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☆ Morgan Stanley says these stocks will benefit from an A.I. boom
▼ + stars: | 2023-02-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The current buzz surrounding artificial intelligence is here to stay, creating plenty of trading opportunities as the technology grows, according to Morgan Stanley analyst Shawn Kim. However, the hype around generative AI may be justified and the technology feels genuinely exciting," Kim said in a note on Tuesday. Morgan Stanley anticipates that increased demand for computer power needed for AI training will lead to rapidly growing markets for graphics and central processing units. In the generative AI world, "the raw material is data; the user of that material is hyperscale data centers; the enabling workhorse is semiconductors," wrote Kim. GDS "has more balanced exposure to all internet companies," Kim said, adding that its "valuation is more reasonable."

☆ From state media to a Shaolin temple, Baidu's ChatGPT-style bot sees partner rush
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Feb 14 (Reuters) - Chinese organisations, from state media to a Shaolin temple, said on Tuesday they have signed partnerships with Baidu's ChatGPT-style project, ahead of an expected launch next month. The Chinese search engine giant (9888.HK) last week announced that it would complete internal testing of its “Ernie Bot" in March. China's Shaolin Temple, the cradle of Chinese kung fu, said in a statement it would work with Baidu to integrate Ernie into its operations with the purpose of creating an AI-driven content environment. Over a dozen Chinese media outlets also said they had entered tie-ups with Baidu, including the state-owned Shanghai Securities Journal. Baidu's banking joint venture with CITIC (601998.SS), as well as its electric vehicle arm Jidu Auto, also said on Tuesday they would integrate Ernie into their operations.

☆ NBC Sports hopes to make an aggressive bid to bring back the NBA, sources say
▼ + stars: | 2023-02-13 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

Discovery own the NBA rights until the end of the 2024-2025 season — more than two more years from now. Warner Bros. Warner Bros. NBC aired its last NBA games during the 2002 finals, when the Los Angeles Lakers swept the New Jersey Nets. Regular season NBA games across ABC, ESPN and TNT are averaging 1.6 million viewers this season.

☆ Factbox: Chinese tech firms working on ChatGPT-style technology
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +3 min

[1/2] A response in Chinese by ChatGPT, an AI chatbot developed by OpenAI, is seen on its website in this illustration picture taken February 9, 2023. Like Microsoft and Google，Chinese tech giants such as Baidu and Alibaba (9988.HK) as well as smaller start-ups have been working on AI projects for years. The e-commerce giant said large language models and generative AI have been areas of focus since it formed its research institute Damo Academy in 2017. NETEASEGaming firm NetEase (9999.HK) plans to deploy large language models technology to serve its education business, a source familiar with the company told Reuters on Feb. 8. 360 SECURITY TECHNOLOGY INC360 Security Technology Inc (601360.SS) said on Feb. 8 it possessed language model technology but that it could not give a clear indication on when it would launch any related products.

☆ ChatGPT frenzy sweeps China as firms scramble for home-grown options
▼ + stars: | 2023-02-10 | by ( Josh Ye | ) www.reuters.com time to read: +6 min

[1/2] A response in Chinese by ChatGPT, an AI chatbot developed by OpenAI, is seen on its website in this illustration picture taken February 9, 2023. OpenAI or ChatGPT itself is not blocked by Chinese authorities but OpenAI does not allow users in mainland China, Hong Kong, Iran, Russia and parts of Africa to sign up. Dozens of bots rigged to ChatGPT technology have emerged on WeChat, with hobbyists using it to make programmes or automated accounts that can interact with users. ChatGPT supports Chinese language interaction and is highly capable of conversing in Chinese, which has helped drive its unofficial adoption in the country. CENSORSHIPReuters' tests of ChatGPT indicate that the chatbot is not averse to questions that would be sensitive in mainland China.

☆ Chinese A.I. stocks jump on growing ChatGPT interest, state media warns of risks
▼ + stars: | 2023-02-09 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Visitors walk past a stand with AI (artificial intelligence) security cameras using facial recognition technology at the 14th China International Exhibition on Public Safety and Security at the China International Exhibition Center in Beijing in 2018. With growing interest surrounding OpenAI's ChatGPT, stocks related to artificial intelligence listed in mainland China have soared this year – with one company having tripled in valuation since January. Alibaba told CNBC it's working on a rival product similar to ChatGPT, while Baidu announced earlier this week it will launch "Ernie bot," its own artificial intelligence chatbot. Hanwang Technology is up 124% and CloudWalk Technology Company rose 105% as of Wednesday's trading session. "Please pay attention to investors, avoid capital risks, hype, make rational decisions, and invest prudently," it said in a Tuesday filing.

