by 35% last year, Palantir's total revenue only grew by about 17%.
To me, this signals that Palantir is playing the long game when it comes to AI. In other words, the boot camps are merely a low-cost mechanism to get customers into the pipeline and convert them into paying users of the company's software. However, through a combination of use-case discovery rooted in AI along with enhanced customer-nurturing efforts, Palantir has the ability to upsell and cross-sell customers over time. As such, the company should enjoy significant revenue acceleration as time goes on.
I'd caution investors from buying into any hype narratives surrounding Palantir. Focusing on the long-term picture and assessing the company's position among enterprise software providers specializing in AI will be important.
For me, the fourth-quarter report was a preview of what investors could expect on an ongoing basis. As artificial intelligence software becomes more prominent in IT budgets, Palantir should be well positioned to benefit from secular tailwinds. Now looks like a great opportunity to scoop up shares for both new and existing investors, and prepare to hold on for the long term. The ride appears to just be getting started.
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>>> 4 Phenomenal Companies That Will Be Massive Winners, Regardless of Who Wins the Artificial Intelligence (AI) Arms Race
by Keithen Drury
Motley Fool
Feb 10, 2024
https://finance.yahoo.com/news/4-phenomenal-companies-massive-winners-121500269.html
Investing in artificial intelligence (AI) can be overwhelming, as many companies benefit from this trend. Whether it's a company deploying AI to improve its business or one that makes AI software, there are a lot of opportunities.
However, there are also hardware components of AI, and many of these companies will be winners regardless of what happens to individual companies. I've pinpointed four that will be massive winners over the coming years.
1. ASML
A microchip is at the core of every computer used to create an AI model. These components require highly specialized machinery to make them, and one of the key suppliers in this realm is ASML (NASDAQ: ASML). The company makes lithography machines, which make the conductive traces on chips.
Semiconductors have reached the point where the distance between these traces is as small as 3 nanometers (nm). For reference, the human hair is about 80,000 to 100,000 nanometers wide. With smaller distances between traces, these chips become more powerful and efficient -- a key need for any device.
ASML currently holds a technological monopoly in this space, as no other companies make EUV (extreme ultraviolet) lithography machines. If you're making cutting-edge chips, you must work with ASML. As a result, ASML will be a huge winner in this space.
2. Taiwan Semiconductor
Taiwan Semiconductor (NYSE: TSM) is a huge user of these machines. The company is the world's largest contract chip manufacturer, which means it makes chips for other clients.
TSMC is a leader in this field, as it has 3-nm chips but is also developing 2-nm chips slated to launch in 2025. Taiwan Semiconductor's innovative culture is always working on the next thing, which will provide continual revenue boosts as these new products launch.
Among Taiwan Semiconductor's customers are Nvidia (NASDAQ: NVDA) and AMD, which provide another critical component in the AI value chain.
3. Nvidia
Nvidia has probably received the most attention in this group, as its best-in-class GPUs (graphics processing units) are crucial in AI. GPUs are used to process vast amounts of data and train AI models, making them must-have hardware.
When a business outfits a computer to train these models, they don't just buy one or two GPUs; they buy thousands. This caused Nvidia's revenue to explode higher in 2023, as the demand for its GPUs was unprecedented.
Nvidia's strength will continue as long as AI is a massive trend, as it requires a significant computing infrastructure buildout.
4. Super Micro Computer
You can't just go out and buy a few thousand Nvidia GPUs filled with Taiwan Semiconductor chips made with ASML's lithography machines, hook them up, and expect a positive result. Instead, a specialized server is needed to maximize efficiency so a business can get the most performance out of its supercomputer.
That's where Super Micro Computer (NASDAQ: SMCI) comes in. Supermicro specializes in server design, whether it's being used for engineering simulations, drug discovery, or AI model training. Its products are highly configurable, whether a company wants a couple of hundred GPUs or a couple of thousand.
As the demand for AI computers reaches the general market, Supermicro will continue to excel, which is part of the reason the stock is up around 140% to start in 2024.
A basket of AI winners
You don't have to pick a single winner to be a successful AI investor. Instead, you could select a variety of stocks that are critical suppliers in the AI field and likely do quite well.
This group will be successful regardless of which company produces the best AI product, as they provide the building blocks necessary for all AI models.
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>>> Biden administration announces $5 billion commitment for research and development of computer chips
The Washington Post
By Josh Boak?|?AP
February 9, 2024
https://www.washingtonpost.com/business/2024/02/09/computer-chips-research-development-biden/c704b56c-c73c-11ee-bbc9-9b5ca9b20779_story.html
WASHINGTON — The Biden administration on Friday announced the investment of $5 billion in a newly established public-private consortium aimed at supporting research and development in advanced computer chips.
The National Semiconductor Technology Center is being funded through the CHIPS and Science Act. That 2022 law aims to reinvigorate the computer chip sector within the United States through tens of billions of dollars in targeted government support.
Stakeholders in the chips industry gathered on the White House campus to discuss how the center should prioritize research and worker training for an industry poised to expand because of government backing. The coronavirus pandemic exposed the risk to the economy and national security of an overdependence on Taiwan for advanced chips, while the emergence of artificial intelligence is likely to push demand for newer and more innovative chips upward.
“This is an inflection point in the industry,” Commerce Secretary Gina Raimondo told the group. “Not just because we’re dangerously dependent on one country for so many of our chips, but because AI is going to lead to an explosion of demand for chips, for sophisticated chips, more energy-efficient chips, cost-effective chips.”
The center would help to fund the design and prototyping of new chips, in addition to training workers for the sector.
Companies say they need a skilled workforce in order to capitalize on the separate $39 billion being provided by the government to fund new and expanded computer chip plants. Raimondo said there will be “a drumbeat” of funding announcements for companies in the next six to 12 weeks.
The sector would likely increase rapidly in terms of its need for highly specialized workers. Labor Department data say that about 375,000 people are employed in the production of computer chips with an average income of $82,830.
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>>> 20 Best-Performing AI ETFs for February 2024
Exchange-traded funds are one way to invest in artificial intelligence. THNQ and SPRX are some of the best-performing AI ETFs.
Nerd Wallet
By Sam Taube
Feb 2, 2024
https://www.nerdwallet.com/article/investing/best-performing-ai-etfs
Spear Alpha ETF (SPRX)
59.11%
iShares U.S. Technology ETF (IYW)
51.09%
iShares Expanded Tech Sector ETF (IGM)
47.88%
iShares U.S. Tech Independence Focused ETF (IETC)
47.57%
Clockwise Core Equity & Innovation ETF (TIME)
45.68%
Fidelity MSCI Information Technology Index ETF (FTEC)
41.06%
iShares Global Tech ETF (IXN)
40.36%
Franklin Exponential Data ETF (XDAT)
37.19%
Invesco NASDAQ Internet ETF (PNQI)
36.08%
Global X Artificial Intelligence & Technology ETF (AIQ)
34.33%
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>>> Iron Mountain Inc President and CEO William Meaney Sells 31,750 Shares
GuruFocus Research
Feb 8, 2024
https://finance.yahoo.com/news/iron-mountain-inc-president-ceo-080613866.html
William Meaney, President and CEO of Iron Mountain Inc (NYSE:IRM), executed a sale of 31,750 shares in the company on February 6, 2024, according to a recent SEC Filing. Iron Mountain Inc is a global provider of storage and information management services, offering solutions such as records storage, information destruction, and data backup and recovery.
Over the past year, the insider has sold a total of 429,179 shares and has not made any purchases of the company's stock.
The insider transaction history for Iron Mountain Inc indicates a pattern of sales by insiders, with 38 insider sells and no insider buys over the past year.
On the date of the insider's recent transaction, shares of Iron Mountain Inc were trading at $68.33, resulting in a market capitalization of $19.802 billion.
The stock's price-earnings ratio stands at 72.15, surpassing both the industry median of 18.31 and the company's historical median price-earnings ratio.
With the current share price of $68.33 and a GuruFocus Value of $58.58, Iron Mountain Inc's price-to-GF-Value ratio is 1.17, indicating that the stock is considered Modestly Overvalued according to the GF Value metric.
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Iron Mountain - >>> AI Revolution's Hidden Gem: This REIT Hack Profits from SMCI, AMD, and NVDA
Benzinga
by Shay Boloor
Feb 8, 2024
https://finance.yahoo.com/news/ai-revolutions-hidden-gem-reit-164844302.html
Iron Mountain Incorporated (NYSE:IRM), boasting a dividend yield of 3.8%, emerges as a pivotal investment opportunity within the real estate sector, uniquely positioned to capitalize on the exponential growth of data driven by advancements in artificial intelligence (AI). The company’s role in supporting the tech industry’s infrastructure needs, amid the rapid advancements by companies like Super Micro Computer (NASDAQ:SMCI), Advanced Micro Devices (NASDAQ:AMD), and NVIDIA (NASDAQ:NVDA), underscores its potential for growth and dividend sustainability. As AI technologies evolve and become more integrated into business operations, the demand for data storage, security, and management escalates, placing Iron Mountain at the forefront of this growing market.
The explosion of data generated by AI applications, from machine learning datasets to complex algorithms, necessitates robust data management and storage solutions. Iron Mountain, which specializes in information storage and management services, is strategically aligned with this demand. The company’s extensive portfolio of data centers and secure storage facilities is essential for businesses navigating the data-intensive landscape of AI, making Iron Mountain an integral player in the digital transformation era.
Investing in Iron Mountain offers investors a direct conduit to benefit from the AI-driven data boom. The company’s services are crucial for a wide array of industries leveraging AI, from tech giants to healthcare and financial services, all of which require secure and efficient data management solutions to harness the full potential of AI technologies. This widespread need for Iron Mountain’s services underscores its growth potential and investment appeal in an AI-driven future. Reflecting its strategic market position and confidence in its operational strategy, Iron Mountain announced a quarterly dividend of $0.65 per share in the fourth quarter of 2023, leading to an annual payout rate of $1.89.
The trade-off between growth and income that investors often face is elegantly balanced by Iron Mountain. As a REIT, it provides a steady income through dividends, fulfilling the income aspect. Simultaneously, its pivotal role in the data management sector, fueled by the AI revolution, positions Iron Mountain for significant growth, addressing the growth component investors seek.
Investing in Iron Mountain transcends traditional real estate investment, offering a strategic stake in the infrastructure underpinning the AI revolution. As the reliance on AI continues to escalate, driving unprecedented data growth, Iron Mountain’s services become increasingly indispensable, potentially enhancing its dividend prospects and solidifying its position as a compelling investment choice for those looking to capitalize on the digital and AI-driven future.
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>>> Is It Too Late to Buy Palantir Stock?
by Will Healy
Motley Fool
Feb 7, 2024
https://finance.yahoo.com/news/too-buy-palantir-stock-143129749.html
Palantir Technologies' (NYSE: PLTR) stock price has jumped nearly 31% since Monday afternoon right after the release of its earnings report for the fourth quarter of 2023. With its artificial intelligence platform (AIP) and U.S. commercial segment showing massive growth, investor interest in the software stock has surged.
With the stock already up approximately 163% over the last year and its valuation rising, have investors missed their opportunity to buy?
Palantir and AIP
Admittedly, the potential of the company could motivate some investors to ignore its current elevated valuation. Palantir has stood out above other SaaS stocks by analyzing data and delivering insights. It has long relied on artificial intelligence (AI) and machine learning (ML) to make its determinations. After first focusing on national defense applications, it turned to the commercial sector to apply its knowledge to the business world.
With Palantir releasing AIP last year, more commercial customers have become interested in the software after attending Palantir boot camps. On the Q4 2023 earnings call, Chief Revenue Officer and Chief Legal Officer Ryan Taylor spoke of one attendee who said they could find at least "100 use cases" for AIP. Another attendee remarked about finding "endless solutions" through the product.
Such successes were likely the biggest reason Palantir's revenue in the U.S. commercial sector rose by 70% in Q4. U.S. commercial customer counts also moved higher by 55% over the same period.
Palantir's financials and valuation
Those aforementioned successes appeared to move the stock higher despite more muted financial results. The $2.2 billion in revenue reported for 2023 increased by 17% yearly, with Q4 revenue climbing by 20%.
Also, since operating expenses rose modestly, Palantir earned considerably higher profits. Its net income of $217 million in 2023 increased from a $371 million loss in 2022. The company also earned $97 million of that profit in Q4 alone, having increased quarterly net income by 152% compared with year-ago levels.
Nonetheless, considering that Q4 2022 was its first quarterly profit, investors should remember that profits usually rise by a considerable amount when a company first reaches profitability, rendering its P/E ratio of just above 360 meaningless. Looking to the future, a forward P/E of 73 is high but not unprecedented for an AI company in today's environment.
Also, its price-to-sales (P/S) ratio of 23 is up from single digits one year ago, and investors could turn on the stock should sentiment turn negative. Still, the P/S ratio is down from the 2021 bull market when it was routinely above 25 despite Palantir not being profitable at the time. That could indicate that investors are willing to tolerate a higher sales valuation for this company.
Moreover, AIP's success could help to increase revenue and earnings growth in future quarters. That, in turn, could help the P/S and P/E ratios fall quickly, which could propel the stock higher at a faster pace.
Is it too late to buy Palantir?
Given Palantir's current state, investors should feel safe adding shares at current levels. Indeed, valuations are high, which could give pause to some prospective buyers.
However, Palantir's customers appear to see game-changing potential in its software, which gives the company tremendous pricing power. Also, the rapid increase in customer counts and U.S. commercial revenue confirms the high demand for this software, and sales and earnings multiples will likely fall as customer counts increase.
Thus, it is likely not the end of the bull run for Palantir, and customers who buy the stock now can still earn considerable returns over the long term.
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Super-micro, Palantir, Upstart - >>> 3 Artificial Intelligence (AI) Stocks That Could Help Make You a Millionaire
by Will Healy
Motley Fool
Feb 7, 2024
https://finance.yahoo.com/news/3-artificial-intelligence-ai-stocks-114500306.html
Much like the technology trends of the past, artificial intelligence (AI) could potentially help turn investors into millionaires. The performance of stocks like Nvidia and the recoveries of numerous other stocks from their 2022 bear market lows reflects the tremendous growth that these new technologies are driving for the companies involved, and the willingness of investors to pay for it.
Recently, investors have begun to gravitate toward smaller companies with the potential for massive growth. As AI makes more headway among investors, businesses, and consumers, these AI stocks could deliver outsized gains to investors.
Palantir
Investors should not ignore the AI-driven opportunity in Palantir (NYSE: PLTR). The company has long used machine learning and other AI tools to deliver analytical insights to clients in the national defense and commercial realms. The success of its platforms has helped it grow its revenue and profits.
However, the Palantir Artificial Intelligence Platform (AIP) may take its AI prowess to a much higher level. AIP employs generative AI technology, and the company has heavily promoted the product recently through what it calls "boot camps," where it helps prospective customers find real-world ways to use the technology to their benefit. Clients that attend these boot camps have reported eye-popping productivity gains from them, such as producing outputs 10 times faster with one-third of the resources.
Admittedly, the impacts of AIP have not yet shown up in the company's headline numbers. In the first three quarters of 2023, its revenue rose 16% to $1.6 billion. Also, Palantir limited operating expense growth, resulting in a net income of $120 million during that timeframe. Due to investors' optimism about the company's future, its stock has risen by about 110% over the last year.
With that gain behind it, the stock now trades at a price-to-sales ratio of 17, a valuation that may give some investors pause. Still, when factoring in the growth potential, others might see it as a relative bargain based on its forward P/E ratio of 55. If AIP's successes start translating into revenue gains, a surge in the stock could bring investors closer to millionaire status.
Supermicro
Super Micro Computer (NASDAQ: SMCI) -- better known simply as Supermicro -- has existed for over 30 years, but it may finally be getting its moment in the sunshine amid the AI revolution. It describes itself as a "rack-scale total IT solutions provider," building servers for big data, cloud computing, enterprise, 5G, and other applications.
However, it has drawn particular attention with its servers for data centers powered by Nvidia's AI chips. With more than 6 million square feet of manufacturing space and operations in over 100 countries, it has positioned itself to take this technology wherever customers demand it.
Indeed, interest in its products has begun to skyrocket. In the first six months of its fiscal 2024 (a period that ended Dec. 31), its revenue rose 58% year over year to $5.8 billion. But because operating expenses also rose rapidly, its net income increased by just 25% to $453 million.
Since those higher operating expenses appear to have been primarily related to improvements, investors seem to be less concerned about them, and more focused on the company's burgeoning AI opportunity. The stock has risen by an eye-popping 695% over the past year, and doubled since the beginning of 2024.
