AI_Dig Weekly
As of the close on July 21, the concept of AI fell by 2.66% in the past five trading days.
1.$NVIDIA Corp(NVDA)$ , down 2.55% over the past 5 sessions.
$NVDA is nearing a deal to acquire a stake in Lambda Labs, according to people familiar with the matter. The deal, which could include $300 million in new capital, follows Nvidia's acquisition of a similar stake in Lambda rival CoreWeave.
According to the data, Lambda labs is an American AI cloud service provider. Before April this year, it received a financing of more than 40 million US dollars, including investment from OpenAI co-founder Greg Brockman. Although the scale of Lambda labs is small, they claim to be able to provide the computing resources of Nvidia A100 and H100 with the lowest price in the world. Customers include Intel, Microsoft, Amazon Research, Kaiser Medical, MIT, Stanford, Harvard, Caltech, and the Department of Defense.
Investors will be hoping for strength from Nvidia as it approaches its next earnings release. The company is expected to report EPS of $2.06, up 303.92% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $11.02 billion, up 64.35% from the prior-year quarter.
2. $Palantir Technologies Inc.(PLTR)$ maintains a positive return of +0.18% on last week.
Palantir stock gained 3.9% on Tuesday and reached 2023 highs during Wednesday trading. On last Tuesday, Palantir announced a new partnership with software provider SpecterOps. The latter’s BloodHound Enterprise software is a cybersecurity tool that equips government agencies with the ability to quickly respond to attacks on their active directories (AD).
This announcement comes just a week after Palantir announced a separate partnership with Carahsoft Technology to distribute its Apollo platform to more state and local governments. Notably, Palantir receives nearly 60% of its revenues from government agencies.
The subsequent earnings shall be reported on August 7, 2023, where the revenue is expected to be $531.546 Million, while the earnings are estimated to be around $0.05 per share. The (ttm) revenue is $1.98 Billion, while the year-over-year (YoY) quarterly revenue growth is 17.70%.
3. $C3.ai, Inc.(AI)$, a Rising Star or Supernova?
C3 AI (AI) has been on a tear in the public markets this year, up a staggering 260% year to date.
Despite the soaring stock price and famous CEO-founder, tech analysts have worries about the 14-year-old company that range from the way its executives count customers to its churning of CFOs.
In fiscal fourth quarter 2023, C3 generated $72.4 million, primarily from subscription revenue, and reported a GAAP net loss per share of $0.58.
Considering the company's 3 year flat revenue growth to 266.19 Million, with a wrong direction of losing more operating income this quarter(-199 Million), even the downside of cashflows(-895.62Million) in 3 Years investors need to expect the future products performance starting next year.
Regarding Chatgpt concent, Except for $C3.ai, Inc.(AI)$ , $LivePerson(LPSN)$ , and $Buzzfeed(BZFD)$ , most of the other stocks showed downward adjustments in the past five trading days. Below are some tops news related to Big AI companies.
1. $Microsoft(MSFT)$ stock pops after it announces $30 per month A.I. subscription for Microsoft 365.
The company will charge users an additional $30 per month for the use of generative AI with tools such as Teams, Excel and Word. Adding on the subscription to Copilot, a generative AI assistant that works across Microsoft 365 programs, could increase monthly prices for enterprise customers as much as 83%.
According to market comments, Microsoft Ofiice currently has about 250 million users worldwide. According to $360 per year per person, and only a 10% penetration rate, it can also bring a great increase in revenue. Microsoft is also continuing to grow its Office software suite to make it more attractive to businesses looking to incorporate artificial intelligence into their workflows.
2. $Alphabet(GOOG)$ testing AI tool that writes news articles
The product, known as Genesis, uses AI technology to absorb information such as details of current events and then create news stories. The tool was pitched to the New York Times, the Washington Post, and the Wall Street Journal’s owner, News Corp as a “helpmate”, according to the New York Times.
Google said it was in the early stages of exploring the AI tool, which it said could assist journalists with options for headlines or different writing styles. It stressed that the technology was not intended to replace journalists.
In a report last month, the accounting group KPMG estimated that 43% of the tasks performed by authors, writers and translators could be carried out by AI tools.
3. $Meta Platforms, Inc.(META)$ launches Llama 2 open-source LLM
Meta has introduced Llama 2, an open-source family of AI language models which comes with a license allowing integration into commercial products.
The Llama 2 models range in size from 7-70 billion parameters, making them a formidable force in the AI landscape.
According to Meta’s claims, these models “outperform open source chat models on most benchmarks we tested.”
4. $Netflix(NFLX)$ 's second-quarter EPS beats Wall Street analysts' expectations
American video streaming service provider Netflix announced the company's Q2 financial report which far exceeded expectations.
Revenue in the second quarter was $8.187 billion, an increase of 2.7% compared with $7.970 billion in the same period last year;
net profit was $1.488 billion, an increase of 3.3% compared with $1.441 billion in the same period last year;
diluted earnings per share were US$3.29, which was US$3.20 in the same period last year.
Since the beginning of this year, Netflix has edited and edited movies and TV shows through AI, produced cartoons through AI tools, and so on. Netflix is the latest company to harness the power of artificial intelligence technology to elevate itself and stay ahead of the competition. Bank of America Securities Raises Netflix (NFLX.US) Target Price to US$525, Rating "Buy"
5. $Apple(AAPL)$ is testing an AI-powered chatbot that engineers refer to as Apple GPT
According to Bloomberg, The chatbot is understood to have the potential to challenge ChatGPT, but Apple has not released a clear plan on releasing the technology to consumers. The chatbot operates from an AI model called Ajax. Apple chief executive, Tim Cook, recently said the company was “looking closely” at AI technology.
Comments