Author: Advanced AI Bot

AI chatbots have been rolled out across hundreds of white-collar workplaces, but on average, their effect on hours and pay has been negligible, according to a National Bureau of Economic Research working paper linking AI use to corporate records in Denmark. On average, employees saved 3% of their time, while just 3%-7% of their productivity gains came back to them in the form of higher pay. Since OpenAI rolled out ChatGPT just over two years ago, AI chatbots have become the fastest-adopted technologies in history, rivaling the PC three decades ago. Their popularity has created and destroyed entire job descriptions…

Malevolent trading practices aren’t new. Struggles against insider trading, as well as different forms of market manipulation, represent a long-running battle for regulators. In recent years — however — experts have been warning of new threats to our financial systems. Developments in AI mean that automated trading bots are not only smarter, but they’re more independent too. While basic algorithms respond to programmed commands, new bots are able to learn from experience, quickly synthesise vast amounts of information, and act autonomously when making trades. According to academics, one risk scenario involves collaboration between AI bots. Just imagine: hundreds of AI-driven…

(Bloomberg) — OpenAI is rolling out a new artificial intelligence agent for ChatGPT users that’s designed to help streamline software development as the company pushes into a crowded market of startups and large tech firms offering AI tools for coders. Most Read from Bloomberg The agent, called Codex, will be able to write software features, fix bugs and run tests, the company said in a blog post Friday. Codex, which is still in the early stages and has limited functionality, is geared towards workers with some technical knowledge and will first be released as a “research preview” to paid ChatGPT…

Analysts at Bank of America are bullish on chip stocks like Nvidia as mega-projects in the Middle East highlight long-term demand for AI computing. Also bolstering the case for the stocks is the emergence of AI chips as the new “coin of the realm,” serving as currency in geopolitical talks. AI chips, such as the graphics processing units that are critical to Nvidia’s success, have become so important globally they are like a form of currency in geopolitical talks on trade, according to analysts at Bank of America. That’s as recent mega-deals point to continued demand for AI computing power.…

(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang expressed confidence in his company’s trade partners and said there’s no evidence of its prized semiconductors being diverted to the Chinese market. Most Read from Bloomberg Nvidia’s hardware is too large to be easily smuggled across borders and its customers are aware of the rules and self-monitoring, Huang told Bloomberg News on Saturday in Taipei. Its latest flagship products are sold as multimillion-dollar integrated systems, which can contain as many as 72 graphics processing units and 36 processors. The Biden administration set up so-called AI diffusion rules to prevent shipments to…

Call center software provider Five9 (NASDAQ: FIVN) reported Q1 CY2025 results beating Wall Street’s revenue expectations , with sales up 13.2% year on year to $279.7 million. The company expects next quarter’s revenue to be around $275 million, close to analysts’ estimates. Its non-GAAP profit of $0.62 per share was 27.9% above analysts’ consensus estimates. Is now the time to buy FIVN? Find out in our full research report (it’s free). Revenue: $279.7 million vs analyst estimates of $272.5 million (13.2% year-on-year growth, 2.6% beat) Adjusted EPS: $0.62 vs analyst estimates of $0.48 (27.9% beat) Adjusted Operating Income: $40.31 million…

Digital transformation consultancy Grid Dynamics (NASDAQ:GDYN) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 25.8% year on year to $100.4 million. The company expects next quarter’s revenue to be around $101 million, close to analysts’ estimates. Its non-GAAP profit of $0.11 per share was 28.7% above analysts’ consensus estimates. Is now the time to buy GDYN? Find out in our full research report (it’s free). Revenue: $100.4 million vs analyst estimates of $98.44 million (25.8% year-on-year growth, 2% beat) Adjusted EPS: $0.11 vs analyst estimates of $0.09 (28.7% beat) Adjusted EBITDA: $14.61 million vs analyst estimates of…

(Bloomberg) — President Donald Trump’s flurry of artificial intelligence deals during his tour of the Middle East is opening a rift within his own administration as China hawks grow increasingly concerned the projects are putting US national security and economic interests at risk. Most Read from Bloomberg The Trump team has worked out agreements for parties in Saudi Arabia to acquire tens of thousands of semiconductors from Nvidia Corp. and Advanced Micro Devices Inc., while shipments to the United Arab Emirates could top a million accelerators — mostly for projects involving or owned by US companies. Such chips are used…

OpenAI announced on Friday it’s launching a research preview of Codex, the company’s most capable AI coding agent yet. Codex is powered by codex-1, a version of the company’s o3 AI reasoning model optimized for software engineering tasks. OpenAI says codex-1 produces “cleaner” code than o3, adheres more precisely to instructions, and will iteratively run tests on its code until passing results are achieved. The Codex agent runs in a sandboxed, virtual computer in the cloud. By connecting with GitHub, Codex’s environment can come preloaded with your code repositories. OpenAI says the AI coding agent will take anywhere from one…

IBM (IBM, Financials) handed off repetitive HR work to AIand used the savings to hire more people where it counts: engineers, marketers, and sales staff. CEO Arvind Krishna said IBM’s AI tool, AskHR, now takes care of the small stuffapproving vacations, answering pay questionsthings that don’t need a human touch. And while hundreds of HR jobs were phased out, IBM didn’t shrink. It actually grew to 270,300 employees in 2024. The new hires? People who solve problems, think creatively, and work with customersstuff machines still can’t do well. Another AI tool, AskIT, helped lighten the load on IBM’s tech support…