Despite that gain, its price-to-earnings ratio is around 43, a relatively moderate level considering its revenue growth. Considering that the stock trades at just 26 times forward earnings, it is probably not too late for investors to see further substantial gains in Supermicro.
Upstart
Upstart Holdings (NASDAQ: UPST) seeks to upend the loan evaluation business using AI. According to internal studies, it has found loan opportunities overlooked by Fair Isaac's FICO scoring tool, allowing Upstart's lending clients to approve more loans without increasing their risks.
The FICO score is particularly vulnerable to disruption since its processes have changed little since Fair Isaac launched the scoring tool in 1989. Also, because Upstart seeks to earn revenue on evaluations only, it should carry little credit risk, in theory.
Unfortunately for the company, its period of fast growth and profitability ended abruptly as interest rates rose. Its fairly small client base and high dependence on two large clients have also hampered Upstart, as did its decision to widen its business model and become the lender on some of the loans its platform approved.
Consequently, its revenue in the first nine months of 2023 fell 46% year over year to $408 million. Nonetheless, in Q3, its revenue rose 3% from the previous quarter to $147 million, suggesting that the worst may be over. Also, the stock's price-to-sales ratio stands at just 5, a small fraction of where it stood in the previous bull market.
Upstart carries significant risk, but its platform's ability to approve more loans without increasing lenders' credit risk could offer tremendous value, especially if more banks use it to replace the FICO score model. If more banks adopt its tool and interest rates head lower, Upstart could deliver massive shareholder returns.
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>>> Palantir stock surge shows investors haven’t had enough of AI — yet
Yahoo Finance
by Josh Schafer
February 6, 2024
https://finance.yahoo.com/news/palantir-stock-surge-shows-investors-havent-had-enough-of-ai--yet-150712969.html
Palantir (PLTR) stock soared more than 30% Tuesday as investors cheered the defense software maker's latest artificial intelligence advancements.
"I've never before seen the level of customer enthusiasm and demand that we are currently seeing from [artificial intelligence platforms] in US commercial," Palantir chief revenue officer Ryan Taylor told investors during the company's earnings call on Monday night.
The software company's Artificial Intelligence Platform, or AIP, was mentioned nearly 50 times throughout the call. And, according to Palantir, it's a key reason it expects US commercial revenue to grow nearly 40% in 2024.
It's also the reason the stock surged more than 100% over the past year, as AI euphoria sent many tech stocks roaring. Amid calls that Denver-based Palantir's stock was already overvalued, Tuesday's market action is the latest sign that investors haven't had enough of the AI trade — even if Wall Street believes parts of the trade have extended beyond any fundamental backing.
"We are incredibly bullish on Palantir," Morningstar equity analyst Malik Ahmed Khan told Yahoo Finance Live. "If you look at our forecasts you would see us being above consensus on profitability, on revenue, etc."
"At the same time," he added, "we cannot rationalize Palantir's current valuation in the base case."
Jefferies equity analyst Brent Thill, who entered the earnings report with a Sell rating on Palantir, conceded in a research note after the release that the AIP growth is exceeding expectations. But even after upgrading the stock to a Hold rating, Thill still warned about the cost of the stock.
"The biggest concern is valuation with [the] stock trading at a 23% premium to the large cap average," Thill wrote.
It's not just Palantir that's been catching a fresh bid on AI hopes to start 2024. On Monday, Goldman Sachs boosted its price target on Nvidia stock (NVDA) to $800 from $625, citing "robust AI demand" among other things. The stock jumped almost 5% to a fresh all-time high.
Also, IBM (IBM) stock is up about 15% over the past month after AI demand fueled a revenue beat. AI leader Microsoft (MSFT) saw a muted reaction to earnings, even as the company credited AI services with 6 percentage points of growth to Azure revenue. But in fairness, the stock is also trading just short of an all-time high and is up more than 10% in the last month. The same could be said for AMD (AMD), which didn't soar on its AI-driven earnings beat but is up over 25% in the last month and hovering near an all-time high.
The moves raise the question for investors: When will AI euphoria reach a price that they are no longer willing to pay? To Khan at Morningstar, that could rely on how the US economy performs for the rest of the year.
"There is a chance that if the economy remains strong, customers will continue to invest in some of those newer growth areas," Khan said. "At the same time, if we're looking at a recession or we're looking at something else going on in the wider economy and the economy is not as strong at that point, you will probably have investors sort of dial back some of their investments."
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>>> Why Super Micro Computer Stock Rocketed to New Highs This Week
by John Ballard
The Motley Fool
Feb 1, 2023
https://finance.yahoo.com/news/why-super-micro-computer-stock-000323378.html
Week to date, shares of Super Micro Computer (NASDAQ: SMCI) were up 23% through Thursday's market close, according to data provided by S&P Global Market Intelligence. The demand for artificial intelligence (AI)-driven computing is driving accelerating revenue growth and profits for this leading supplier of rack-scale solutions for data centers.
Despite the stock's massive run over the last year, the company is seeing market share gains for its products and raised full-year revenue guidance.
Why Super Micro Computer revenue was up more than 100% in the fiscal second quarter
In the company's fiscal 2023 annual report, CEO Charles Liang said the ongoing growth in AI computing could be potentially more impactful to the world than the industrial revolution over 200 years ago. His company is certainly growing like it. Earlier this week, Super Micro reported a record $3.66 billion in revenue for the fiscal second quarter ending Dec. 31, a year-over-year increase of 103%.
The company continues to benefit from the demand for Nvidia's graphics processing units (GPUs), so as those chips are coming into better supply, it is driving more sales of Super Micro's rack systems for AI.
Management expects fiscal 2024 revenue to double to between $14.3 billion to $14.7 billion "With AI applications booming, I expect the $20 billion annual revenue target to be just a few years away," Liang said in his annual letter to shareholders last year.
Why the stock has room to run
Despite rocketing 700% over the last 12 months, the stock is still reasonably priced. It reported adjusted earnings per share of $5.59, up from $3.26 in the same quarter last year. That's an annual run rate of $22.36, which gives a forward price-to-earnings ratio of 25.9.
Given that fair valuation, Super Micro's run is likely not over.
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>>> Super Micro Computer (SMCI) - >>> This Incredibly Cheap Artificial Intelligence (AI) Stock Is Crushing Nvidia in 2024 With 50% Gains. It Could Soar Another 85%.
by Harsh Chauhan
The Motley Fool
January 25, 2024
https://finance.yahoo.com/news/incredibly-cheap-artificial-intelligence-ai-131500553.html
If you're looking to buy a top artificial intelligence (AI) stock right now, Nvidia is likely to be one of the first names that comes to mind. That's not surprising. Its dominance in the AI chip market has been driving outstanding top- and bottom-line growth for the company.
The good part is that Wall Street and investors are positive about Nvidia's prospects in 2024 and beyond as the AI chip market gains steam. This explains why Nvidia stock has already risen 20% in 2024. However, Nvidia's solid start to the year on the stock market has been eclipsed by Super Micro Computer (NASDAQ: SMCI), which has already clocked eye-popping gains of nearly 50% this month.
Let's look at the reasons why shares of Supermicro -- as it's more commonly known -- have been soaring and why investors should consider buying it hand over fist straight away.
Supermicro's updated guidance is stellar
In a business update provided by Supermicro on Jan. 18, the company announced significantly upgraded guidance for the second quarter of its fiscal 2024 (which ended on Dec. 31, 2023). The company -- known for providing modular server solutions, which are in solid demand as they are used for deploying AI chips -- is now anticipating fiscal Q2 revenue to land at $3.62 billion at the midpoint of its guidance range.
It was earlier forecasting $2.8 billion for the previous quarter, which means that it has increased its revenue estimate by almost 30%. Additionally, Supermicro is expecting its adjusted earnings to land between $5.40 and $5.55 per share, up significantly from the earlier range of $4.40 to $4.88 per share. The updated guidance suggests that Supermicro's revenue is set to double on a year-over-year basis, while its non-GAAP (adjusted) earnings would increase 68% from the same period last year.
The big increase in Supermicro's guidance and the impressive year-over-year growth that it is set to deliver was rewarded with a sharp jump in the company's stock price. But it is worth noting that Supermicro stock continues to trade at an attractive valuation despite its latest surge.
The company sports a price-to-sales ratio of just over 3. That's incredibly cheap when compared to Nvidia's sales multiple of 33. What's more, Supermicro's trailing earnings multiple of 39 is also much lower than Nvidia's multiple of 65. Additionally, Supermicro is trading at just 7 times forward earnings, which points toward the impressive bottom-line growth that the company is expected to deliver.
According to consensus estimates, Supermicro's earnings could increase 51% in fiscal 2024 to $17.88 per share, compared to $11.81 per share in fiscal 2023. Even better, the company is forecast to deliver impressive growth over the next couple of years as well.
Assuming Supermicro does hit $27.50 per share in earnings in fiscal 2026 and trades at the Nasdaq-100 index's forward earnings multiple of 29 then (using the index as a proxy for tech stocks), its stock price could jump to $800 in just over a couple of years. That points toward 85% gains from current levels.
A closer look at the market Supermicro serves will show you just why it could indeed deliver such outstanding growth, and why investors would do well to buy this AI stock while it is still trading at attractive levels.
AI is going to be a long-term growth driver
Supermicro's server solutions have been in terrific demand thanks to the growing adoption of AI. That's not surprising as the company claims that its server solutions "maximize [the] parallel computing power of GPUs to handle billions if not trillions of AI model parameters to be trained with massive datasets that are exponentially growing."
Supermicro offers server solutions that can be used to deploy multiple types of AI accelerators, ranging from Nvidia's popular H100 chip to Intel and Advanced Micro Devices' offerings as well. As a result, data center operators have been lining up to buy its server solutions, which can reportedly help them reduce cooling and electricity costs.
The demand for Supermicro's server racks is so strong that the company recently upgraded its manufacturing capacity to 5,000 racks a month from the earlier capacity of 4,000. So, the company's updated guidance doesn't seem surprising considering the 25% jump in its manufacturing capacity, which will help it serve a "strong market and end customer demand for our rack-scale, AI and Total IT Solutions."
With the AI server market expected to grow fivefold between 2023 and 2027, generating an annual revenue of $150 billion at the end of the forecast period, Supermicro is at the beginning of a lucrative growth opportunity. The good part is that Supermicro is setting itself up to capitalize on this massive market by investing in more capacity. According to George Wang of Barclays, the company's new facility in Malaysia, which is expected to go online in the second half of fiscal 2024, could help it generate $30 billion in revenue.
Given the solid demand for AI servers, Supermicro should ideally be able to sell almost all the capacity that it brings online. That could lead to a massive jump in the company's revenue considering that it reported a top line of $7.1 billion in fiscal 2023. As a result, investors would do well to buy this growth stock hand over fist since it could sustain its red-hot rally and soar impressively in the long run.
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>>> Anthropic is an AI-driven research company that focuses on increasing the safety of AI systems. Its research interests span multiple areas including natural language, human feedback, scaling laws, reinforcement learning, code generation, and interpretability. The initial product from the company is Claude, an AI helper for tasks of any size.
https://www.crunchbase.com/organization/anthropic?utm_source=yahoo&utm_medium=referral&utm_content=profile_cta&utm_campaign=yahoo_finance
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>>> OpenAI investors are pushing for Sam Altman’s return, and it could mean changes to the board that fired him
Fortune
by Steve Mollman
Nov 19, 2023
https://finance.yahoo.com/news/openai-investors-pushing-sam-altman-165649766.html
OpenAI investors want Sam Altman back. Like many, they were shocked when the company’s board abruptly fired the high-profile CEO on Friday.
Now, Microsoft, Thrive Capital, Tiger Global Management, and other investors in the ChatGPT maker are working to reinstate Altman, people familiar with the matter told Bloomberg and others. As part of that effort, they also aim to replace the board and are reviewing possible new directors, among them former Salesforce co-CEO Bret Taylor.
Jason Kwon, OpenAI’s chief strategy officer, expressed optimism in a memo obtained by The Information that Altman—and senior staff who resigned in protest at his firing—could be brought back.
OpenAI’s biggest investor by far is Microsoft, which holds significant power over its smaller partner in a number of ways, as Fortune reported earlier today. OpenAI depends on Microsoft for the vast amounts of computing power that its generative AI products require. And while the software giant has committed at least $13 billion to the venture since 2019, committed and delivered are two different things. It’s unclear whether OpenAI could continue as a going concern without Microsoft’s ongoing support.
Tesla CEO Elon Musk, who helped get OpenAI up and running as a nonprofit counterweight to Google in 2015 before the relationship soured, complained earlier this year that OpenAI had morphed into “a closed source, maximum-profit company effectively controlled by Microsoft.” Musk has long warned about the potential dangers of AI, though he now has a ChatGPT rival named Grok.
OpenAI chief technology officer Mira Murati, who joined the company from Tesla in 2018 and helped oversee the deal with Microsoft, told Fortune, “I joined when it was a nonprofit, and then obviously since then we had to evolve—these supercomputers are expensive.” She was named interim CEO after Altman's ouster.
Also expensive is the OpenAI payroll, with the company holding onto some of world’s top AI talent at a time when the field is booming, thanks to its release of ChatGPT late last year. Ilya Sutskever, the OpenAI cofounder and chief scientist—whom Musk worked hard to recruit from Google in 2015—made nearly $2 million in a year in 2016 and likely makes many times that now.
Sutskever is on the board, and it was he who told Altman about his termination, according to cofounder and president Greg Brockman, who quit in protest of Altman's firing. Sutskever and Altman disagreed over how quickly OpenAI was commercializing potentially dangerous AI capabilities and on steps needed for public safety, according to Bloomberg.
Altman has told investors that if he does return to OpenAI, he wants a new board and governance structure, according to the Wall Street Journal.
As for how the board was able to oust Altman without consent from major investors—Microsoft CEO Satya Nadella was blindsided by decision, according to Bloomberg—it comes down to how OpenAI started off and evolved.
While OpenAI began as a nonprofit in 2015, four years later Altman, shortly after starting as CEO, created a commercial arm—which was governed by the nonprofit parent. Altman, unusually for a CEO, but by design, had no equity in the company. That lessened his influence with the board, which, as he frequently noted, had the power to fire him.
To the surprise of many, it did just that on Friday. While the situation remains fluid, Altman might soon return. If he does, the board setup could be in for a change.
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UiPath - >>> This Artificial Intelligence Stock Is Now Cathie Wood's Second-Largest Position -- and It's Not Palantir or Nvidia
Motley Fool
By Adam Spatacco
Oct 10, 2023
https://www.fool.com/investing/2023/10/10/this-artificial-intelligence-ai-stock-is-now-cathi/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
KEY POINTS
UiPath has nearly 11,000 customers, and its offerings integrate with applications such as Amazon Web Services, Google Cloud, and OpenAI.
Given its broad reach, UiPath has access to tons of data which make it an interesting player when it comes to artificial intelligence.
Ark Invest has quietly been building a position in UiPath, a leader in workforce automation software. Technology investor Cathie Wood is back in the headlines. But for once, she isn't talking about her bullish stance on Tesla. Wood is known for setting lofty price targets as well as for acquiring large positions in high-flying growth stocks.
Given the increasing interest in and use of artificial intelligence (AI) technology by businesses of all sizes, it should not surprise investors to learn that Wood is pouncing on an array of stocks in that niche. What may come as a surprise, however, is that she is not scooping up shares of well-known AI names such as Nvidia or Palantir at the frequency you might expect. Rather, she appears to be looking for less obvious AI opportunities.
One such company in particular has really started to stick out: UiPath (PATH). Why? Well, because Wood has bought so much of its stock that it now represents her second-largest position across all of her exchange-traded funds (ETFs).
The company develops robotic process automation (RPA) software that helps its clients streamline tedious and time-consuming tasks.
While it may seem like UiPath merely makes software widgets designed to save workers a little time at the office, its capabilities are much more robust, and Wood, for her part, is pounding the table.
Why might Wood love the stock?
On UiPath's most recent earnings call, management noted that the company has roughly 10,890 customers. Moreover, IT research firm Gartner estimates that UiPath has a 36% share of the robotic process automation market -- a larger slice than behemoths such as Microsoft, SAP, Salesforce, and IBM.
Some of Wood's most noteworthy activity in the market has included taking large positions in Tesla, Palantir, and Twilio. While these companies operate in different industries, there is one obvious common denominator among them. Each of these technology enterprises collects a ton of data. Wood has made it clear on several occasions that she prefers to take positions in companies that have more data than the competition.
