Author: Advanced AI Editor
Former Google CEO Eric Schmidt said he doesn’t believe AI is a bubble. He thinks of it as a “whole new industrial structure.”Shahar Azran/Getty Images Former Google CEO Eric Schmidt doesn’t think the AI industry is a bubble. He thinks of it as a “whole new industrial structure.” At the RAISE Summit in Paris, Schmidt acknowledged that much of what he hears from AI executives is “classic bubble.” Looking at the chip market, Schmidt said he sees reason for confidence in AI’s continued expansion. Eric Schmidt took over as Google’s CEO in the midst of the dot-com bubble burst. He…
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s market value closed above $1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence demand. Most Read from Bloomberg The main supplier of chips to Apple Inc. and Nvidia Corp. saw it Taiwanese shares climb to a record high on Friday, a near 50% rise from an April low. That has made it the first Asian stock worth more than $1 trillion, since PetroChina Co. briefly reached the milestone in 2007. TSMC’s stock surge reflected growing investor confidence that the world’s top chipmaker will…
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how C3.ai (NYSE:AI) and the rest of the data infrastructure stocks fared in Q1. Generating insights from system level data is an increasing priority for most businesses, but to do so requires connecting and analyzing piles of data stored and siloed in separate databases. This is the demand driver for cloud based data infrastructure software providers, who can more readily integrate, distribute and process information vs. legacy on-premise software providers.…
Analysts reboot IBM stock price target ahead of earnings originally appeared on TheStreet. Big Blue is making a quantum leap — for real. International Business Machines (IBM) , which once held most of the world’s stored data on punch cards, has been making its presence felt in the world of quantum computing. 💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter 💰 Quantum computing, by the way, uses the principles of quantum mechanics to solve complex problems that would drive classical computers stark raving goofy. And these mighty machines are mighty fast. A human would have to perform one sum every…
(Bloomberg) — Aggressive spending on artificial intelligence is mostly being rewarded in the stock market these days. But when it comes to Amazon.com Inc., not so much. Most Read from Bloomberg Amazon’s shares have gained about 3% this year despite the company’s heavy outlays on AI, which it is touting as a path to greater efficiency and higher sales growth. That’s left the stock lagging the S&P 500’s 7.1% gain, while a peer like Meta Platforms Inc., which is sparing no expense in its quest for AI dominance, is up more than 20%. “The stock isn’t getting much credit for…
(Bloomberg) — The biggest and most closely watched US power auction is set to offer an early glimpse of what the AI boom will cost consumers. Most Read from Bloomberg PJM Interconnection LLC, which operates the largest US grid and is home to the biggest concentration of data centers in the world, is scheduled to release the results of its annual power sale Tuesday. The auction, which determines how much generators will get paid for generating capacity at new and existing power plants, is also an indicator of how high consumer utility bills will be. Last year PJM procured supplies…
Stock markets are shrugging off big macroeconomic risks.Angela Weiss/AFP/Getty Images Stock markets are at records despite macroeconomic risks. Investors are cautious about President Donald Trump’s tariff threats and global economic issues. Momentum and AI hype drive tech gains, while Fed rate cuts support stock growth. Stock markets are shrugging off major risks and smashing records — so much so that even seasoned investors are scratching their heads. On Friday, the S&P 500 and Nasdaq 100 closed little changed after notching record highs on Thursday. Both indexes are hovering near the all-time highs they reached earlier this month, continuing a rebound…
Image Credits:Ben Sanders “My whole life has been preparing me for this moment,” Ben Sanders said when asked about why he launched his emergency response startup Hyper. The company announced Monday a $6.3 million seed round led by Eniac Ventures, as well as an official emergence from stealth. As a child, he so wanted to become a police officer that he had his mother sew yellow stripes on his navy sweatpants. He wore that with an officer’s rain hat for an entire year. As he grew up, he worked at the intersection of tech and government and once ran for…
Image Credits:Betaworks New York City-based Betaworks has closed its $66 million Fund III, which will focus on investing in early-stage AI companies. Betaworks has been investing in AI since at least 2016 and, through its investment program Camp, has backed companies such as Huggingface and Granola. Jordan Crook, a partner at the firm (and former TechCrunch employee), said the new fund will focus on agents, native AI interfaces, and application-layer AI. “Around these themes, we will continue to do straight seed investing and the Betaworks Camps,” Crook said. Fund III will seek to invest in at least 25 pre-seed to…
Mixus co-founders. Left: Shai Magzimof. Right: Elliot Katz. | Image Credits:Mixus AI companies are pushing agents as the next Great Workplace Disruptor, but experts say they’re still not ready for prime time. AI agents often struggle to make decisions by themselves, hallucinate frequently, can’t cooperate with other agents, fail at confidentiality awareness, and integrate poorly with existing systems. Industry pioneers like Andrej Karpathy and Ali Ghodsi have said that, like the deployment of autonomous vehicles, humans need to be in the loop in order for agents to succeed. A startup called Mixus wants to address that with its AI agent…