Author: Advanced AI Bot

David Paul Morris / Bloomberg / Getty Images Google parent Alphabet’s shares rose Friday following first-quarter results that beat Street expectations. Several analysts raised their price targets for the stock, citing the growth of tools like AI Overviews. Google also “has data and distribution advantages” against generative AI rivals like OpenAI, Bank of America analysts said. Shares of Google parent Alphabet (GOOGL) climbed Friday as several analysts raised their price targets for the stock after the tech giant delivered better-than-expected quarterly results and touted the early success of AI features. Alphabet’s Class A shares were up close to 3% near…

Michael Nagle / Bloomberg via Getty Images The S&P 500 jumped 2.0% on Thursday, April 24, with surging tech stocks and hopes for thawing trade relationships helping drive a third consecutive day of gains. Enterprise software firm ServiceNow posted strong quarterly results, highlighting demand for its AI-enabled products, and its shares pushed higher. Shares of financial technology firm Fiserv dropped as softness in its point-of-sale and payment processing business weighed on results. Major U.S. equities indexes gained ground for the third straight session. Although Trump administration officials have offered mixed comments on trade policy, this week’s rally has coincided with…

Companies like Google and Microsoft have equipped their productivity suites with AI features and assistants, while startups such as ClickUp and ReadAI have focused heavily on building AI integrations and search capabilities. In alignment with this growing trend of infusing digital work suites with AI, Dropbox on Thursday upgraded its AI search tool, Dash, first introduced in 2023. The company is adding AI “understanding” of different types of content in Dash, which means users can search across audio, video, and images in addition to text. The company is also adding people search to let users search for a person who…

Jaque Silva/NurPhoto via Getty Images Vertiv jumped over 13% on Wednesday after a stellar earnings report. The AI data center company cited strong demand for its earnings beat. AI investing has wavered this year amid rising competition. The move: Vertiv Holdings rose as much as 21% on Wednesday, hitting an intraday high of $88.93 per share. The stock is down 29% year-to-date. The chart: Why: The data center firm impressed investors with better-than-expected earnings, rousing hope that artificial intelligence demand is still intact. Vertiv was among the top AI trades of 2024, supplying data centers with equipment to keep AI…

AI-generated code is no doubt changing how software is built, but it’s also introducing new security challenges. More than 50% of organizations encounter security issues with AI-produced code sometimes or frequently, according to a late 2023 survey by developer security platform Synk. For Endor Labs, that opportunity proved alluring enough that it chose to change course somewhat. Endor started off helping companies secure their open source package dependencies — in fact, it even raised a $70 million Series A round just two years ago to grow its developer pipeline governance service. But the startup’s co-founders, Varun Badhwar and Dimitri Stiliadis,…

As an AI engineer at Meta, Boris Valkov helped build PyTorch, one of the world’s largest machine learning libraries. During his time there, Valkov realized that artificial intelligence “was about to unlock capabilities…in the application layer in the software stack.” He left Meta in late 2021 to start Lace AI, a startup that has developed AI-driven customer service software for home service companies. The path to entrepreneurship started when Valkov was a boy, working in the family grocery store business. It taught him the power of telephone customer service. As an adult, he began to look for ways to combine…

Hello and welcome to Eye on AI. In this edition…Trump restricts Nvidia’s H20 exports, but will the policy actually hobble China?…OpenAI contemplates a social network…faster RAG…and dolphin chat. Last week, Nvidia told investors it was taking a $5.5 billion charge to account for the impact of the Trump Administration’s decision to restrict the sale of the company’s H20 chips to China. Nvidia had created the H20 specifically for the Chinese market to get around export controls on Nvidia’s Hopper H100s and H200 chips and its newest Blackwell B100 and B200 chips. (The H20 is slower than an H100 for training…

Atkore, SoundHound AI, Unity, Carvana, and ThredUp Shares Are Soaring, What You Need To Know A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as “unsustainable,” and emphasized that a potential agreement between the two economic powers “was possible.” His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets. The stock market…

Meta is using AI technology to search for kids who are lying about their age on Instagram in order to bypass safeguards, the company announced on Monday. When Meta finds an account that it suspects belongs to a teen, the platform will enroll them into a restricted Teen Account, even if the account lists an adult birthday. Teen Accounts, which launched on Instagram last year, enroll young users into an app experience with built-in protections. The safeguards are applied to teens automatically, and limit who can contact a teen on the app and restrict the type of content the account…

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. In the face of increasing generative AI-based deepfake attacks, banks must fight fire with fire and invest more in artificial intelligence themselves, Federal Reserve Gov. Michael Barr said Thursday. Banks must evolve their use of AI to thwart deepfake attacks with the use of facial recognition, voice analysis and behavioral biometrics, he said during a New York Fed event, and technical solutions can be used to detect subtle inconsistencies that point to the use of AI in audio…