Given the stats above about UiPath, I think it's safe to say that the business is processing a large, and growing, volume of data. So even though the RPA market is dense with competitors, UiPath has set itself apart and become the de facto leader. Despite not having nearly as robust a balance sheet as its big tech counterparts, my hunch is that UiPath has been able to move past the competition because it is focusing solely on dominating one market. Said differently, Microsoft, IBM, SAP, and Salesforce have all sorts of solutions geared toward small and medium-sized businesses, as well as large enterprises. But UiPath primarily operates within one core market.
Another reason UiPath is likely seeing so much success is its ability to support various integrations. For example, Microsoft, Alphabet, and Amazon are all investing aggressively in generative AI. Microsoft is integrating OpenAI into various parts of its business, while Alphabet and Amazon are developing competing large language models. UiPath has the luxury of being able to work with all of these solutions. The company's RPA software can integrate with OpenAI, but also support critical applications in the cloud for Amazon or Alphabet.
The combination of the company's leading market share and its ability to work across the various ecosystems in Big Tech make UiPath's data-aggregation story pretty compelling.
Although UiPath's prospects may look attractive, investors should consider a few things when valuing the stock. UiPath is not yet profitable on a generally accepted account principles (GAAP) basis. However, the company is generating positive free cash flow.
The chart above illustrates UiPath's price-to-free-cash-flow ratio over the last year. Over the last few months in particular, the stock's valuation by that metric was well below its prior highs, which could make this an interesting opportunity to buy the dip. I would encourage investors to consider the long-term picture here. An investment in UiPath should be predicated on your view of the outlook for AI and its various applications.
Given the progress the company has already made, UiPath looks like a compelling stock to own for the long haul. But remember, big tech companies have deep pockets, and they have shown an ability to make headline-grabbing investments. For UiPath to evolve into a bigger force, it will need to reach consistent profitability and continue to innovate.
For now, though, the company's impressive growth and technological capabilities should not be discounted. As data becomes increasingly more important for companies' digital transformations and AI becomes more prevalent in IT budgets, UiPath appears to be sitting in an enviable position.
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>>> Palantir scores an AI contract -- Shares of Palantir Technologies, however, got a slightly bigger pop early Tuesday, rising about 3%. The data integration and management platform specialist said that it had expanded a key partnership that should provide more momentum in Palantir's efforts to build out its artificial intelligence and machine learning capabilities.
https://www.fool.com/investing/2023/10/10/pepsicos-popping-a-bit-but-ai-investors-might-pref/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
Palantir announced that the U.S. Army has awarded it a new contract for up to three years. The contract supports the Army's armed services, special forces, combatant commands, and intelligence community in their joint efforts to test, utilize, and scale up their use of AI and machine learning capabilities. Payments under the contract could amount to up to $250 million.
The Army has a long-standing relationship with Palantir. With the need to coordinate information in order to work together effectively, the various armed services members, special operations forces, and command personnel have sought the data integration, management, and AI model training that Palantir has brought to the table.
Palantir has dramatically expanded its AI efforts recently, but it also faces heavy competition. Winning contracts like these is instrumental in demonstrating the effectiveness of its research and development work. Shareholders recognize that success and how important it is for Palantir's long-term prospects.
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>>> Booz Allen Doubles Down on Adversarial AI Capabilities With New Investment
Business Wire
September 26, 2023
https://finance.yahoo.com/news/booz-allen-doubles-down-adversarial-120000482.html
HiddenLayer’s MLSec platform brings added scale to Booz Allen’s ability to protect federal AI missions
MCLEAN, Va., September 26, 2023--(BUSINESS WIRE)--Booz Allen Hamilton (NYSE: BAH) – the largest single provider of artificial intelligence services for the Federal government – today announced that its corporate venture capital arm, Booz Allen Ventures, has made a strategic investment in HiddenLayer, a security platform that safeguards machine learning (ML) models. This investment strengthens and expands Booz Allen’s tenured Adversarial AI capabilities, including those developed for the Department of Defense and intelligence clients, and will further accelerate secure adoption of enterprise AI solutions to keep pace with emerging national security threats as well as rising consumer expectations.
"Every AI-enabled solution should be assessed for risk and appropriately protected from adversarial attacks – especially as the government looks to deploy AI capabilities in increasingly important applications," said Matt Keating, leader of Booz Allen’s Adversarial AI portfolio. "Our clients operate in complex environments that require AI models be highly specialized, rapidly deployable, and secure. The HiddenLayer investment by Booz Allen Ventures better positions us to integrate startup, commercial, and open source innovation to rapidly augment our existing capabilities. Ultimately, allowing us to more quickly and confidently delivery robust AI capability to our clients – and the country at large."
With increased AI adoption – specifically AI models deployed within mission critical systems – the risk surface increases for federal, defense, civil, national security and commercial users, with bad actors looking to exploit and accelerate cyber threats. The newly announced investment in HiddenLayer will complement and accelerate Booz Allen’s existing Adversarial AI capabilities, a leader for over five years in advancing machine learning (ML) methodologies to safeguard systems against attack.
This includes a long-standing focus on addressing key challenges with model security, such as data poisoning, data leakage, model evasion, and malicious code injection. In addition, Booz Allen has also led advanced research to assess the adversarial image perturbation robustness for computer vision models and how manipulated tabular data can enhance the behavior evasive capabilities of Microsoft Windows malware.
"Using pre-trained open-source models is an overall net positive, but this foundation also puts AI models at greater risk for adversarial attack. This tension is a threat that organizations need to be aware of, plan for, and get ahead of, as our adversaries are doing just that," said Edward Raff, chief scientist at Booz Allen and leader of the Booz Allen ML research team, which has been publishing academic research on adversarial AI since 2018.
This is the latest AI-focused investment by Booz Allen Ventures, which identifies and invests in strategic, dual-use commercial technologies, with recent investments including Shift5, Credo AI, Hidden Level, Latent AI, Synthetaic, and Reveal Technology. The investment also builds on Booz Allen’s focused efforts and missions around Generative AI and Responsible AI, providing a robust security foundation as AI use increases.
"HiddenLayer’s powerful platform and expert team has proven effective in securing AI from a broad range of threats, so we quickly identified them as a partner that can support and protect our AI deployments," said Travis Bales, Managing Director at Booz Allen Ventures. "From our early discussions, it was clear to us that the HiddenLayer team has the vision and execution to continue developing security for the emerging AI market."
Booz Allen’s recent investment now enables Federal agencies to capitalize on HiddenLayer’s award-winning Machine Learning Detection & Response platform, as well as Booz Allen’s AI security research, risk and vulnerability assessments, managed detection and response services—all paired with AI security engineering best practices, tools and technologies.
"Booz Allen continuously proves its commitment to developing AI capabilities that are robust, secure, and offer the technical depth needed by the Federal government. Their 360-degree approach to AI combined with their steadfast commitment to HiddenLayer's vision since our founding made them a perfect partner for the next stage of our growth," said Chris Sestito, Co-Founder & CEO at HiddenLayer. "Bringing together our MLSec platform and their purpose-built AI solutions ensures our government can continue to innovate through AI adoption with confidence knowing they are secure from all types of cyber-attacks, including those from nation-states."
Learn more about Booz Allen’s work in Adversarial AI and about Booz Allen Ventures.
About Booz Allen Hamilton
Trusted to transform missions with the power of tomorrow’s technologies, Booz Allen Hamilton advances the nation’s most critical civil, defense, and national security priorities. We lead, invest, and invent where it’s needed most—at the forefront of complex missions, using innovation to define the future. We combine our in-depth expertise in AI and cybersecurity with leading-edge technology and engineering practices to deliver impactful solutions. Combining more than 100 years of strategic consulting expertise with the perspectives of diverse talent, we ensure results by integrating technology with an enduring focus on our clients. We’re first to the future—moving missions forward to realize our purpose: Empower People to Change the World®.
With global headquarters in McLean, Virginia, our firm employs approximately 32,600 people globally as of June 30, 2023 and had revenue of $9.3 billion for the 12 months ended March 31, 2023.
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>>> Godfather of AI tells '60 Minutes' he fears the technology could one day take over humanity
Geoffrey Hinton hails the benefits of artificial intelligence but also sounds the alarm on such things as autonomous battlefield robots, fake news and unintended bias in employment and policing.
Kyle Moss
October 9, 2023
https://www.yahoo.com/entertainment/ai-geoffrey-hinton-60-minutes-fears-technology-take-over-humanity-073704715.html
Geoffrey Hinton, who has been called “the Godfather of AI,” sat down with 60 Minutes for Sunday’s episode to break down what artificial intelligence technology could mean for humanity in the coming years, both good and bad.
Hinton is a British computer scientist and cognitive psychologist, best known for his work on artificial neural networks — aka the framework for AI. He spent a decade working for Google before leaving in May of this year, citing concerns about the risks of AI.
Here is a look at what Hinton had to say to 60 Minutes interviewer Scott Pelley.
The Intelligence
After highlighting the latest concerns about AI to set up the segment, Pelley opened the Q&A with Hinton by asking him if humanity knows what it’s doing.
“No,” Hinton replied. “I think we’re moving into a period when for the first time ever, we have things more intelligent than us.”
Hinton expanded on that by saying he believes the most advanced AI systems can understand, are intelligent and can make decisions based on their own experiences. When asked if AI systems are conscious, Hinton said that due to a current lack of self-awareness, they probably aren’t, but that day is coming “in time.” And he agreed with Pelley’s take that, consequently, human beings will be the second-most intelligent beings on the planet.
After the idea was floated by Hinton that AI systems may be better at learning than the human mind, Pelley wondered how, since AI was designed by people — a notion that Hinton corrected.
“No, it wasn't. What we did was, we designed the learning algorithm. That’s a bit like designing the principle of evolution,” Hinton said. “But when this learning algorithm then interacts with data, it produces complicated neural networks that are good at doing things. But we don’t really understand exactly how they do those things.”
The Good
Hinton did say that some of the huge benefits of AI have already been seen in healthcare, with its ability to do things like recognize and understand medical images, along with designing drugs. This is one of the main reasons Hinton looks on his work with such a positive light.
The Bad
“We have a very good idea sort of roughly what it’s doing,” Hinton said of how AI systems teach themselves. “But as soon as it gets really complicated, we don’t actually know what’s going on any more than we know what’s going on in your brain.”
That sentiment was just the tip of the iceberg of concerns surrounding AI, with Hinton pointing to one big potential risk as the systems get smarter.
“One of the ways these systems might escape control is by writing their own computer code to modify themselves. And that’s something we need to seriously worry about,” he said.
Hinton added that as AI takes in more and more information from things like famous works of fiction, election media cycles and everything in between, AI will just keep getting better at manipulating people.
“I think in five years time it may well be able to reason better than us,” Hinton said.
And what that means is risks like autonomous battlefield robots, fake news and unintended bias in employment and policing. Not to mention, Hinton said, “having a whole class of people who are unemployed and not valued much because what they used to do is now done by machines.”
The Ugly
To make matters worse, Hinton said he doesn’t really see a path forward that totally guarantees safety.
“We’re entering a period of great uncertainty where we’re dealing with things we’ve never done before. And normally the first time you deal with something totally novel, you get it wrong. And we can’t afford to get it wrong with these things.”
When pressed by Pelley if that means AI may one day take over humanity, Hinton said "yes, that's a possibility. I’m not saying it will happen. If we could stop them ever wanting to, that would be great. But it’s not clear we can stop them ever wanting to."
So what do we do?
Hinton said that this could be a bit of a turning point, where humanity may have to face the decision of whether to develop these things further and how people should “protect themselves” if they do.
“I think my main message is, there’s enormous uncertainty about what’s going to happen next,” Hinton said. “These things do understand, and because they understand we need to think hard about what’s next, and we just don’t know.”
Pelley reported that Hinton said he has no regrets about the work he’s done given AI’s potential for good, but that now is the time to run more experiments on it to understand, to impose certain regulations and for a world treaty to ban the use of military robots.
<<<
---
$AITX's Subsidiary, Robotic Assistance Devices, Announces Planning for 1000 RIO Version 4 Production Run
RAD also Considering Expanding Manufacturing Capacity to Accommodate 2000 ROSA Units in 2024
Detroit, Michigan, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced plans related to the development and production of its innovative RIO(TM) solar-powered security tower solutions.
Specifically, the Company noted that it has begun an approximately 5-month effort to complete full design upgrades for RIO version 4.x with prototypes and supply chain coordination. These efforts are expected to yield the most highly designed RAD solution with the most comprehensive input from related supply chain vendors. It is expected that RIO version 4.x production will begin at the beginning of AITX's fiscal year, March 2024.
"Planning this size of an endeavor, and allowing sufficient time enables us to work through the supply chain to find cost savings on parts and manufacturing," said Steve Reinharz, CEO of AITX and RAD. "Furthermore, it allows completion of improvements to ROSA that will provide further cost and production savings. The goals of these efforts are to solidify RAD's lead in the solar-powered tower space by offering unmatched functionality at an unmatched price. This is the first existing market we are targeting to dominate."
"ROSA's forthcoming enhancements, to be in version 4.0, are the culmination of RAD's Autonomous Remote Solutions concepts that we have pioneered over the years," commented Ioan Pop, Vice President of Research and Development at RAD. "We've made great strides in design efficiencies, reduction in power consumption, and vast improvements and enhancements to our AI analytics."
Expect further details to be disclosed at the AITX Investor Town Hall and RAD Technology Reveal to be held on November 3rd. Those interested in attending the event may register here.
Beginning in the first half of 2024 and based on expected sales demand, RAD plans to scale RIO units' production to approximately 100 units per month.
"RIO's expected sales success gives us a new challenge at the REX, manufacturing space," said Luke Ross, Vice President of Production at RAD. "We plan on continuing to invest in the REX, building ROSA, AVA, TOM and RADDOG, and other electronics assembly and testing while evaluating an additional location for RIO assembly and QC. If we're planning for 100 units a month, we will simply need more space."
"This is not simply about expansion and innovation," said Mark Folmer, CPP, PSP, FSyI, President of RAD. "It's also about steering the Company on the path towards becoming cash flow positive, a pivotal milestone underscoring our commitment to delivering shareholder value, consistent growth and industry leadership."
Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA's AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD's software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA's high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.radsecurity.com, http://www.stevereinharz.com, http://www.radgroup.ai, http://www.raddog.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
###
Steve Reinharz
949-636-7060
@SteveReinharz
$SMME: SmartMetric Sees the Interfacing of In Device Embedded AI With Intermitant Remote AI Interfacing Will Bring a Massive Leap in Data Security for Its Biometric Credit Cards
NEW YORK--(BUSINESS WIRE)-- SmartMetric, Inc. (OTC: SMME) embedding AI (artificial intelligence) in hardware that then interfaces with powerful remote AI systems will allow for a massive increase in device security.
“AI interfaced with remote AI processing will allow remote devices such as credit cards to tap into the power of AI to provide for lightening fast and complex instant processing security functions such as identifying malicious hacking intrusions along the payment continuum,” said SmartMetric’s President and CEO, Chaya Hendrick.
The advantage of AI as an embedded in the device, hardware-based security is that it provides a greater level of security than a remote centralized processor. A central computer or even a smartphone that is always connected to a network wirelessly, provides many opportunity points for malicious intrusion. A device such as a credit card that is not connected all the time to a network is without question far more secure. “Always connected means always hackable,” said Chaya Hendrick.
“Intermittent remote processor connectivity greatly impairs opportunities for data thieves to intercept and collect data. Adding to this AI based enhanced data security with embedded on the card and interfaced intermittently with a remote central AI enhanced security platform, will provide a huge leap in card data flow security across the payment network,” said Chaya Hendrick.
AI in device and centralized computing, allows for a staggering increase in variable analysis and algorithmic computations that will be able to be used for instance to detect malicous data capture attempts while at the same time providing a massively enhanced level of encryption. Especially if this encryption is paired with on device AI enhanced encryption with payments processing AI enhanced remote systems.
“Looking into the future, we are going to see amazing gains in data security. We will see almost unthinkable advances in particular when we marry AI with Quantum computing. The marriage of advanced software with advanced computing is going to change the world of data in more 'good' ways then we can imagine,” said Chaya Hendrick.
“SmartMetric, while it is about to release its advanced biometric fingerprint secured and activated credit card, is working on adding embedded AI as a hardware feature inside of its intelligent biometric card platform. Providing for a quantum leap forward in both card data security and payment network data security along with its ultra secure credit card that is secured by the users’ biometrics,” said Chaya Hendrick.
