Tag: Finance

Revolutionize the way you invest with Streetbeat's new SmartPilot platform, using generative AI and real-time news analysis for optimal portfolio management. Available now on the Streetbeat app.

Hedge funds are adopting generative AI such as OpenAI's ChatGPT to automate tasks and boost productivity, but it's yet to be a game-changer in investing methods. ChatGPT can follow instructions and create new finance content after being trained on extensive data. Its potential lies in speeding up coding, research, and client communication, as well as automating basic data pattern detection to streamline customer service. Hedge funds like Campbell & Co are using ChatGPT as an assistant to augment human efficiency, and keeping workers in the loop.

Tesla could be a major winner in the race towards AI, according to Cathie Wood, CEO of Ark Invest. She believes the company's shares, currently valued at $201.16, will reach $2,000 in five years. As a supporter of the automaker, Wood has consistently made bold predictions regarding its potential, citing its innovative technologies as one of the most significant AI opportunities available. Tesla has consistently been at the forefront of efforts to reduce carbon emissions through its electric cars, batteries, and energy storage.

Alliance Air, a regional subsidiary airline of Air India, enhances its operational efficiency by moving its IT system to the cloud with SAP RISE 2022 ERP. The initiative led by Mr. Vineet Sood, Mr. Mukesh Sareen, and Mr. Ambar Mondal will improve customer experience while boosting key business operations. The airline is further exploring ChatGPT solutions to uplift its customer experience.

NVIDIA's shares jumped 44% in May, but these 5 AI-related companies outperformed them: Super Micro Computer, C3.ai, Upstart Hldgs, Nano X Imaging, and Palantir Technologies. Learn about their potential and unique offerings before investing.