Tag: Cloud services

Discover the implications of Microsoft's $1 billion investment in OpenAI's generative AI technology. Find out about the partnership's benefits and conflicts, including Elon Musk's concerns.

Discover top AI companies worth investing in & profit from the sector's anticipated growth from $142.4bn in 2022 to around $1.8tn by 2030. With Alphabet, NVIDIA, Microsoft & more at the forefront of AI, read on to see the best options investors need to consider before buying AI stocks.

Investors seeking AI stocks should consider Amazon and AMD over Nvidia, which is overvalued. As a market leader, Amazon's cloud service AWS is well-positioned to benefit from the growing demand for AI cloud services. AMD, on the other hand, offers better value and has an extensive portfolio of chips for the AI opportunity with new products to serve the growing demand. Analysts note the better valuation with P/S ratios of 2.5 and 8.6 for Amazon and AMD, respectively.

Broadridge Financial Solutions' subsidiary, LTX, has launched BondGPT, an AI-powered application, to simplify bond selection and portfolio construction processes. Combining GPT-4 with real-time liquidity info, BondGPT provides timely and accurate data to the regulated financial industry, aiming to increase efficiency for hedge funds, Asset Managers and dealers. Broadridge is working towards more intelligent, efficient trading processes, and BondGPT is just the beginning of their products and services. Earlier this year, they migrated their corporate bond e-trading platform to Amazon Web Services to benefit from security and scalability.

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.