The SmartMetric biometric fingerprint recognition technology built inside of the credit and debit card uses embedded biometric technology to positively recognize the card holder and then only after a positive fingerprint recognition, turn on the cards EMV contact and contactless payments chip.
Market research has shown that 70% of current credit card users are willing to pay $70.00 for a biometric secured credit card. The single largest motivation is wanting to feel more secure. The same research showed that nearly 70% of existing 100’s of millions of credit card users would prefer to use a biometric credit card.
To view the SmartMetric Biometric Card please follow this link - Video of the SmartMetric Biometric Card. To view the company website: www.smartmetric.com
Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investors and security holders are urged to carefully review and consider each of SmartMetric Inc. public filings with the SEC, including but not limited to, if applicable, Annual Reports on Form 10-K, proxy statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.
https://cts.businesswire.com/ct/CT?id=bwnews&sty=20230629355476r1&sid=acqr8&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20230629355476/en/
SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687 Mobile: 305.607.3910 Pacific Time
ceo@smartmetric.com
http://www.smartmetric.com
Source: SmartMetric, Inc.
Artificial Solutions International AB (publ) (ASAI.ST)
"AI in Europe headquartered in Stockholm, Sweden."
https://www.teneo.ai/
https://finance.yahoo.com/quote/ASAI.ST?p=ASAI.ST&.tsrc=fin-srch
https://investorshub.advfn.com/Artificial-Solutions-International-AB-ASAIF-39215
Artificial Solutions International AB (publ) (ASAI.ST)
SE 0018397184 Shares Outstanding 102.43 Million (as of January 30, 2023)
https://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE145803&name=Artificial%20Solutions%20Intern.&ISIN=SE0018397184
About
https://www.teneo.ai/about-us
Group Structure
Artificial Solutions® International AB was founded in 2001, is listed on the Nasdaq First North Growth
Market in Stockholm with the ticker ASAI, is headquartered in Stockholm, Sweden and is a leader in AI.
Our platform, Teneo, is used by millions of people across hundreds of private and public sector SaaS
deployments worldwide. Teneo.ai, Teneo and OpenQuestion are registered brands by Artificial Solutions.
Our vision is a world without queues, without keypad navigation, with instant service. We’re proud to
transform the customer experience for hundreds of millions of consumers around the world, powering
millions of interactions every day across our enterprise client base. Our customers replace traditional
phone keypad-based menus with welcoming, short, and precise full sentences - OpenQuestion.
The solution is based on our award-winning SaaS-platform Teneo. Which runs across 86 languages and
dialects and is fully integrated with call center and contact center systems.
Integrations with Genesys Cloud CX, Google Cloud, Microsoft and OpenAI (ChatGPT), demonstrate
our commitment to driving innovation in Conversational IVR for the benefit of enterprise contact center
operators around the world. Through OpenQuestion, businesses can effortlessly connect Generative AI
and Large Language Model functionality to their existing set up; no complications just instant results.
Co. Presentation: https://www.investors.artificial-solutions.com/wp-content/uploads/ASAI_Q1_2023_Report_PPT_ENG-1.pdf
Annual Report 2022: https://investors.artificial-solutions.com/wp-content/uploads/2023/Annual_Report_2022_ENG_FINAL.pdf
Homepage: https://www.teneo.ai/
Contact: https://www.teneo.ai/contact marketing@teneo.ai
Newsroom: https://www.investors.artificial-solutions.com/press-releases
Blog: https://www.teneo.ai/blog
Analysts: https://www.investors.artificial-solutions.com/analysts
Investor Relations: https://www.investors.artificial-solutions.com/
Fredrik Törgren, CFO, +46 (0)70 355 08 29 IR@artificial-solutions.com
Financial Reports: https://www.investors.artificial-solutions.com/financial-reports
LinkedIn: https://www.linkedin.com/company/teneo-ai/
Twitter: https://twitter.com/teneo_ai
Youtube: https://www.youtube.com/@teneo_ai
Facebook: https://www.facebook.com/teneoai
Zoominfo: https://www.zoominfo.com/c/artificial-solutions-international-ab/351349812
Solutions
OpenQuestion - IVR for Smart Call Routing
https://www.teneo.ai/solutions/openquestion
Successes
- Artificial Intelligence in Call Centers
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172028376
- Customer Experience With Ai Telephony Self Service
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172173924
- Decreasing Call Transfers and Improving Customer Experience
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172175077
- The Impact of Generative AI on Customer Service
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172164077
$AITX's Subsidiary, Robotic Assistance Devices, Books Multiple Orders, Totaling 19 Security Devices from Leading National Dealer
Detroit, Michigan, June 20, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that it has booked 2 orders for a variety of security solutions. These orders are being facilitated through one of RAD's largest authorized dealers.
The 2 orders consist of a total of 11 ROSA(TM) security devices, 6 AVA(TM) access control solutions, and 2 SCOT(TM) towers. Seventeen of these units (9 ROSAs, 6 AVAs, 2 SCOTs) will be deployed at one client location in the Midwest. The 2 ROSA units will be deployed at a large east coast parking structure, with the task of autonomously deterring trespassing and vagrancy at unsecured entrances.
Although not named due to confidentiality agreements, the Company indicated that the end-user for the 17 devices is a Fortune 500-ranked, global brewing company. RAD and the dealer had been cultivating this opportunity since early 2022.
"This is the type of sales opportunity we have built this business to support," said Steve Reinharz, CEO of AITX and RAD. "A big national dealer, moving multiple units, to top ranked corporate clients who are looking to improve their security profile and save money. This one opportunity is expected to scale even bigger and broader."
According to the Company, the client is using this opportunity to reduce their reliance on expensive manned guarding options and utilize RAD's security devices throughout their corporate campus. The ROSA units will line the walkways of the property, with the 2 SCOT towers strategically placed along key routes, providing emergency call options. The client's 6 lobbies will each deploy an AVA device to help manage employee and visitor check-ins and verification procedures, replacing the tasks of a single guard in each of the lobbies. Once all devices are deployed and activated it is planned that this client will subscribe to RAD Light My Way to further provide their employees with enhanced security and safety measures.
Reinharz added, "This amazing dealer has indicated that they are about to significantly accelerate their adoption and proactive promotion of RAD solutions to their impressive client base. We've been supporting them since the very beginning, and I feel it's about to pay off in a big way."
"Our sales team has been working to secure this opportunity for an incredibly long time," said Mark Folmer, CPP, PSP, FSyI, President of RAD. "That's the nature of the beast when presenting new, disruptive technologies to large organizations, especially when large cost savings and reductions in workforce are on the table. Our team has learned to persevere and continue driving home the value and performance of what we've got. Eventually, the clients find their way to RAD."
The Company stated that all units are expected to be shipped and deployed later this summer, upon final processing of the received orders.
ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA's AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD's software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA's dual high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.
AVA (Autonomous Verified Access) is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West 2022, AVA was named a winner of the SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.radsecurity.com,http://www.stevereinharz.com, http://www.radgroup.ai, http://www.raddog.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
>>> AI: Good News for Bad Guys
BY JAMES RICKARDS
MAY 31, 2023
https://dailyreckoning.com/ai-good-news-for-bad-guys/
AI: Good News for Bad Guys
ChatGPT and artificial intelligence (AI) are all the rage right now.
In fact, AI and GPT together are almost the only drivers of positive stock market performance today.
A small group of companies with advanced capabilities in AI/GPT (Microsoft, NVIDIA, Google, Apple, and a few others) are rallying sharply on the profit and productivity potential offered by the new technology.
If the AI/GPT plays were removed from stock market indices, the remainder of the stocks would be down on a year-to-date basis. Whether this performance is a bubble or a genuine leap based on fundamentals remains to be seen.
History is filled with investing fads that fizzle out.
Still, there’s no doubt about the impact. That said, GPT has a dark side that is quickly coming to the fore. What do I mean?
Good News for Bad Guys
Malign actors can use the speed and comprehensiveness of GPT to produce fake images and content. They can then push that content into social media and mainstream channels to cause market rallies and crashes.
In other words, for market manipulators, inside traders, and geopolitical adversaries, GPT is one of the best tools ever invented. Here’s a recent case in point…
Last Monday, May 22, a story appeared on ZeroHedge, Facebook, Twitter, and several other media channels showing a large building on fire near the Pentagon along with speculation that a terrorist attack might be underway.
Stocks immediately began to sell off. Within minutes, it was realized that the building fire photo was fake (based on some windows that had an irregular instead of uniform appearance).
And indeed, the entire story was fake.
The image of the building with billowing smoke was generated by AI. Investors should get used to this type of AI-induced panic that can manipulate markets.
The AI/GPT technology is already in the hands of bad actors and they won’t stop using it just because this one fake was detected quickly.
Computer vs. Computer
Most stock trading is done by computers primed to look for keywords in breaking news. This was a case of computers selling stock based on what another computer was reporting with the use of a fake photo and fake news.
It’s computer versus computer using AI/GPT as advanced weaponry. Here’s why that’s so potentially dangerous…
Today, stock markets and other markets such as bonds and currencies can best be described as “automated automation.” What do I mean?
There are two stages in stock investing. The first is coming up with a preferred allocation among stocks, cash, bonds, etc. This stage also includes deciding how much to put in index products or exchange-traded funds (ETFs, which are a kind of mini-index) and how much active management to use.
The second stage involves the actual buy and sell decisions — when to get out, when to get in and when to go to the sidelines with safe-haven assets such as Treasury notes or gold.
What investors may not realize is the extent to which both of these decisions are now left entirely to computers. I’m not talking about automated trade matching where I’m a buyer and you’re a seller and a computer matches our orders and executes the trade. That kind of trading has been around since the 1990s.
I’m talking about computers making the portfolio allocation and buy/sell decisions in the first place, based on algorithms, with no human involvement at all. This is now the norm.
The Demise of Active Investing
Over 80% of stock trading is now automated in the form of either index funds (over 60%) or quantitative models (under 20%). This means that “active investing,” where you pick the allocation and the timing, is down to less than 20% of the market. Although even active investors receive automated execution.
In all, the amount of human “market making” in the traditional sense is down to about 5% of total trading. This trend is the result of two intellectual fallacies.
The first is the idea that “You can’t beat the market.” This drives investors to index funds that match the market. The truth is you can beat the market with good models, but it’s not easy.
The second fallacy is that the future will resemble the past over a long horizon, so “traditional” allocations of, say, 60% stocks, 30% bonds and 10% cash (with fewer stocks as you get older) will serve you well.
But Wall Street doesn’t tell you that a 50% or greater stock market crash — as happened in 1929, 2000 and 2008 — just before your retirement date will wipe you out.
But this is an even greater threat that’s rarely considered…
Shouting Fire In a Crowded Theater
In a bull market, this type of passive investing amplifies the upside as indexers pile into hot stocks like, for example, Nvidia, Google and Apple have been recently. But a small sell-off can turn into a stampede as passive investors head for the exits all at once without regard to the fundamentals of a particular stock.
It’s like shouting “Fire!” in a crowded theater. AI could issue the false alarm that sends investors scrambling for the exits.
Index funds would stampede out of stocks. Passive investors would look for active investors to “step up” and buy. The problem is there wouldn’t be any active investors left, or at least not enough to make a difference.
There would be no active investors left to risk capital by trying to catch a falling knife.
Stocks will go straight down with no bid. The market crash will be like a runaway train with no brakes. It all comes back to complexity, and the market is an example of a complex system.
One formal property of complex systems is that the size of the worst event that can happen is an exponential function of the system scale. This means that when a complex system’s scale is doubled, the systemic risk does not double; it may increase by a factor of 10 or more.
The emergence of AI-generated “fake news” can amplify these market movements.
As the technology improves, which it inevitably will, it’ll become increasingly difficult to distinguish reality from fiction. Stories like the fire near the Pentagon will become much harder to debunk.
Investors need to understand these technological developments before their portfolio holdings are badly damaged.
One thing we can be sure of is that the threat is not going away.
<<<
---
KRKNF is a hidden gem.
You will have a hard time finding a company with a similar trajectory in financial results. One times this year's projected revenues. 13 million in projected EBITDA. REAL ORDERS from first world countries. Most importantly. completely undiscovered AI play.
>>> Stability AI CEO says AI will prove more disruptive than the pandemic
Goldman Sachs Intelligence
MAR 23, 2023
https://www.goldmansachs.com/intelligence/pages/stability-ai-ceo-says-ai-will-prove-more-disruptive-than-the-pandemic.html?chl=em&plt=briefings&cid=407&plc=intro?chl=em&plt=briefings&cid=407&plc=intro&bt_ee=ATUzvAXjmS7W6GGfrVVt02kVYX%2F%2BQ5tnZ4TGKlrYrSt2BRdl3WHVjZdzgB65Ra7s&bt_ts=1684948321149
Topic:
ARTIFICIAL INTELLIGENCE TECHNOLOGY DRIVING INNOVATION
“We figured out how to make humans scale,” Emad Mostaque, founder and CEO of Stability AI, told an audience at Goldman Sachs 2023 Disruptive Technology Symposium in London.
The generative artificial-intelligence company’s chief cited a range of examples of the technology’s recent achievements. He explained that during the COVID-19 pandemic, an AI-powered meta-study of mask efficacy led to better policies. Closer to home, he said that when his son was diagnosed with autism, he was able to do an AI-powered literature review that helped him find new ways to help him. Mostaque says 41% of all new software code on GitHub is now AI-generated.
“AI can absorb information very quickly and spit it out,” Mostaque said during an interview with Eric Sheridan, the senior U.S. internet analyst in Goldman Sachs Research. “It’s a bit like a really talented intern with a bad memory,” he said, and when the memory issue gets fixed, AI may be ready for a promotion to analyst or associate level work.
Mostaque offered several predictions about the impact that AI will soon have on business and society — with change coming in entertainment, education, medicine and of course the IT industry itself.
Citing the AI art generation program Midjourney, he described how it is possible to generate images that are almost photorealistic today and will be even better tomorrow. Already the technology is being used in filmmaking and is saving millions of dollars, he said.
“This is massively disruptive for media,” Mostaque said. It has become possible to imagine an AI-generated new season of Game of Thrones. “You’ll see the entire cost structure of media creation, video game creation and others change dramatically.”
Education is another area where Mostaque predicted AI can bring a revolution. What’s been shown to be most effective, he said, is one-to-one instruction. “And now, basically, as of this year, you can have your own personalized tutor that adapts to you,” he said. With AI-powered instruction comes great promise for solving learning challenges, he said, predicting that dyslexia, for example, will be “solved” in the next few years.
A similar dynamic is likely in medicine, he said, citing Google’s recent success in optimizing its large language model to answer medical questions. “We finally have a single file that’s as good as a human doctor,” Mostaque said.
Mostaque acknowledged AI will create challenges. As much as the development of AI holds promise for boosting efficiency and productivity, it also raises fears, including the possibility that workers will see jobs disappear in categories that until recently looked safe.
“This is a much bigger disruption than the pandemic,” he told the audience, going back to his point about AI large language models successfully writing software code. OpenAI’s ChatGPT can pass Google’s exam for a high-level software engineer, Mostaque said, even though it’s a non-specialized model. “There’s no programmers in five years,” he predicted.
Across the software industry, big competitive shifts are coming, Mostaque said, with some companies that have regulatory protection or pricing power benefiting and others seeing their position eroded. Whole new industries will be invented, he added.
The world has been talking about so-called expert systems for decades, but now suddenly, they have actually arrived, Mostaque explained, and the disruption they bring is accelerating. “I’m not sure that any of us can cope with the speed. You know, frankly it’s terrifying,” he said.
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$AITX News: RADDOG(TM), the Robot Dog from AITX's Subsidiary, Robotic Assistance Devices, to Appear on New FOX Reality Series 'Stars on Mars'
Detroit, Michigan, May 15, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), have announced that their RADDOG robot will appear on the new TV series "Stars on Mars," which will debut on FOX on June 5th.
The RADDOG quadruped robots used in the show are the RADDOG 2S units, which are specially designed for the security services and property management industries. In the show, RADDOG will perform the duties of the mission's security robot as well as being a companion to the crew members.
"We are thrilled that RADDOG will be on Stars on Mars," said Steve Reinharz, CEO of AITX and RAD. "RADDOG is the result of our mobile robotics team's incredible work. The show might be fiction set in the future, but RADDOG is what today's AI innovation can accomplish."
"Stars on Mars" is an "unscripted" elimination series to see which "celebronaut" will be selected to make a fictional trip to Mars. Star Trek legend William Shatner will play host and assign challenges for the crew and RADDOG to perform.
