![]() ![]() ![]() Shares of the chip-making giant have surged 200% so far this year, allowing the company to cross $1 trillion in market cap. One of the biggest beneficiaries of investors’ increasing enthusiasm for AI today is Nvidia. Morgan Stanley analyst Brian Nowak has an Overweight rating on Alphabet and a price target of $140 - around 14% above where the stock currently sits. “We've since added our PaLM model to make it even more powerful, and Bard can now help people with programming and software development tasks, including code generation.” “In March, we introduced our experimental conversational AI service called Bard,” Alphabet CEO Sundar Pichai said in an earnings conference call in April. But Alphabet is not standing still - the company is also advancing its own AI products. Some consider the increasing popularity of ChatGPT a threat to Alphabet's business. Shares plunged 39% in 2022 but have surged 38% so far in 2023. Indeed, Microsoft Azure - the software giant’s cloud computing arm - is OpenAI’s exclusive cloud provider.Ĭommanding a market cap of over $1.5 trillion, Alphabet is another tech behemoth. The company has made notable investments in OpenAI, whose chatbot ChatGPT has taken the internet by storm.ĭuring the company’s latest earnings conference call, Microsoft CEO Satya Nadella said, “The age of AI is upon us, and Microsoft is powering it.” It’s hard to discuss AI stocks without mentioning Microsoft these days. Here’s a look at three of them - Wall Street also sees upside in this trio. Several publicly traded companies have already launched popular products in the AI arena. French public sector investment bank Bpifrance and former Google CEO Eric Schmidt are also shareholders of the company.ĭon't miss: This Startup Invented Programmable, Drinkable Plastic That Dissolves In Water In 60 Hoursīut you don’t have to be a big investor to get in the game. Mistral AI’s financing round was led by venture capital firm Lightspeed Venture Partners. Mensch also noted the support of “a consortium of top-tier international investors.” Mistral AI Co-Founder and CEO Arthur Mensch said in a LinkedIn post that this financing round will give the company “the resources and network we need to start rolling out a new model of generative artificial intelligence, combining scientific excellence, an open-source approach and a socially responsible vision of technology.” Sources close to the company said that the first funding round gives Mistral AI a valuation of €240 million ($260 million), the Financial Times reported. Even though the company hasn’t developed its first product yet, it has already raised €105 million ($113 million) in its seed round. Just take a look at Mistral AI, a French startup founded last month by former AI researchers from Google DeepMind and Meta Platforms Inc. Artificial intelligence (AI) has become the hottest trend in the tech sphere, and investors aren’t hesitant about spending big money to get into the game. ![]()
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