☆ Alphabet slides 9% after a report the tech titan's ad for its new Google AI chatbot Bard had inaccurate information
▼ + stars: | 2023-02-08 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Alphabet stock dropped Wednesday after a report about an inaccuracy in as ad for its new Bard AI chatbot. Reuters reported the Google ad on Twitter offered an incorrect answer related to NASA's James Webb Space Telescope. ChatGPT popularity has launched a race among tech companies to integrate AI chat features into their products. NASA has confirmed European Southern Observatory's Very Large Telescope had taken the first pictures of exoplanets, in 2004, the report said. The report said Google hadn't immediately responded to a comment request.

☆ Here's how tech giants Microsoft, Google, and Baidu are dealing with ChatGPT, and what that could mean for investors
▼ + stars: | 2023-02-08 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

ChatGPT's viral success has caught the eye of big tech companies and investors. Microsoft is working to integrate the bot into its search engine, while Google is scrambling for alternatives. Major tech names like Microsoft, Google parent Alphabet, and Chinese tech giant Baidu have all taken steps in recent weeks to show they're trying to harness the technology underpinning OpenAI's ChatGPT. BaiduChinese search giant Baidu is also working on developing a rival to ChatGPT to use in its services. But analysts generally expect Baidu's bounce to prove short-lived – because so many of its competitors, including Microsoft and Google, are working on similar AI programs.

☆ All you need to know about ChatGPT, the A.I. chatbot that's got the world talking and tech giants clashing
▼ + stars: | 2023-02-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

ChatGPT is an AI chatbot developed by San Francisco-based startup OpenAI. These are tools that allow users to enter written prompts and receive new human-like text or images and videos generated by the AI. With a whopping 175 billion parameters, GPT-3 is one of the largest and most powerful language processing AI models to date. watch nowWhat makes ChatGPT so impressive is its ability to produce human-like responses, thanks in no small part to the vast amounts of data it is trained on. No generative AI application has quite managed to achieve the kind of influence and virality that ChatGPT has.

☆ Alibaba is launching an AI bot to rival ChatGPT, sending its shares up
▼ + stars: | 2023-02-08 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon. It did not share details of when it would launch or what the application would be called. This week, Google (GOOGL) and Chinese search engine giant Baidu (BIDU) both unveiled plans to launch similar services of their own. Bard suffered an embarrassing setback this week, however, after producing an incorrect response during a public demonstration. The company is also investing billions of dollars in OpenAI, the company behind ChatGPT.

His comments renewed investor hopes for less aggressive monetary policy that wavered after a strong U.S. jobs report last Friday. The tech-heavy Nasdaq (.IXIC) rallied on news form Microsoft Corp (MSFT.O), and the S&P 500 (.SPX) also got a boost. Most sectors on the S&P 500 ended higher. So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. The S&P 500 posted 5 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 90 new highs and 31 new lows.

His comments came after a strong jobs report last week stymied rising hopes of less aggressive monetary policy. The Nasdaq and the S&P 500 fluctuated during and after Powell's remarks. Boosting the tech-heavy Nasdaq (.IXIC) and the S&P 500 (.SPX) was Microsoft Corp (MSFT.O). Six of the top 11 sectors on the S&P 500 fell, but technology (.SPLRCT) was among top gainers, up 1.61%. So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv.

Capping declines on the tech-heavy Nasdaq (.IXIC) was megacap Microsoft Corp (MSFT.O). Seven of the top 11 sectors on the S&P 500 were in declines, but technology (.SPLRCT) was among top gainers propped up by Microsoft. Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. But, all three major averages are in the black for 2023, with the Nasdaq (.IXIC) adding over 13%, led by a revival in battered mega-cap growth stocks. So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv.

Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. So far, 272 companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. ET, Dow e-minis were down 108 points, or 0.32%, S&P 500 e-minis were down 7.25 points, or 0.18%, and Nasdaq 100 e-minis were down 1.5 points, or 0.01%. DuPont (DD.N) reversed earlier declines to rise 1.0%, on a higher-than-expected quarterly profit supported by higher pricing for its products. Reporting by Shubham Batra in Bengaluru; Editing by Savio D'Souza and Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

☆ Retail investors flock to small-cap AI firms as Big Tech battles for share
▼ + stars: | 2023-02-07 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Microsoft to secure leadership in the next big driver of growth. The $3-billion AI software firm C3.ai was the fifth most actively traded on Fidelity's platform for small investors on Monday, while drawing record daily retail inflows worth $31.4 million, as per Vanda Research. "Small-cap firms have AI as a much larger part of their business than the larger ones," said Matthew Tuttle, chief executive officer of Tuttle Capital Management on the reason behind retail investors' focus on the smaller firms. SoundHound AI (SOUN.O), which offers a voice AI platform services, and Thailand's security firm Guardforce AI (GFAI.O) have more than doubled so far this year, while analytics firm BigBear.ai gained nine-fold in value. Google-owner Alphabet Inc (GOOGL.O) on Monday said it would launch a chatbot service Bard and more artificial intelligence for its search engine as well as developers.

☆ Baidu to finish testing ChatGPT-style project 'Ernie Bot' in March; stocks rally
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Feb 7 (Reuters) - China's Baidu Inc (9888.HK) said on Tuesday it would complete internal testing of a ChatGPT-style project called "Ernie Bot" in March, as interest in generative artificial intelligence (AI) gathers steam. The news sent search engine giant Baidu's Hong Kong-listed shares up 15.3% on Tuesday. Baidu, China's answer to Google, joined the frenzy on Tuesday. A person familiar with the matter told Reuters last week that Baidu was planning to launch such a service in March. The company has been investing heavily in AI technology, including in cloud services, chips and autonomous driving, as it looks to diversify its revenue sources.

☆ Baidu to finish testing ChatGPT-style project 'Ernie Bot' in March
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +3 min

BEIJING, Feb 7 (Reuters) - China's Baidu Inc (9888.HK) said on Tuesday it would complete internal testing of a ChatGPT-style project called "Ernie Bot" in March, joining a global race as interest in generative artificial intelligence (AI) gathers steam. It has gradually grown to be able to perform tasks including language understanding, language generation, and text-to-image generation, it added. Search engine giant Baidu's Hong Kong-listed shares jumped as much as 13.4% on the news. The company has also worked to add OpenAI's image-generation software to its Bing search engine in a new challenge to Alphabet Inc's (GOOGL.O) Google. The company has been investing heavily in AI technology, including in cloud services, chips and autonomous driving, as it looks to diversify its revenue sources.

☆ The AI war set off by ChatGPT is ramping up and Google stock is poised to spike 21% as it joins the fray, Bank of America says
▼ + stars: | 2023-02-07 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Google is ready for 'battle' in the AI-services space, and the stock could rise by another 21%, says Bank of America. Microsoft and Baidu have joined the race to capitalize off the growing hunt for AI tools set off by ChatGPT. Google introduced its Bard AI service on Monday. Google introduced Bard on Monday, with CEO Sundar Pichai describing it as "an experimental conversational AI service" - which sounds much like ChatGPT, which launched in November. "Per industry experts … Google may have more data to access than ChatGPT, Google has extensive computing infrastructure to build on and, of course, Google search has a large distribution advantage with iOS and Android," said Post.

☆ Analysts love these AI stocks with big upside potential to play the ChatGPT-driven artificial intelligence craze
▼ + stars: | 2023-02-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Each name in the list that follows has potential upside of about 35% or more, buy ratings from at least 60% of analysts and at least 10 analysts covering the stock. It has about 39% potential upside and buy ratings from almost 62% of the analysts covering it. Intellia Therapeutics , a company focused on gene-editing treatments, has upside potential of about 140% and buy ratings from 72% of its 27 analysts. Denali Therapeutics , which is focused on defeating neurodegenerative diseases, is close behind, with upside potential of 104% and buy ratings from almost 89% of its 18 analysts. Karuna Therapeutics , which specializes in schizophrenia treatments, holds the largest percentage of buy ratings, coming from 95% of its 20 analysts.