The Company stated that RADDOG is expected to appear in all of the series' scheduled episodes. The production of the show is being filmed in Coober Pedy, located in southern Australia.
RADDOG 2S is expected to be available from RAD within the next several months. Its capabilities, other details and pricing will be available in June.
RAD plans to make RADDOG 2S available to dealers and corporate clients within the coming months. Further details, including its capabilities, pricing, and additional specifications, will be made available in June.
Reinharz further added that the Company sent several RADDOGs along with a robotics technician from their R&D group to join the production crew. All reports have been exceptional, with RADDOG performing some amazing tasks, and the entire production team has been a joy to work with and support.
It is worth noting that as previously indicated by the Company, no placement or publicity fees were paid to the production company for RADDOG's appearance. The production company notified RAD months earlier of their interest in having RADDOG participate in the show.
The debut of "Stars on Mars" on June 5th is highly anticipated and expected to attract a significant audience. This appearance is expected to further strengthen AITX's position as a leading provider of AI-driven security and productivity solutions.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com, http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
>>> Artificial intelligence pioneer leaves Google and warns about technology's future
NBC News
by Brahmjot Kaur
May 1, 2023
https://finance.yahoo.com/news/artificial-intelligence-pioneer-leaves-google-184641425.html
The "godfather of AI" is issuing a warning about the technology he helped create.
Geoffrey Hinton, a trailblazer in artificial intelligence, has joined the growing list of experts sharing their concerns about the rapid advancement of artificial intelligence. The renowned computer scientist recently left his job at Google to speak openly about his worries about the technology and where he sees it going.
“It is hard to see how you can prevent the bad actors from using it for bad things,” Hinton said in an interview with The New York Times.
Hinton is worried that future versions of the technology pose a real threat to humanity.
“The idea that this stuff could actually get smarter than people — a few people believed that,” he said in the interview. “But most people thought it was way off. And I thought it was way off. I thought it was 30 to 50 years or even longer away. Obviously, I no longer think that.”
Hinton, 75, is most noted for the rapid development of deep learning, which uses mathematical structures called neural networks to pull patterns from massive sets of data.
Like other experts, he believes the race between Big Tech to develop more powerful AI will only escalate into a global race.
Hinton tweeted Monday morning that he felt Google had acted responsibly in its development of AI, but that he had to leave the company to speak out.
Jeff Dean, senior vice president of Google Research and AI, said in an emailed statement: “Geoff has made foundational breakthroughs in AI, and we appreciate his decade of contributions at Google. I’ve deeply enjoyed our many conversations over the years. I’ll miss him, and I wish him well! As one of the first companies to publish AI Principles, we remain committed to a responsible approach to AI. We’re continually learning to understand emerging risks while also innovating boldly.”
Hinton is a notable addition to a group of technologists that have been speaking out publicly about the unbridled development and release of AI.
Tristan Harris and Aza Raskin, the co-founders of the Center for Humane Technology, spoke with “Nightly News” host Lester Holt in March about their own concerns around AI.
“What we want is AI that enriches our lives. AI that works for people, that works for human benefit that is helping us cure cancer, that is helping us find climate solutions,” Harris said during the interview. “We can do that. We can have AI and research labs that’s applied to specific applications that does advance those areas. But when we’re in an arms race to deploy AI to every human being on the planet as fast as possible with as little testing as possible, that’s not an equation that’s going to end well.”
An open letter from the Association for the Advancement of Artificial Intelligence, which was signed by 19 current and former leaders of academic society, was released last month warning the public of the risks around AI and the need for collaboration to mitigate some of those concerns.
“We believe that AI will be increasingly game-changing in healthcare, climate, education, engineering, and many other fields,” the letter said. “At the same time, we are aware of the limitations and concerns about AI advances, including the potential for AI systems to make errors, to provide biased recommendations, to threaten our privacy, to empower bad actors with new tools, and to have an impact on jobs.”
Hinton, along with scientists Yoshua Bengio and Yann LeCun, won the Turing Award in 2019, known as the tech industry’s version of the Nobel Prize, for their advancements in AI.
Hinton, Bengio and LeCun were open about their concerns with AI but were optimistic about the potential of the technology, including detecting health risks earlier than doctors and more accurate weather warnings about earthquakes and floods.
“One thing is very clear, the techniques that we developed can be used for an enormous amount of good affecting hundreds of millions of people,” Hinton previously told The Associated Press.
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$AITX News: AITX's Subsidiary, Robotic Assistance Devices, Releases Exclusive AI-Powered Tracking Feature
Company Expected to File Patent Application on Its Advanced Analytics
Detroit, Michigan, April 27, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today released a new AI-based analytic providing enhanced tracking of vehicles and humans.
This unique analytic is being added to the list of provisional patent applications the Company plans on filing in the near future. Analytics refers to the process of identifying, interpreting, and communicating significant or meaningful patterns of collected data.
This new analytic solves two challenges important to end users and security operations centers, specifically the reduction of false positive alarms, and the introduction of advanced functionality that can be used to detect stolen cars, new vehicles and persons entering spaces with existing cars and persons. The Company believes that an analytic with this functionality does not exist in the marketplace, although it may.
The Company noted that this tracking functionality has been successfully tested at several client locations across the US and is now being made available to all subscribed RAD clients. The Company has identified 31 ROSA devices that the analytic will be deployed on in the coming weeks. The addition of this analytic strengthens RAD's value to its end users, increasing retention and exclusivity.
Tracking is part of a suite of internally developed AI analytics which includes human detection, vehicle detection, license plate recognition, and firearm detection. Tracking is included with a subscription to any RAD device, including RAD's top-selling solution ROSA(TM) (Responsive Observation Security Agent).
"Although we deploy hardware as a device-as-a-service model, at our core AITX is a software company," said Steve Reinharz, CEO of AITX and RAD. "Surveillance systems have struggled to reduce what are referred to as 'false positives', where slight or typical movement of an object triggers an alert. This is particularly troublesome when observing the movement, or non-movement of vehicles. This new analytic knows when a vehicle is on the move or remaining in place. We have made incredible advancements to reduce the instances of false positives."
"We know that every client is unique and there's no 'one size fits all' approach to how they will utilize our solutions," commented Mark Folmer, CPP, FSyI, President of RAD. "The vehicle tracking analytic is completely customizable by the end-user or authorized remote monitoring service. It's our objective to make deploying RAD solutions a seamless and easy process for our clients and channel partners."
"AITX has made substantial investments in R&D and software development," added Reinharz. "To help protect these investments, we have carefully reviewed the need for patents in each area of research to formulate more effective R&D strategies. We've identified the projects where the Company should file relevant patent applications as necessary to help build a strong global intellectual property portfolio."
The Company expects to provide future announcements regarding the status of the aforementioned patent applications.
ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA's AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, vehicle tracking, responsive digital signage and audio messaging, and complete integration with RAD's software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA's dual high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
>>> Google Slides on Report Samsung May Choose Bing For Search
Bloomberg
by Vlad Savov and Michael Tobin
April 17, 2023
https://finance.yahoo.com/news/google-may-lose-search-samsung-014102604.html
(Bloomberg) -- Alphabet Inc. was headed for its biggest single-day decline in more than two months following a report that Samsung Electronics Co. has considered replacing Google with Microsoft’s Bing as the default search engine on its devices.
Google employees were shocked when they learned about Samsung’s thinking in March, the New York Times reported on Sunday, citing internal messages. The contract between Alphabet and the world’s leading smartphone maker is under negotiation and Samsung could still stick with Google, according to the Times.
Shares of Alphabet fell as much as 4% as trading got underway in New York. If the losses hold throughout the day, it will notch the biggest drop since early February. Microsoft was up 1.7%.
Bing’s threat to Google’s search dominance has escalated in recent months with the addition of OpenAI’s technology to provide ChatGPT-like responses to user queries.
Google is working on several projects to update and renew its search services to avoid losing ground. Those include adding artificial intelligence features to its existing offerings, under a project named Magi, which has more than 160 people working on it, the Times reported.
Google is “excited about bringing new AI-powered features to search and will share more details soon,” Lara Levin, a Google spokeswoman, said in a statement. A Google representative did not comment on the company’s negotiations with Samsung. A representative from Samsung declined to comment.
Samsung shipped 261 million smartphones in 2022, according to IDC data, all running Google’s Android software. The Korean company has long-established partnerships with both Microsoft and Google, and its devices come preloaded with a library of apps and services from both, such as OneDrive and Google Maps.
Between its Samsung deal and one with Apple Inc., which the Times report valued at roughly $20 billion in annual revenue, Google has commanding market share in mobile devices in the US and much of the rest of the world.
Large language models, such as the one underpinning ChatGPT and the chatbot functionality in Microsoft’s Bing, are not new to Google. The company has been using LLMs to anticipate the intent of users’ queries, Google’s chief business officer said on the company’s fourth-quarter earnings call in February. Google is also rolling out Bard, its own chatbot search assistant, though doing so at a very cautious pace.
Read more: Google Opens Bard AI Chatbot, Racing to Catch Up to OpenAI
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>>> Better AI Stock: Nvidia vs. C3.ai
Motley Fool
By Leo Sun
Apr 18, 2023
https://www.fool.com/investing/2023/04/18/better-ai-stock-nvidia-vs-c3-ai/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
KEY POINTS
C3.ai has a catchy ticker symbol, but its business has some glaring problems.
Nvidia will remain one of the best chip plays in the AI market, but a lot of that optimism has already been baked into its share price.
Both of these stocks are pricey, but one is clearly a better long-term investment.
Nvidia (NVDA 3.09%) and C3.ai (AI -0.57%) both believe they will benefit from the expansion of the artificial intelligence (AI) market, which recently gained a lot of attention with the rise of "generative AI" platforms like ChatGPT. Nvidia's top-tier GPUs are used to process complex machine learning and AI tasks in data centers, while C3.ai's algorithms add AI capabilities to an organization's existing applications.
Nvidia and C3.ai have rallied about 83% and 96%, respectively, so far this year as the bulls rush toward AI-related stocks. But will those gains be sustainable over the long term? Let's take a closer look at these two companies to decide.
C3.ai: A catchy name with a shaky business
C3.ai was previously known as C3 Energy and C3 IoT (Internet of Things) before it rebranded itself as C3.ai in 2019. It subsequently generated a lot of buzz with that catchy name and its "AI" ticker symbol when it went public in late 2020.
But underneath those rebrandings, C3's core business hasn't changed all that much since its days as C3 Energy and C3 IoT. It still generates most of its revenue from the energy sector, and a massive joint venture with Baker Hughes still accounts for more than 30% of its revenue. That's deeply troubling because that agreement will expire in fiscal 2025 (which will end in April 2025), and there's no guarantee it will be renewed.
Last year, C3 also pivoted from subscriptions toward a usage-based model, which only collects fees when its services are accessed. The company insists that move will counter the macroeconomic headwinds that are discouraging enterprise customers from locking themselves into sticky subscriptions, but it's also severely throttling its near-term growth.
C3's algorithms can be plugged into an organization's software to automate tasks, cut costs, improve employee safety, and detect fraud -- but those optimization tools aren't comparable to OpenAI's ChatGPT or other generative AI platforms. C3 gained a lot of attention this January when it announced the development of new tools for generative AI platforms, but that merely means its algorithms are compatible with those platforms and doesn't guarantee any future revenue.
C3's revenue rose 38% in fiscal 2022, but it only anticipates 4% to 5% growth in fiscal 2023. It's still deeply unprofitable by both generally accepted accounting principles (GAAP) and non-GAAP measures, and it isn't cheap, with an enterprise value of 7 times its estimated sales for fiscal 2023. In that light, C3 still seems like a risky stock that could easily be cut in half once the AI hype dies down.
Nvidia: The pick-and-shovel play of the AI market
Nvidia's business is built on a much firmer foundation than C3. It's the largest producer of discrete GPUs in the world, and its top-tier GPUs are widely used by generative AI platforms like ChatGPT to accelerate their AI processing capabilities.
Nvidia experienced a major growth spurt during the pandemic as consumers upgraded their gaming PCs to play more video games, sales of pre-built PCs soared as more people worked remotely and attended remote classes, and data centers upgraded their servers to process more cloud-based data. The spike in cryptocurrency prices amplified that surge as crypto miners upgraded their mining rigs with Nvidia's latest GPUs.
The company's growth cooled off after the pandemic waned. PC sales withered, macro headwinds forced data centers to rein in their spending, and the collapse of the cryptocurrency market caused miners to flood the market with secondhand GPUs.
Nvidia's revenue came in flat in fiscal 2023 (which ended this January), compared to its 61% growth in fiscal 2022, as its adjusted EPS fell 25%. However, analysts expect its revenue and earnings to grow 11% and 35%, respectively, in fiscal 2024 as it laps that slowdown, the growth of the AI market boosts its data center sales, and the crypto market recovers.
That outlook is encouraging, but Nvidia's stock still looks pricey at 60 times forward earnings. That frothy valuation suggests it's also being buoyed by all the recent generative AI hype -- and a harsh reality check could easily crush its shares. But looking beyond the valuation, Nvidia's core business is still stable, it has a wide moat, it's firmly profitable by both GAAP and non-GAAP measures, and it will likely remain an essential pick-and-shovel play on the high-end gaming and AI markets.
The obvious winner: Nvidia
I wouldn't touch either of these stocks until their valuations cool off. But once that happens, Nvidia will obviously be a better buy than C3.ai. C3 isn't doomed yet, but it raises too many red flags given its habit of chasing hot trends, decelerating growth, lack of profits, and overwhelming dependence on Baker Hughes.
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$AITX News: AITX's Subsidiary, Robotic Assistance Devices, Receives Order for Multiple ROSA and AVAs from Leading Oil and Gas Operations Company
Robotic Assistance Devices, Inc. (RAD), Secures Order Totaling 13 Devices from Single Client at One Location
Detroit, Michigan, April 18, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that it has received an order for 11 ROSA security robots and 2 AVA access control solutions. The order was facilitated by one of RAD's largest national authorized dealers.
The end-user client is a Fortune 250-ranked supplier of technology-driven solutions that empower the global energy industry. All 13 devices are to be deployed at one of the client's large warehousing centers, tasked with the detection and deterrence of trespassing, loitering and other security breaches. One of the two AVA units will replace a security guard at a secure entrance gate and the entire system has the equivalent value in human labor in the range of $400,000 to $600,000 annually. The remaining AVA unit will supplement the tasks of a security guard at another gated entrance to the facility.
The company announced that it expects the full 13-unit order to be delivered to the project site by the end of April 2023 and noted that it continued to make significant progress satisfying backlogged orders. It's expected that RAD will begin invoicing this deployment in May or June.
"Our progress with this particular nationwide dealer has been substantial and barely unlocks the potential we have together," said Mark Folmer, CPP, FSyI, President of RAD. "We're very grateful for the strong national representation and excited at nation-wide roll out plans that are nearing completion."
"Enterprise organizations see immediate and substantial impact when they integrate RAD's solutions into their facility and security plans," said Steve Reinharz, CEO of AITX and RAD. "As the market for security guard labor continues to tighten, I expect we'll see acceleration of RAD solutions."
The Company expects to make additional announcements regarding its authorized dealers' activities and further sales updates.
ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA's AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD's software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA's dual high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.
AVA (Autonomous Verified Access) is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for gated communities, logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased security and visibility is needed at a fraction of the cost. At ISC West 2022, AVA was named a winner of the SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
>>> Elon Musk Founds New Company To Challenge GOOGL, Microsoft's ChatGPT; Is AI Stock A Buy?
Investor's Business Daily
by VIDYA RAMAKRISHNAN
04/17/2023
https://www.investors.com/research/ai-stock-teslas-musk-starts-ai-company-with-100-mil-private-stock-sale-is-ai-stock-a-buy/?src=A00220
Tesla (TSLA) chief Elon Musk has started an AI company. On Friday, Musk incorporated the new company, X.AI in Nevada. Musk is the sole director of the company and plans to make a private sale of 100 million shares of the new startup.
Earlier, in March, Musk and others asked for a 6-month pause in AI systems training that involved technologies more advanced than GPT- 4.
So where does that leave C3.ai (AI)? The stock rose nearly 5% on Monday as the AI race takes a new turn. Musk's company will count Google parent Alphabet (GOOGL) and privately-held OpenAI among its rivals, as well as C3.ai.
In 2018, Musk is said to have made a bid for OpenAI, which he helped found in 2015. But the Tesla head stepped away from OpenAI after his offer was rejected. Musk left on grounds of conflict of interest as Tesla was experimenting with its own AI-powered autonomous driving software.
