Author: Advanced AI Bot

Scott Solomon’s avatar features in a video developed by UBS for an internal audience.UBS UBS is using AI to create avatar videos from analysts’ notes. 36 analysts covering a range of sectors are taking part in the Swiss bank’s initiative. UBS told Business Insider that clients have been seeking more video options. Banks are using AI to save their analysts’ time while giving clients what they want. Bank of America uses “Banker Assist” to aggregate information to offer insights unique to each client, while Goldman Sachs has a “GS AI Assistant” that functions as an in-house ChatGPT for staff. Swiss…

May 23 – Ken Gawrelski at Wells Fargo downgraded Reddit (NYSE:RDDT) to Hold, warning that Google’s (NASDAQ:GOOGL) AI-powered search features mark the beginning of the end for the social media site. The analyst had maintained a bullish view just two weeks earlier, making his abrupt turnaround notable. He flagged Google’s AI Overviews and AI Mode, which deliver direct, summarized answers and could cut clicks to Reddit’s posts. E-A-T standards in Google’s algorithm may further diminish the visibility of anonymous contributions. Logged-out users account for about half of Reddit’s audience but generate only around 15% of ad revenue, leaving the platform…

As April showers brought May flowers, they also brought a whole new wave of AI-centric M&A. Consider the snowballing deal count: On May 5, reports emerged that OpenAI is acquiring AI coding startup Windsurf in a deal worth $3 billion. That day, Upstarts Media was the first to report Databricks was acquiring open source database company Neon for $1 billion. The Databricks-Neon deal was then confirmed last week, as Salesforce almost simultaneously announced plans to acquire Convergence.ai, an agentic AI startup out of London, for undisclosed financial terms. And then yesterday, a veritable blockbuster—OpenAI announced its intention to acquire Apple…

Good morning. As investment in AI accelerates, CEOs expect their CFOs to play central roles in leading the strategy. Finance leaders should treat enterprise AI oversight as a “proof of concept”—carefully assessing potential impacts and investments, tracking outcomes, managing risks, and regularly evaluating whether to continue the initiatives, Marco Steecker, a senior director and analyst at Gartner, explained earlier this week at the firm’s annual CFO conference. I brought up this topic during my conversation with Josh Schwartz, SVP and CFO of Medidata Solutions, a SaaS platform provider for clinical trials in the life sciences. Schwartz recently took over Medidata’s…

As major AI players waver due to valuation and demand concerns, investors are looking for relatively under-the-radar tech stocks for growth potential. IBM has been gaining ground as the company plans new strategies for a turnaround. The stock is up 16% so far this year. Wamsi Mohan, Bank of America Global Research senior IT hardware analyst, said in a recent program on CNBC that he believes International Business Machines Corporation (NYSE:IBM) has the ability to meet its targets and called the pullback the company faced “transitory.” “They’ve divested a lot of assets that were not growing, they’ve invested in assets…

(Bloomberg) — Apple Inc. is aiming to release smart glasses at the end of next year as part of a push into AI-enhanced gadgets, but it has shelved plans for a smartwatch that can analyze its surroundings with a built-in camera. Most Read from Bloomberg Company engineers are ramping up work on the glasses — a rival to Meta Platforms Inc.’s popular Ray-Bans — in a bid to meet the year-end 2026 target, according to people with knowledge of the matter. Apple will start producing large quantities of prototypes at the end of this year with overseas suppliers, said the…

Anthropic’s new flagship AI model, Claude Opus 4, is a strong programmer and writer, the company claims. When talking to itself, it’s also a prolific emoji user. That’s according to a technical report Anthropic released on Thursday, a part of which investigates how Opus 4 behaves in “open-ended self-interaction” — i.e. essentially having a chat with itself. In one test that tasked a pair of Opus 4 models with talking to each other over 200, 30-turn interactions, the models used thousands of emojis. Opus 4 sure does like emojisImage Credits:Anthropic Which emojis? Well, per the report, Opus 4 used the…

(Bloomberg) — The Justice Department is probing whether Alphabet Inc.’s Google violated antitrust law with an agreement to use the artificial intelligence technology of a popular chatbot maker, according to people with knowledge of the matter. Most Read from Bloomberg Antitrust enforcers have recently told Google they’re examining whether it structured an agreement with the company known as Character.AI to avoid formal government merger scrutiny, said the people, who asked not to be identified discussing the confidential probe. In a deal with Google last year, the founders of the chatbot maker joined the search firm, which also got a non-exclusive…

(Bloomberg) — With much of the world’s attention on the AI race between the US and China, this week’s Computex conference served as a stark reminder of the central role that Taiwan continues to play in the global technology industry. Most Read from Bloomberg The 2025 edition of Asia’s signature tech gathering didn’t break as much new ground as last year, when Nvidia Corp.’s Jensen Huang unveiled a multi-year roadmap for AI chip design. But it still drew the attention of an industry parsing the fallout from Washington’s campaign to curb Beijing’s tech ambitions in the aftermath of DeepSeek. Here…

Three years ago, as the pandemic caused chaos for companies big and small, Colgate-Palmolive’s chief supply chain officer Luciano Sieber orchestrated a “logistics blitz.” The result gave Sieber a better understanding of how Colgate-Palmolive moves its products around the world. But it stuck Sieber with another problem: too much data. About a year ago, Sieber says he found a solution to that problem with Uber Freight. The ride-hailing service’s long-running logistics and analytics arm has been developing new ways to wrangle large amounts of data by using artificial intelligence. Colgate-Palmolive became one of the first companies to use one of…