Tag: Amazon

Bernstein urges Amazon CEO to rethink direction amidst investor concerns. Meanwhile, Reels gains ground against TikTok, AI may worsen loneliness, and older users embrace TikTok. Also, a YouTuber travels 1,800 miles on a gas generator in his Tesla, and Insider lists the best Samsung phones for 2023.

Investors seeking long-term value in Artificial Intelligence (AI) stocks can find it in well-known names. The report suggests buying Snowflake, Amazon.com, and Advanced Micro Devices for their potential to benefit as AI growth accelerates. These companies are expected to grow due to their roles in data storage, AI demand in AWS division, and being suppliers of AI chips. With multiple ways to benefit from AI, these three names could be worth considering.

Investing in artificial intelligence (AI) stocks has resulted in impressive returns for the Baron Opportunity Fund, managed by Mike Lippert, with 33.6% year-to-date as compared to the S&P 500's 11.8%. Lippert believes AI will continue to drive returns for the next 3-5 years, and shares his top picks for companies delivering the biggest returns - Microsoft, Nvidia, and Amazon. These companies lead in incorporating AI into cybersecurity, integrated products, and improving customer shopping experiences. The Baron Opportunity Fund focuses on technology in electric vehicles, genetics-impacting medicine, and cloud computing, and AI themes that will continue driving returns.

Microsoft has unveiled a new cloud data and analytics platform, Microsoft Fabric, that sets it ahead of Amazon and Google with its suite of cost-saving tools for enterprise customers. The platform features a single data lake called OneLake that accommodates all kinds of data from external sources, offering flexibility, data quality, transparency and governance. While AWS has an overall revenue lead, analysts suggest Microsoft Fabric could give it an advantage in enterprise analytics and data capability. Currently in public preview, Microsoft Fabric will add more features soon.

Priceline plans to launch a chatbot equipped with Google's AI technology, bringing personalized and accurate services to users. The partnership aims to enhance Priceline's developers' capabilities, generate business for Google, and fast track the agency's marketing for trending trips. The collaboration could potentially beat Google's own travel services and set a new standard in cloud services. The AI-powered travel agent could take effect as early as this summer.