OpenAI also faced astronomical costs associated with training AI systems at the time. In 2019, the ChatGPT maker transformed from "non-profit" to "for-profit", attracting the likes of Microsoft (MSFT), which invested heavily in its ChatGPT.
By March this year, OpenAI hit a valuation of $30 billion, according to sources. Musk observed in a tweet that "a non-profit somehow became a $30B market cap for-profit."
But the Tesla chief has been quick to catch up with his new startup.
AI Stock Rises On New Entrant In AI Space
AI stock has had a tumultuous April so far. Shares dived after short seller Kerrisdale Capital raised questions about AI stock's unbilled receivables and margins from client Baker Hughes. But AI rose after the company responded to the allegation.
The stock remains below the 50-day moving average but is on watch as it rises from recent lows on news of Musk's venture.
Massive Artificial Intelligence Growth
C3.ai CEO Tom Siebel sees AI applications hitting $600 billion as everyone will eventually use enterprise AI.
That is far less than Cathie Wood's prediction. In Ark Investment Management's "Big Ideas 2023" report, Wood sees AI adding $200 trillion to the economy by 2030.
Generative AI will increase efficiency for professionals and AI stock has first-mover advantage, touting partnerships with Google parent Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT), Accenture (ACN), Baker Hughes (BKR) and others.
AI Stock Earnings: Still In The Red
AI stock reported sales of $66.7 million in the last quarter, down 4% year over year from $69.8 million. However, it still beat guidance of $63-$65 million. AI posted a net loss per share of 6 cents, slightly better than the 7 cents per share loss last year.
CEO Thomas Siebel stated that "overall business sentiment appears to be improving" compared with mid-2022 and he sees the company becoming profitable in fiscal 2024.
The generative AI stock disclosed $789.8 million in cash to carry it through "equity market turbulence". This should help "invest in growth through enterprise AI innovation and sales expansion."
Stock Surges On ChatGPT Success
The stock skyrocketed in February when users successfully tapped OpenAI's ChatGPT artificial intelligence app to generate answers, texts, emails and even books. AI stock stands to benefit from applications like ChatGPT.
C3.ai provides enterprise AI, which comprises applications for businesses but not consumers. But the company stands to benefit from consumer apps like ChatGPT because the code can be integrated into the C3.ai platform.
The ChatGPT app reached 100 million monthly active users in two months, beating popular apps like TikTok and Instagram. OpenAI's partnership with Microsoft (MSFT) ChatGPT uses natural language to helps users write emails, develop codes and finds answers for daily questions.
The Redwood City, Calif. based company makes AI-enabled software applications that can be configured for different purposes. The software can make networks more reliable, detecting fraud, balancing inventory and demand, solving supply chain issues and increasing energy efficiency. It can also help with anti-money laundering and customer interfacing.
Enterprise CRM systems that use automation to reduce costs and errors benefit from C3.ai products.
AI Stock IPO
AI stock popped on the first day of public listing in December 2020, opening at $42 per share.
The stock rose from 11.19 at the end of 2022 to 30.92 earlier this month, surging over 150% in less than two months. The Composite Rating of 71 falls below the desirable level of 90. The low 44 EPS Rating clearly weighs on the Composite Rating. However, the 98 Relative Strength Rating speaks for itself, highlighting outperformance compared with other stocks in the IBD database.
It has a mediocre "C-" Accumulation/Distribution Rating and mutual funds own only 34% of shares, according to IBD MarketSmith.
According to the CAN SLIM investment strategy, stocks with strong records of sales and earnings growth that offer clear buy points from bases are sound picks. AI stock has broken out of a base on the news. Its earnings remain on watch.
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>>> Why Perion Network Stock Climbed 17% in March
Motley Fool
By Jeremy Bowman
Apr 10, 2023
https://www.fool.com/investing/2023/04/10/why-perion-network-stock-climbed-17-in-march/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
KEY POINTS
The company has emerged as a top performer in the adtech industry.
Its partnership with Microsoft's Bing could unlock more gains.
The stock still looks cheap at a price-to-earnings ratio of 16
.
What happened
Shares of Perion Network (PERI) were gaining in March as the company benefited from the broader recovery in tech stocks and anticipation for the new Bing, which helps Perion because of its strategic partnership with Microsoft.
According to data from S&P Global Market Intelligence, the stock gained 17%. As you can see from the chart below, those gains came primarily in the second half of the month as tech stocks rose broadly in response to falling interest rates.
So what
There was no company-specific news out on Perion, but the stock seems to be picking up momentum after a stellar performance last year and as it gains more recognition thanks to its partnership with Microsoft.
Perion was the only adtech stock on the market to gain last year as the company delivered strong growth on the top and bottom lines and continues to trade at a modest valuation.
In 2022, revenue rose 34% to $640.3 million and adjusted earnings per share jumped 57% to $2.47.
Excitement around the stock also seems to be building as the new Bing, which is powered by ChatGPT, attracted more attention. Perion is a preferred partner of Bing, repackaging ads and adding premium features to them in order to boost clicks and conversions. The current contract between the two companies runs through the end of 2024, but Perion has won accolades from Microsoft, indicating a high likelihood that the partnership will be renewed.
Last year, more than 40% of Perion's revenue came from search, nearly all of that from Bing, and Microsoft's CFO has said that every percentage point of market share that Bing gains would translate into nearly $2 billion of additional revenue for Microsoft, a potential windfall for Perion.
Additionally, the stock got a bullish analyst note as Needham raised its price target from $37 to $42, noting that its productivity trends were tops in the adtech industry in each quarter in 2022 and it expected that trend to continue in 2023. Needham also noted improving revenue per employee, a sign that the company's gaining leverage on the bottom line.
Now what
Even after last month's gains, the stock still looks cheap at a price-to-earnings ratio of 16.
Perion will report first-quarter earnings on May 3. Analysts are expecting revenue to increase 13% to $141.3 million, and for adjusted earnings per share to rise from $0.33 to $0.41. Keep an eye on the earnings report as strong numbers could spark another leg up for the stock.
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C3.ai (AI) - >>> If the AI industry does create $90 trillion in enterprise value by 2030, C3.ai (AI) could be set for explosive growth given the company is valued at just $2.5 billion right now. It's a first-of-its-kind enterprise AI company -- in fact, it pioneered the industry.
https://www.fool.com/investing/2023/04/16/2-ai-stocks-could-share-90-trillion-value-by-2030/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
C3.ai develops AI applications for its business customers, whether they need a ready-made solution or something entirely custom. Those customers operate across 14 industries including oil and gas, manufacturing, healthcare, financial services, and even the U.S. government. By using C3.ai, companies can accelerate their adoption of this advanced technology rather than building it from scratch, which can consume a significant amount of time and resources.
C3.ai's progress in AI is also recognized by some of the world's largest tech giants. It now sells AI applications jointly with Amazon Web Services, Microsoft Azure, and Alphabet's Google Cloud. Those cloud providers use C3.ai to improve their own product offerings to customers. For example, a business can develop AI applications 26 times faster with C3.ai on AWS compared to using AWS alone.
Investors should be aware of a couple of things before buying C3.ai stock. First, its revenue growth has stalled because the company is in the middle of transitioning away from subscription-based pricing to consumption-based pricing. It will eliminate lengthy negotiations and convoluted onboarding processes when acquiring new customers, and C3.ai expects revenue growth to come in at 30% from fiscal 2024 onward.
Second, the company was recently called out by a short seller for discrepancies in its financial statements, mainly relating to how revenue is being recorded. C3.ai hasn't responded yet, and it may feel confident enough in its position that a response isn't warranted, but it's something to be wary of, nonetheless.
C3.ai has been a volatile stock since it listed publicly in December 2020, quickly reaching an all-time high of $161 amid the red-hot tech market. But it has since crashed by 85% as investors began to sour on technology stocks, and because the company failed to deliver on growth expectations. For investors seeking exposure to the potential value creation AI has to offer, and who have an appetite for risk, it might be worth taking a small position in C3.ai stock.
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$AITX Applauds Circadian Risk's Partnership with Setracon Enterprise Risk Management Services
Detroit, Michigan, April 11, 2023 (GLOBE NEWSWIRE) -- Circadian Risk, Inc., a pioneer in enterprise risk analysis SaaS and scenario-based assessment products, today announced a strategic partnership with Setracon Enterprise Risk Management Services(TM), which helps enterprise organizations meet risk process and security management standards. Setracon will adopt the Circadian Risk Enhanced Solutions(TM) software suite, and Setracon Founder and President Jeffrey Slotnick and Chief Security & Technology Officer (CSTO) Michael Keneipp will join the Circadian Risk advisory team.
"Circadian Risk and Setracon share the same mindset about how organizations need to look at risk, and both companies are using technology to transform security assessments into interactive, actionable tools for reducing liability and risk," said Michael Martin, CEO of Circadian Risk.
"Since 2003, Setracon has built software to facilitate risk, threat, and vulnerability assessments and provide senior security executives with analytical data to support critical decision-making," said Slotnick. "After meeting with Circadian Risk, we quickly realized that combining our knowledge and expertise would produce a product that could exceed both companies' present offerings and provide end users with a premium experience."
The newly-formed alliance between Circadian Risk and Setracon was facilitated by Steve Reinharz, CEO of Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), a global leader in AI-driven security and productivity solutions and Mark Folmer, CPP, FSyI, President of Robotic Assistance Devices (RAD), a wholly owned subsidiary of AITX. Both Martin and Slotnick serve on the RAD Board of Advisors.
On January 13, 2023, AITX announced an investment in Circadian Risk, paving the way for possible collaborations with RAD and other non-competitive entities.
Setracon clients will migrate to the Circadian Risk Enhanced Solutions suite, and Slotnick and Keneipp--both certified by Sandia National Laboratories--will help shape the future of the Circadian Risk SaaS offering through consulting and content creation.
"I am excited to see two companies with the same philosophy working together to disrupt the industry by assisting in enhancing standards and regulations, while developing technology to change how risk analysis is done," said Daniel Young, Founder and Chief Innovation Officer of Circadian Risk. "This collaboration will save lives and assets and pave the way for Circadian Risk's True Risk Score(TM)."
The industry-agnostic Enhanced Solutions portfolio allows security, safety, and risk professionals to create fully customizable assessments and risk analysis dashboards and visualizations in near-real time. The tools enable organizations to optimize mitigation plans, manage implementation projects, and validate changes while communicating shifts in dynamic risk levels to executives and employees.
"The joining together of these two organizations is a big win for advancing the risk analysis industry," commented Folmer. "It combines experience, technology, thought leadership, and innovation under one umbrella focused on delivering results for customers in need of dynamic results."
"AITX is thrilled with seeing and supporting Circadian Risk's journey forward," added Reinharz.
"The combination of Circadian Risk and Setracon unites two leaders in a common mission to identify, calibrate, and manage risk," said Gustave Lipman, Chairman of Circadian Risk. "The combination positions Circadian Risk for strong growth among leading and critical sectors."
About Circadian Risk
Circadian Risk is a pioneering developer in dynamic risk analysis SaaS that empowers organizations to control risk through awareness and action. The Enhanced Solutions(TM) suite allows customers to monitor organizational risk; manage multiple threat, hazard, and compliance scenarios; and communicate risk throughout their organization. Offering both online and offline assessments, the software uses a logical, score-based approach to generate interactive dashboards and visualizations--updated in near-real time--and optimize the decision-making process. To learn more, visit www.circadianrisk.com or book a meeting or demo.
About Setracon
Setracon Enterprise Security Risk Management Services(TM) provides consulting and training services to align enterprises with best practices and ANSI, ASIS, and ISO standards in risk management, facility security, and physical asset protection. Setracon experts conduct risk assessments and independent program audits, perform gap analyses and efficiency studies, and develop risk-management plans, policies, and procedures.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. There are no assurances whatsoever that the Company will achieve profitability based on the Company's plans outlined above. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
>>> AI Stocks To Watch As Big Tech Improves Products With Artificial Intelligence
Investor's Business Daily
REINHARDT KRAUSE
04/07/2023
https://www.investors.com/news/technology/artificial-intelligence-stocks/
Artificial intelligence stocks are rarer than you might think amid buzz over chatbot technology such as GPT-4. Many companies tout AI technology initiatives and machine learning. But there really are few public, pure-play AI stocks.
In general, look for AI stocks that use artificial intelligence to improve products or gain a strategic edge. Amid a surge in investor interest in artificial intelligence, be on guard against poor performing companies that tout themselves as plays on AI technology.
Meanwhile, big inflows into the Global X Robotics & Artificial Intelligence ETF (BOTZ) have occurred in 2023.
Chip maker Nvidia (NVDA) at its GTC conference announced a wide-ranging portfolio of AI products, including new graphics processing units, data center hardware, AI software models and AI as a service. NVDA stock belongs to the IBD Leaderboard.
Microsoft (MSFT) continues to leverage its strategic stake in OpenAI as it aims to take on Google-parent Alphabet (GOOGL) in internet search and office productivity tools.
AI Stocks: Generative AI Takes Off
In addition, OpenAI's ChatGPT is only one of many "generative AI" technologies that could roil a host of industries by creating text, images, video and computer programming code on their own. Generative AI technology already is finding applications in marketing, advertising, drug development, legal contracts, video gaming, customer support and digital art.
As software companies integrate generative AI tools into products, their customers will spend more on software, said a Goldman Sachs report. Generative AI will add an incremental $150 billion to the current global software market of $685 billion, the brokerage said.
As of now, analysts say Microsoft seems to be winning a public relations war versus Google on artificial intelligence initiatives and investments.
Meanwhile, OpenAI on March 14 launched its next-generation chatbot technology. It's called GPT-4. The new language model is multi-modal. That means it accepts text, speech, images and video as inputs. IBD readers can check it out at OpenAI's website.
Risk Of Getting Left Behind
Meanwhile, Adobe (ADBE) on March 21 unveiled generative artificial intelligence services for creative professionals and marketers. They include Adobe Firefly, a new family of creative generative AI models focused initially on image generation and text effects.
"Companies who don't truly embrace generative will see their multiple compress by 50% over the next five years," RBC Capital report said in a recent note to clients. "We believe every technology company needs a strategy to truly embrace generative AI, otherwise they will be left behind by those that do."
The report went on to say: "Not only will these companies see market share losses over time, but they will also see multiple compression as investors lose confidence in the ability of those companies to be future-proof."
The generative AI wars are heating up in marketing. Salesforce (CRM) on March 7 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.
Best AI Stock
Bank of America, Morgan Stanley and Barclays tout chip maker Nvidia and Arista Networks (ANET) as top AI stocks. Internet data centers will need more computing power and network bandwidth to process AI workloads.
"We see ChatGPT and the surging AI use cases akin to the 2007 iPhone introduction that expanded the mobile landscape and use cases for consumers and businesses," said a Morgan Stanley report on AI stocks..
Barclays also picks Sprout Social (SPT), Sprinklr (CXM), Iron Mountain (IRM) and Seagate Technology (STX). BofA likes Taiwan Semiconductor Manufacturing (TSMC), Adobe, Shutterstock (SSTK) and online advertising firm Appier Group (APPIF).
Prior to ChatGPT's launch in November, IDC predicted that the conversational AI market will grow at a 37% compound annual growth rate from $3.3 billion in 2021 to just over $16 billion in 2026. Generative AI is expected to impact cybersecurity.
Artificial Intelligence 'Table Stakes'
"We see (generative) AI becoming 'table stakes' for most software companies," Evercore ISI analyst Mark Mahaney said in a report. "This generally favors the bigger companies with deeper pockets and access to more data."
Key to the rise of generative AI are improved natural language processing models that help computers understand the way that humans write and speak. OpenAI is part of a wave of NLP startups that includes AI21 Labs, Anthropic, Cohere and others. Anthropic has introduced a competitor to ChatGPT called "Claude."
All AI software needs computing power to find patterns and make inferences from large quantities of data. And the race is on to build AI chips for data centers, self-driving cars, robotics, smartphones, drones and other devices.
In addition, Bank of America is bullish on AI and internet companies.
"Use of AI will be critical driver of all things Internet, including content relevance, ad performance, e-commerce conversion, marketplace efficiency and even customer service," BofA analyst Justin Post said in a recent note to clients.
Despite the banking crisis, venture capital is flowing to AI startups. Andreessen Horowitz led a $150 million funding round for Character.AI, which now has a valuation over $1 billion.