☆ China's Baidu to finish testing ChatGPT-style project 'Ernie Bot' in March
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Feb 7 (Reuters) - Chinese search engine giant Baidu Inc (9888.HK) on Tuesday said it would complete internal testing of ChatGPT-style project "Ernie Bot" in March. Baidu plans to launch an artificial intelligence chatbot service similar to OpenAI's ChatGPT in March, a person familiar with the matter told Reuters last week. The person said Baidu aims to make the service available as a standalone application and gradually merge it into its search engine. Reporting by Yingzhi Yang and Brenda Goh; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Chegg, Baidu, Bed Bath & Beyond, Hertz and more
▼ + stars: | 2023-02-07 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The company gave first-quarter and full-year revenue guidance that was below analyst expectations, according to Refinitiv. Bed Bath & Beyond — Shares plunged 30% after Bed Bath & Beyond announced a public offering to raise roughly $1 billion. Hertz — Shares gained more than 4% after Hertz reported results that beat earnings per share and revenue expectations, according to FactSet. DuPont de Nemours — Shares declined 2% after DuPont de Nemours posted earnings results from its most recent quarter. Leggett & Platt — Shares fell more than 1% after Leggett & Platt reported disappointing earnings results, according to consensus expectations on FactSet.

Robin Li (or Li Yanhong in Chinese), founder, chairman and CEO of Baidu, introduces the new AI-powered digital assistant "Duer" during the 2015 Baidu Technology Innovation Conference on September 8, 2015 in Beijing, China. Shares of Baidu surged by more than 13% in Hong Kong as the company said it will launch its own artificial intelligence chatbot. The stock rose to $159.80 Hong Kong dollars per share, or 13.48% higher in Asia's morning trade. Google recently announced a similar service, Bard A. I.Ernie stands for "Enhanced Representation through Knowledge Integration," Baidu said, describing it as a "large language model" that was introduced in 2019. "What distinguishes ERNIE from other language models is its integration of extensive knowledge with massive data, resulting in exceptional understanding and generation capabilities," Baidu said.

☆ ChatGPT mania pumps up Chinese AI technology stocks
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +3 min

While ChatGPT is not accessible in China, mainland investors are still pumping up the shares of AI technology companies such as Hanwang Technology Co (002362.SZ), TRS Information Technology Co (300229.SZ) and Cloudwalk Technology Co (688327.SS). To be sure, there is no indication that these AI companies are close to pushing out a ChatGPT-like product. Cloudwalk shares have more than doubled in the seven trading days since the Lunar New Year holidays. Other companies that have disclosed their progress in AI technology include TRS Information Technology, and Beijing Haitian Ruisheng Science Technology Ltd (688787.SS). Retail investor Lu Deyong has purchased shares in TRS and iFlytek and is seeking to profit from the ChatGPT hype.

☆ Explainer: Bard vs ChatGPT: What do we know about Google's AI chatbot?
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +3 min

Feb 7 (Reuters) - Alphabet Inc (GOOGL.O) and rival Microsoft (MSFT.O) are once again locked in a race to rule the internet zeitgeist after the Google owner launched "Bard" in answer to AI chatbot sensation ChatGPT. The artificial intelligence service could change how consumers search for information or create content on command and free up time for white-collar workers. The services that Google's Bard and ChatGPT would offer are similar. Microsoft and Google plan to embed AI tools to bolster their search services Bing and Google Search, which account for a big chunk of revenue. Bard draws on information from the internet, while ChatGPT has access to data until 2021.

☆ Microsoft’s Bing finally has a chance to take a bite out of Google with ChatGPT. But it has to move fast.
▼ + stars: | 2023-02-07 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Microsoft finally announced a new ChatGPT-enhanced Bing that can challenge Google's search dominance. But while ChatGPT pushes Microsoft and Bing forward, Google has been aggressively reminding everyone that it's been doing the AI thing for a long time. Microsoft has to move fast to keep its advantageBing has consistently been a distant second to Google Search for decades. Still, with its sizable war chest and long history with developing AI in-house, Google appears ready for a fight. In much the same manner as Microsoft's master plan, Google plans to bring ChatGPT to its own suite of software, including Gmail and Google Docs.

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