Tag: Business growth

Palantir's recent stock surge is overdone, says Goldman Sachs. While AI has fuelled a demand for companies focused on the technology, the investment bank believes the rally is unjustified. Their analysts argue AI is just an extension of Palantir's existing data analytics work, not a substantial change in strategy or take-up. However, the firm still sees AI as a future tailwind, which could help drive growth. Goldman Sachs has raised Palantir's price target to $10 per share but warns that it signals a downside risk of almost 35% from current levels.

Elliptic, a leading crypto asset risk management firm, integrates AI chatbot, ChatGPT, to improve operational efficiency. By scrutinizing emails for suspect language and detecting anomalies, the chatbot enhances data organization and boosts intelligence synthesis on new risk factors. Integration into blockchain-based platforms can even drive growth and adoption of Web3 and blockchain technology. Cryptocurrency exchanges and platforms can improve security mechanisms and prevent hacking attempts with ChatGPT.

Stay up-to-date on the latest tech news this Tech Tuesday! Learn about Amazon's advancements in AI, a cautionary tale from a former Googler, and more. #TechNews #AI #Amazon