Meanwhile, AI startup Adept recently raised $350 million, also at a valuation over $1 billion. Adept has studied how humans use computers — from browsing the internet to navigating a complex enterprise software tool — to build an AI model that can turn a text command into sets of actions.
Federal Trade Commission chair Lina Khan on March 27 said her agency would protect AI startups from big-tech companies aiming to block new entrants. At a antitrust conference, Khan said the FTC would ensure that startups can compete in the AI industry.
Nvidia Among AI Stocks To Watch
Cloud service providers are expected to hike investments in artificial intelligence technology. Nvidia beat Wall Street's estimates for its fiscal fourth quarter as data center chip sales rose 11% to $3.62 billion.
Nvidia provides software development tools to build artificial intelligence applications. Rival Intel (INTC), meanwhile, aims to catch up in AI development tools.
Nvidia faces more competition from AI chip startups Cerebras, Sambanova and Graphcore. Advanced Micro Devices (AMD) is ramping up AI initiatives as well.
Some companies have been aggressive making AI acquisitions. IBM (IBM) has bought at least five artificial intelligence companies since mid-2020. They include Databand.ai, Turbonomic, ReaQta, MyInvenio and WDG Automation.
Alphabet's Acquisition
Alphabet recently acquired Alter for $100 million, an AI avatar startup that enables brands and creators to express virtual identities. The acquisition is aimed at helping Google ramp up its content offerings and compete with other platforms like TikTok.
For many companies, gaining an edge with AI requires ongoing investments in compute, networking and data center infrastructure.
AI usage is exploding in facial and voice recognition technology, medical diagnostics, algorithmic trading, and automated customer service bots.
The top artificial intelligence stocks to buy span chip makers, enterprise software companies and technology giants that utilize AI tools in many applications. Think of cloud computing giants Amazon.com (AMZN), Microsoft and Google.
Tech Giants Among Best Artificial Intelligence Stocks
Also, cloud computing giants sell AI analytical services to business customers.
Amazon itself uses AI to customize online retail offerings and recommend products to website visitors. The e-commerce behemoth also uses robotics and AI at its fulfillments centers.
Further, Amazon leverages AI in retail stores, noted a recent Monness, Crespi, Hardt and Co. report to clients. More than 30 Amazon Fresh U.S. stores, over 25 Amazon Go U.S. stores and two Whole Foods Market stores use Just Walk Out payment technology.
Google, of course, uses AI to better parse complex search prompts, helping it to deliver relevant advertising and web results. Plus, Google uses AI tools in digital advertising.
Meanwhile, Salesforce rolled out new AI-based tools at its Dreamforce customer conference in September.
Top AI Stock: Software Market Key
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 modernize software.
Amid a shortage in software engineers, low-code programming tools are making it easier for business units to develop AI applications. DataRobot is part of a new wave of AI startups bringing low-code tools to market.
Meanwhile, Snowflake (SNOW) and startups such as Databricks aim to shake up the database market with lightning-fast analysis of "unstructured data" gathered from sensors. One example would be streaming video.
Databricks announced new contributions to multiple opensource projects at its recent AI Summit
Still, corporate adoption of AI technologies is nascent. The majority of organizations are still experimenting with AI technology, said an Accenture (ACN) study. Only 12% are using AI tools at a maturity level that achieves a strong competitive advantage, according to Accenture.
But the AI software market is expected to jump 21.3% to $62.5 billion in 2022, forecasts market research firm Gartner. The research group adds the worldwide AI semiconductor market will grow to more than $70 billion by 2025, up from $23 billion in 2020.
Artificial Intelligence Stocks: IBM Sells Watson Health
Not every effort succeeds. IBM (IBM) in January sold off Watson Health to private equity firm Francisco Partners. The deal reportedly came in above $1 billion. But IBM had invested much more in Watson. Despite the Watson setback, IBM continues to acquire AI startups.
AI tools are playing a big role in Facebook-parent Meta Platforms (META) legacy business and new initiatives. As it moves into the "metaverse," Meta said it has built a new artificial intelligence supercomputer. Called the AI Research Supercluster, the Meta computer uses chips from Nvidia.
Also, Apple (AAPL) continues to build up artificial intelligence assets. It hired former Google scientist Samy Bengio, who left the internet search giant amid turmoil in its artificial intelligence research department.
Artificial Intelligence Stocks Span Chips, Software, Internet Giants
Meanwhile, Microsoft in April 2021 acquired speech recognition software maker Nuance Communications (NUAN), whose artificial intelligence tools are widely used in the health care market. In addition, Microsoft aims to deliver Nuance AI tools to health care customers via its Azure cloud computing platform.
Microsoft, Google and Nvidia have dropped off the IBD Leaderboard, which is IBD's curated list of leading stocks that stand out on technical and fundamental metrics.
AI technology uses computer algorithms. The software programs aim to mimic the human ability to learn, interpret patterns and make predictions.
"Machine learning" is the most widely used form of AI deployed in industries. Machine learning systems use huge troves of data to train algorithms to recognize patterns and make predictions.
"AI workloads are classified as training or inference," Oppenheimer analyst Rick Schafer said in a recent note. "Training is the creation of an AI model through repetitive data processing/learning. Training is compute-intensive, requiring the most advanced AI hardware/software. Generally located in hyperscale data centers, we estimate training total addressable market at $21 billion by 2025."
Software Companies Integrate AI Tools
AI companies to watch include information technology services firms such as IBM, Accenture, and Epam Systems (EPAM).
Research firm IDC estimates that IBM, Accenture and Infosys hold 28% of the $17 billion artificial intelligence IT services market, said a Susquehanna Financial Group report.
In addition, software companies are among artificial intelligence stocks to watch. Many software-as-a-service companies use AI tools.
Bank of America recently upgraded Palantir (PLTR) to buy citing its AI prowess.
Digital media and marketing software maker Adobe at a conference strutted out cloud-based tools that will allow companies to better personalize content for customers on a large scale.
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>>> Better AI Stock: Nvidia vs. Palantir
Motley Fool
By Keithen Drury
Apr 6, 2023
https://www.fool.com/investing/2023/04/06/better-ai-stock-nvidia-vs-palantir/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
KEY POINTS
Nvidia's GPUs can be used in multiple industries, which is both good and bad.
Palantir recently became profitable.
Nvidia's stock is richly valued, even with its recent poor execution.
Each company represents a different way to invest in AI.
Artificial intelligence (AI) has become a massive market theme, and investors are looking at ways to cash in on this trend. There are multiple ways to invest in AI, including application, hardware, and data, making it difficult for investors to narrow down how they want to tackle this investment.
Two different ways to invest in AI are through Palantir Technologies (PLTR), an application play, and Nvidia (NVDA), a hardware company. Both are popular picks in this space, but if I had to choose one, which would it be? Let's find out.
Palantir's platform brings AI to multiple industries
As mentioned above, Palantir is focused on applying AI through its data analytics software. The platform takes in multiple data streams, runs them through its proprietary AI platform, and spits out actionable insights in an easy-to-read dashboard. This platform has applications in multiple fields, including energy efficiency, hospital operations, and stopping money laundering.
Nvidia is a hardware play because training these AI models takes vast computational resources. GPUs (graphics processing units) are the company's primary products and can be used for practically anything computationally intensive, including gaming graphics, training AI models, mining cryptocurrencies, or engineering simulations.
Because Nvidia makes the world's most powerful GPUs, it's a top choice for companies outfitting their data centers to train AI. In fact, 361 of the 500 most powerful computers on Earth use Nvidia components, a testament to its dominance in the field.
However, because Nvidia is exposed to other fields, it isn't an AI pure play, which can be both a benefit and a drawback, depending on how you view it. Right now, it's looking like a drawback.
Nvidia is highly exposed to the PC industry, which crumbled in the past year. Furthermore, the same GPUs used for gaming are also used to mine cryptocurrencies, which is an awful field to sell components to currently. This has wreaked havoc on the company's results, as its gaming segment revenue fell 46% to about $1.8 billion in its 2023 fiscal fourth quarter (ending Jan. 29).
Palantir doesn't see the same weakness, as the demand for its platform has stayed strong, even though enterprise customers haven't been as willing to sign up for expensive software programs due to economic uncertainty. In the fourth quarter, its revenue grew 18% to $509 million, and management gave solid 2023 growth guidance of 16%.
Right now, it's looking like Palantir has the upper hand in its execution, but what about the stocks?
Nvidia's stock is absurdly expensive
Palantir is barely profitable: In the fourth quarter, it posted its first earnings per share (EPS) profit of $0.01 based on generally accepted accounting principles (GAAP). So a valuation metric like price-to-earnings (P/E) is useless in assessing the company's valuation. Likewise, Nvidia is sorting through the lack of demand for gaming GPUs, so its costs aren't optimized, making the P/E ratio bad for it.
However, a price-to-sales ratio makes it easier to understand its historical valuation. Nvidia has been around much longer than Palantir, so there is a larger data set to compare its valuation against. But it doesn't take much investigation to understand why Nvidia's latest price movement is problematic.
At more than 26 times sales, Nvidia is approaching its peak valuation, last reached in late 2021, right before many tech stocks came crashing down. This is a bad omen for Nvidia, as few stocks can live up to the expectations that come with that high a multiple.
On the other hand, Palantir is valued relatively low for a software company at 9 times sales. This leaves plenty of upside for multiple expansions if the company's growth takes off, but insulates the stock from the downside should the market become hostile to tech stocks again.
Nvidia is an excellent company with a strong AI investment, but it's not a good buy at these prices and in the current market conditions. However, should the valuation revert to an average level (anywhere from 10 to 15 times sales), investors should be willing to pick up some shares -- as long as nothing drastic has changed within the business.
In the meantime, Palantir makes a much better AI investment since it is consistently growing and valued cheaply. Moreover, it hasn't even scratched the surface of its potential customer base, so the company has a long growth runway, making it a great buy now.
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>>> $335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot Market
Bloomberg
by Conrad Quilty-Harper
Mar 29, 2023
https://www.msn.com/en-us/money/other/335-000-pay-for-ai-whisperer-jobs-appears-in-red-hot-market/ar-AA19diUQ?OCID=ansmsnnews11
(Bloomberg) -- Everybody is talking about the artificial intelligence behind ChatGPT. Less noticed is a jobs market mushrooming around the technology, where these newly created roles can pay upwards of $335,000 a year.
And for many a computer engineering degree is optional.
They’re called “prompt engineers”, people who spend their day coaxing the AI to produce better results and help companies train their workforce to harness the tools.
Over a dozen artificial intelligence language systems called large language models, or LLMs, have been created by companies like Google parent Alphabet Inc., OpenAI and Meta Platforms Inc.. The technology has moved rapidly from experiments to practical use, with firms like Microsoft Corp. integrating ChatGPT into its Bing search engine and GitHub software development tool.
As the technology proliferates, many companies are finding they need someone to add rigor to their results.
“It’s like an AI whisperer,” says Albert Phelps, a prompt engineer at Mudano, part of consultancy firm Accenture in Leytonstone, England. “You’ll often find prompt engineers come from a history, philosophy, or English language background, because it’s wordplay. You're trying to distill the essence or meaning of something into a limited number of words.”
Phelps, 29, studied history at the University of Warwick near Birmingham, England, before starting his career as a consultant for banks like Clydesdale Bank and Barclays Plc, helping them solve problems around risk and regulations. A talk from the Alan Turing Institute, a UK-government funded institute for artificial intelligence, inspired him to research AI, leading to his role at Accenture.
He and colleagues spend most of the day writing messages or “prompts” for tools like OpenAI’s ChatGPT, which can be saved as presets within OpenAI’s playground for clients and others to use later. A typical day in the life of a prompt engineer involves writing five different prompts, with about 50 interactions with ChatGPT, says Phelps.
It’s too soon to know how widespread prompt engineering is or will become. The paradigm emerged in 2017 when AI researchers created “pre-trained” LLMs, which could be adapted to a wide range of tasks with the addition of a human text input. In the last year, LLMs like ChatGPT have attracted millions of users, who are all engaging in a form of prompt engineering whenever they tweak their prompts.
Companies like Anthropic, a Google-backed startup, are advertising salaries up to $335,000 for a “Prompt Engineer and Librarian” in San Francisco. Automated document reviewer Klarity also in California is offering as much as $230,000 for a machine learning engineer who can “prompt and understand how to produce the best output” from AI tools. Outside of the tech world, Boston Children’s Hospital and London law firm Mishcon de Reya recently advertised for prompt engineer jobs.
It’s now even possible to buy and sell text prompts via the PromptBase marketplace, which also helps people hire prompt engineers to create individual prompts for a fee.
The best-paying roles often go to people who have PhDs in machine learning or ethics, or those who have founded AI companies. Recruiters and others say these are among the critical skills needed to be successful.
“It’s probably the fastest-moving IT market I’ve worked in for 25 years,” says Mark Standen, who runs the staffing business for artificial intelligence, machine learning and automation at Hays in the UK and Ireland. “Salaries start at £40,000, but we’ve got candidates on our database looking for £200,000 to £300,000 a year. Expert prompt engineers can name their price.”
Google, TikTok and Netflix Inc. have been driving salaries higher, but the role is becoming mainstream among bigger companies thanks to the excitement around the launch of OpenAI’s ChatGPT-4, Google Bard and Microsoft’s Bing AI chatbot.
Outside of the tech world, companies in the financial, legal and insurance world are all experimenting with AI tools, which is also driving demand.
Mishcon de Reya recently advertised for a GPT Legal Prompt Engineer to help the firm understand how large language models could be applied to legal problems. The role is about finding out “how good are these models now? And how likely are they to meet any of the use cases?,” says Nick West, a partner and chief strategy officer at the firm. “I want to get on to the front edge of technology and play around with it.”
He cautions that paralegals looking for a step up in income might be disappointed. “We don’t need a £300,000 expert, that’s ludicrous money,” says West.
The industry’s warp-speed growth is already drawing comparisons to blockhain, Non-Fungible Tokens and crypto, which saw a jobs boom in 2021 with many firms offering hefty salaries and bonuses. Tech companies are now adding “AI” to their pitch decks to lure talent who have left or been forced out by jobs cuts in the crypto world. The jobs market may even be getting ahead of the technology.
“That might be a sign of froth,” says Tom Hewitson, founder at labworks.io, a conversation design studio which makes voice-controlled skills for Amazon Alexa in London. “The people best suited to doing this are product designers or business analysts comfortable working with AI who tend to earn £100,000 to £150,000.”
So anyone interested better move fast.
Prompts “are the main way people are interacting with these tools, and therefore being good at that is of high value,” says Adrian Weller, a director of research in machine learning at the University of Cambridge in Cambridge, England. “I wouldn’t be so sure that it will continue for a long time. Don’t dwell too much on the current state of prompt engineering. It’s starting to evolve quite quickly.”
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>>> Palantir Expands Microsoft Cloud Computing Pact To Government Agencies
Investor's Business Daily
REINHARDT KRAUSE
04/05/2023
https://www.investors.com/news/technology/pltr-stock-palantir-expands-microsoft-cloud-computing-pact-to-government-agencies/
Palantir Technologies (PLTR) on Wednesday expanded its cloud computing partnership with Microsoft (MSFT) on federal government contracts. PLTR stock fell on the news as the Nasdaq composite sold off.
In addition, a government procurement arm, FedRAMP, has approved the Palantir cloud service using Microsoft's Azure cloud infrastructure.
"This milestone expands Palantir and Microsoft's strategic partnership from the private sector to the public sector, bringing the best in class cloud components to the federal marketplace," said a Palantir news release.
William Blair analyst Louie DiPalma holds a underperform rating on Palantir stock.
"We do not view the Microsoft Azure partnership as significant," he said in a report. "Palantir already offered its Gotham and Foundry application on Amazon Web Services as a SaaS (software-as-a-service) model."
On the stock market today, PLTR stock fell 4.4% to close at 7.98. Also, Palantir stock has gained 26% thus far in 2023.
PLTR Stock: Big Government Provider
In addition, Palantir gets nearly 60% of revenue from government agencies. They use Palantir software for intelligence gathering, counterterrorism and military purposes. Also, Palantir uses artificial intelligence tools in some products.
Further, PLTR aims to grow its commercial business. The software maker is looking to expand into the health care, energy, automotive and manufacturing sectors.
Also, Palantir's big government business remains key as some large U.S. government contracts are coming up for renewal.
Meanwhile, PLTR stock holds a Relative Strength Rating of 52 out of a best-possible 99, according to IBD Stock checkup.
>>>
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Papillonlyrics, Just curious if there are any AI related stocks that you especially like as long term investments? Or other tech sectors that you like? Thanks.
I have a bunch (link below), but only have a fairly limited knowledge of these sectors. So far I've mainly chosen the stocks with the best 10 year charts :o)
https://investorshub.advfn.com/Elite-Stocks-38031
One promising small cap with an AI angle is Perion Networks (PERI)
Perion - >>> This Ad Tech Stock Could Win Big From Microsoft's ChatGPT Investment <<<
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171243267
Thanks for any ideas :o)
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>>> Elon Musk, tech leaders call for pause in AI race to prevent risk to 'humanity'
by Sheri Walsh
UPI
Mar 29, 2023
https://www.msn.com/en-us/news/technology/elon-musk-tech-leaders-call-for-pause-in-ai-race-to-prevent-risk-to-humanity/ar-AA19f7Bi
March 29 (UPI) -- Hundreds of tech leaders and researchers are warning artificial intelligence labs to immediately stop training AI systems with human-competitive intelligence that "can pose profound risks to society and humanity."
SpaceX founder Elon Musk and hundreds of tech leaders are warning artificial intelligence labs, in an open letter Wednesday, to immediately stop the "out of control" advanced AI race for six months to make sure all systems are safe, or face "profound risks to society and humanity."
The open letter to AI labs was signed Wednesday by Elon Musk, Apple co-founder Steve Wozniak and politician Andrew Yang, in addition to more than 1,300 other big-named tech experts.
The letter blasts AI labs for failing to attain a high level of planning and management, as it called for a pause of "at least 6 months" on the training of "AI systems more powerful than GPT-4."
"Recent months have seen AI labs locked in an out of control race to develop and deploy ever more powerful digital minds that no one -- not even their creators -- can understand, predict, or reliably control," the letter, published by the nonprofit Future of Life Institute, warned.
"Advanced AI could represent a profound change in the history of life on Earth, and should be planned for and managed with commensurate care and resources," the letter said.
The letter also called on governments to step in and issue a moratorium, if AI experiments are not stopped immediately, while creating independent regulators to make sure all future systems are safe.
"Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said.
The letter from tech experts comes two weeks after OpenAI announced GPT-4, the next-generation of AI technology found in chatbot tool, ChatGPT, which is currently used in Microsoft and Google products. Open AI claims GPT-4 can pass a simulated bar exam with a score in the top 10% of test takers.
"Contemporary AI systems are now becoming human-competitive at general tasks," tech leaders warned.
"We must ask ourselves: Should we let machines flood our information channels with propaganda and untruth? Should we automate away all the jobs, including the fulfilling ones? Should we develop nonhuman minds that might eventually outnumber, outsmart, obsolete and replace us? Should we risk loss of control of our civilization?" the letter queried.
OpenAI has posed similar questions about regulating AI systems.
"At some point, it may be important to get independent review before starting to train future systems, and for the most advanced efforts to agree to limit the rate of growth of compute used for creating new models," OpenAI said in a recent statement, to which Wednesday's letter responded:
"We agree. That point is now."
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>>> Microsoft is bringing ChatGPT technology to cybersecurity
Yahoo Finance
by Daniel Howley
March 28, 2023
https://finance.yahoo.com/news/microsoft-is-bringing-chatgpt-technology-to-cybersecurity-153003566.html
Microsoft (MSFT) is bringing OpenAI’s ChatGPT capabilities to its cybersecurity business via its new Microsoft Security Copilot. The software, which was announced Tuesday, is meant to help cybersecurity professionals prevent and detect cyberattacks faster and with greater ease.
“The entire impact of this is to defend the way we've never been able to defend before,” Vasu Jakkal, Microsoft CVP of security, compliance, identity, and management told Yahoo Finance. “You're now going to be able to protect and disrupt attacks when they're happening.”
Security Copilot, Jakkal explained, runs on both OpenAI’s GPT-4 generative AI model and Microsoft’s own security-specific model. The result is an AI bot that allows cybersecurity professionals to do things like quickly pull together information on the latest security incidents in their companies, dig into potential threats, and even quickly look up data on common vulnerabilities and exposures.
In one example, Microsoft showed how Security Copilot can look at a cyberattack to pick apart how the hacker got into a network and onto a victim’s device.
“It’s the first and only generative AI-based, [large language model]-based tool that is out there. It’s one of a kind. This has never happened before,” Jakkal added.
Microsoft says that Security Copilot will allow cybersecurity workers to catch incidents that other approaches may otherwise miss, improve the quality of threat detection, speed up their response, and help them improve their overall security standing.
Microsoft already sells an array of cybersecurity offerings including Microsoft Defender, Microsoft Entra, Microsoft Purview, and Microsoft Sentinel. In January, the company announced that its cybersecurity arm is now a $20 billion a year business.
The tech giant says that Security Copilot will continually improve as it learns from a company’s own data. That data, however, will never be used to teach the broader Copilot algorithm. Meaning a customer’s information will remain its own.
Security Copilot works just like Microsoft’s Bing search engine. Cybersecurity workers type a prompt into a text box, and Security Copilot will fire back a reply based on the app’s available knowledge set.
As with the company’s other generative AI offerings, Microsoft says Security Copilot may provide incorrect answers to prompts, and gives users a means to report them.
The announcement comes just weeks after Microsoft debuted its Microsoft 365 Copilot for its Microsoft 365 productivity suite. That offering allows users to take advantage of Microsoft’ and OpenAI’s AI capabilities to do things like put together a PowerPoint presentation, write up articles in Word, and more.
Microsoft is riding high on its multi-billion investment in OpenAI. The firm, which originally showed off its ChatGPT-powered Bing search engine and Edge browser, is pouring the technology into seemingly all of its products as the AI wars heat up across Silicon Valley.
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In terms of SEO, I don't think that any AI tools will completely change the game. Of course, Ai tools make it easier for domains to pump "new" content for free aside from the time investment required to edit the text. Yet, if everyone was to master using it, thus overflowing the net with optimized content, it will only make the tired-and-true practices all the more relevant.
The three SEO pillars will always halt your progress if you rely solely on AI content - due to the lack of vernaculars and factual writing. In fact, it can lead to you sabotaging your domain's authority factor if you keep posting content without endorsing its relevance in any other way. For example, via effective link-building campaigns, outreach methods, and other forms of signaling Google (or any other browser) that your content makes sense.
$AITX and Robotic Assistance Devices CEO Steve Reinharz Appointed to Security Industry Association Board of Directors
Detroit, Michigan, March 30, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that Steve Reinharz has been appointed to the board of directors for the Security Industry Association (SIA).
Reinharz will join six other security industry professionals while serving a two-year term in support of the association's mission "to be a catalyst for success within the global security industry through information, insight and influence."
"It's an honor to have been nominated and appointed to the SIA board of directors," Reinharz said. "I commend SIA for embracing RAD's vision of an inevitable AI-powered security industry. I look forward to working with this distinguished team of security leaders to help shape and define the future of our industry."
SIA is an industry trade association for global security solution providers, with more than 1,300 member companies representing thousands of security leaders and experts who shape the future of the security industry.
"SIA congratulates Steve Reinharz on joining the SIA Board of Directors," said SIA CEO Don Erickson. "As a recognized innovator in the security industry, SIA appreciates Steve's willingness to share his vision and expertise to benefit SIA."
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
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Steve Reinharz
949-636-7060
@SteveReinharz
Attachment
Artificial Intelligence Technology Solutions, Inc.
>>> Elon Musk's Neuralink Reportedly One Step Closer To Testing On Humans
Slash Gear
by Quentyn Kennemer
3-27-23
https://www.msn.com/en-us/health/other/elon-musk-s-neuralink-reportedly-one-step-closer-to-testing-on-humans/ar-AA198ymy?OCID=ansmsnnews11
Today's generation is closer than any other to living in the cybernetic future that scriptwriters, gaming studios, and dystopian novelists collectively seared into society's conscience. We've long had medical devices like electronic brain implants and pacemakers to help diseased patients better combat pathological disorders and disabilities. Still, certain world visionaries hope to expand the capabilities of devices like these.
For the brain, Elon Musk's Neuralink hopes to develop implantable technology that can directly interface with a patient's neurological system and communicate with external computers. Neuralink is hopeful the technology can eventually help contribute to cures for ailments that can cause blindness and paralysis, among others.
Pursuing the venture since 2016, Neuralink has understandably stumbled over regulatory roadblocks amidst concerns about the safety of its unorthodox approach to medicine. Early animal trials reportedly raised red flags due to alarming mortality rates among test subjects, and controversies surrounding the trial's processes have not helped its cause, causing the food and drug administration to block human trials in the United States earlier in 2022.
However, Reuters reports that Neuralink is looking to take significant steps to solidify its research efforts by approaching the Arizona-based neurosurgery firm Barrow Neurological Institute to explore a partnership to host clinical trials. Barrow boasts as one of the best hospitals for neurology and neurosurgery by publications like Newsweek, which ranked it 10th in the United States and 15th worldwide based on research backed by Statista.
Perhaps the most tricky organs to operate on, ordinary brain surgeries are still considered extraordinary risks, so neither side can afford to step carelessly in this arena. Drawing the ire of animal rights activists is its own excruciating migraine. Still, the stakes are much higher when operating on humans, even when would-be participants sign away their medical protections to join trials like these.
Musk's eventual plans for Neuralink to extend beyond pure health. In addition to stamping out disease, improving cognitive function, and increasing general quality of life, he's hopeful the technology will eventually evolve to allow us to control devices by thought and even upload our memories to the cloud, a future scenario several sci-fi creatives have already dreamed up, for better or worse.
It would be an endearing gift to humanity, to say the least, but one that most can certainly agree shouldn't be rushed out of the lab. For Neuralink to approach any such institution, it must be confident that it'll eventually be able to carry out these trials on human subjects safely.
Despite the hurdles, Musk raised a six-month window for trial approvals back in December 2022. Hence, the timing of today's news surely piques curiosity about the project's rapid movement of late. One major misstep could perpetually harm the technology's future potential, so we'll wait with bated breath to see just how serious Neuralink is about getting the basics right.
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>>> This AI can sketch what you’re picturing from brain waves
Today
3-25-23
by Sara Ruberg and Jacob Ward
https://www.msn.com/en-us/money/other/this-ai-can-sketch-what-you-re-picturing-from-brain-waves/ar-AA1943xc?OCID=ansmsnnews11
Zijiao Chen can read your mind, with a little help from powerful artificial intelligence and an fMRI machine.
Chen, a doctoral student at the National University of Singapore, is part of a team of researchers that has shown they can decode human brain scans to tell what a person is picturing in their mind, according to a paper released in November.
Their team, made up of researchers from the National University of Singapore, the Chinese University of Hong Kong and Stanford University, did this by using brain scans of participants as they looked at more than 1,000 pictures — a red firetruck, a gray building, a giraffe eating leaves — while inside a functional magnetic resonance imaging machine, or fMRI, which recorded the resulting brain signals over time. The researchers then sent those signals through an AI model to train it to associate certain brain patterns with certain images.
Later, when the subjects were shown new images in the fMRI, the system detected the patient’s brain waves, generated a shorthand description of what it thinks those brain waves corresponded to, and used an AI image-generator to produce a best-guess facsimile of the image the participant saw.
The results are startling and dreamlike. An image of a house and driveway resulted in a similarly colored amalgam of a bedroom and living room. An ornate stone tower shown to a study participant generated images of a similar tower, with windows situated at unreal angles. A bear became a strange, shaggy, doglike creature.
The resulting generated image matched the attributes (color, shape, etc.) and semantic meaning of the original image roughly 84% of the time.
While the experiment requires training the model on each individual participant’s brain activity over the course of roughly 20 hours before it can deduce images from fMRI data, researchers believe that in just a decade the technology could be used on anyone, anywhere.
“It might be able to help disabled patients to recover what they see, what they think,” Chen said. In the ideal case, Chen added, humans won’t even have to use cellphones to communicate. “We can just think.”
The results involved only a handful of study subjects, but the findings suggest the team’s noninvasive brain recordings could be a first step toward decoding images more accurately and efficiently from inside the brain.
Researchers have been working on technology to decode brain activity for over a decade. And many AI researchers are currently working on various neuro-related applications of AI, including similar projects such as those from Meta and the University of Texas at Austin to decode speech and language.
University of California, Berkeley scientist Jack Gallant began studying brain decoding over a decade ago using a different algorithm. He said the pace at which this technology develops depends not only on the model used to decode the brain — in this case, the AI — but the brain imaging devices and how much data is available to researchers. Both fMRI machine development and the collection of data pose obstacles to anyone studying brain decoding.
“It’s the same as going to Xerox PARC in the 1970s and saying, ‘Oh, look, we’re all gonna have PCs on our desks,’” Gallant said.
While he could see brain decoding used in the medical field within the next decade, he said using it on the general public is still several decades away.
Even so, it’s the latest in an AI technology boom that has captured the public imagination. AI-generated media from images and voices to Shakespearean sonnets and term papers have demonstrated some of the leaps that the technology has made in recent years, especially since so-called transformer models have made it possible to feed vast quantities of data to AI such that it can learn patterns quickly.
The team from the National University of Singapore used image-generating AI software called Stable Diffusion, which has been embraced around the world to produce stylized images of cats, friends, spaceships and just about anything else a person could ask for.
The software allows associate professor Helen Zhao and her colleagues to summarize an image using a vocabulary of color, shape and other variables, and have Stable Diffusion produce an image almost instantly.
The images the system produces are thematically faithful to the original image, but not a photographic match, perhaps because each person’s perception of reality is different, she said.
“When you look at the grass, maybe I will think about the mountains and then you will think about the flowers and other people will think about the river,” Zhao said.
Human imagination, she explained, can cause differences in image output. But the differences may also be a result of the AI, which can spit out distinct images from the same set of inputs.
The AI model is fed visual “tokens” in order to produce images of a person’s brain signals. So instead of a vocabulary of words, it’s given a vocabulary of colors and shapes that come together to create the picture.
But the system has to be arduously trained on a specific person’s brain waves, so it’s a long way from wide deployment.
“The truth is that there is still a lot of room for improvement,” Zhao said. “Basically, you have to enter a scanner and look at thousands of images, then we can actually do the prediction on you.”
It’s not yet possible to bring in strangers off the street to read their minds, “but we’re trying to generalize across subjects in the future,” she said.
Like many recent AI developments, brain-reading technology raises ethical and legal concerns. Some experts say in the wrong hands, the AI model could be used for interrogations or surveillance.
“I think the line is very thin between what could be empowering and oppressive,” said Nita Farahany, a Duke University professor of law and ethics in new technology. “Unless we get out ahead of it, I think we’re more likely to see the oppressive implications of the technology.”
She worries that AI brain decoding could lead to companies commodifying the information or governments abusing it, and described brain-sensing products already on the market or just about to reach it that might bring about a world in which we are not just sharing our brain readings, but judged for them.
“This is a world in which not just your brain activity is being collected and your brain state — from attention to focus — is being monitored,” she said, “but people are being hired and fired and promoted based on what their brain metrics show.”
“It’s already going widespread and we need governance and rights in place right now before it becomes something that is truly part of everyone’s everyday lives,” she said.
The researchers in Singapore continue to develop their technology, hoping to first decrease the number of hours a subject will need to spend in an fMRI machine. Then, they’ll scale the number of subjects they test.
“We think it’s possible in the future,” Zhao said. “And with [a larger] amount of data available on a machine learning model will achieve even better performance.”
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Name | Symbol | % Assets |
---|---|---|
Fanuc Corp | 6954 | 8.05% |
NVIDIA Corp | NVDA | 7.61% |
ABB Ltd | ABBN | 7.58% |
Keyence Corp | 6861 | 7.18% |
Intuitive Surgical Inc | ISRG | 7.08% |
Renishaw PLC | RSW.L | 5.31% |
Brooks Automation Inc | BRKS | 5.01% |
YASKAWA Electric Corp | 6506 | 4.63% |
Tecan Group Ltd | TECN | 4.33% |
Daifuku Co Ltd | 6383 | 4.22% |
Name | Symbol | % Assets |
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Meituan | 03690 | 4.23% |
Qualcomm Inc | QCOM | 4.11% |
Samsung Electronics Co Ltd | 005930.KS | 3.84% |
NVIDIA Corp | NVDA | 3.01% |
ServiceNow Inc | NOW | 2.98% |
Tencent Holdings Ltd | 00700 | 2.89% |
Alphabet Inc A | GOOGL | 2.85% |
Salesforce.com Inc | CRM | 2.83% |
Shopify Inc A | SHOP.TO | 2.79% |
Siemens AG | SIE.DE | 2.76% |
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