Tag: Investment

Microsoft's ChatGPT now uses Bing Search, with added AI capabilities to compete with Google. OpenAI developed ChatGPT and Microsoft invested $10bn to enhance AI tech, which enabled Bing to attract millions of new users. This strategic move signifies Microsoft's intention to dominate the search market. Bing plugins will make their services better and more practical. Microsoft gains an upper hand against Google in this impending search battle.

Point72 Asset Management stands to profit $100 million off Nvidia stock in just two months thanks to AI's growth. Nvidia's stock has risen 160% this year and is predicted to continue benefiting from AI's rapid growth. High-profile investors like Stanley Druckenmiller's Duquesne Family Office are investing heavily in Nvidia. Steve Cohen, the owner of New York Mets, urged other investors to explore AI and predicts it will cause job creation and elimination.

Discover the fascinating rise of AI technology and explore the potential opportunities and risks with stocks such as Nvidia, Microsoft, and Meta technology as investors seek to understand regulations and gains.

Cathie Wood, ARK Investment Management Founder & prominent investor, sold 65,600 shares of Chipmaker NVIDIA Corporation (NASDAQ: NVDA) worth near $25 million. Wood's ARK Innovation ETF closed out its entire NVIDIA stake in Jan. Wood has an eye for disruptive technologies like AI, robotics & 3D printing. Thursday, ARK Investment Management Invested $72 million in UiPath Inc. (NYSE: PATH).

Anthropic, an advanced AI and generative technology company, just secured a $450 million Series C funding round led by Spark Capital. Led by actor Ashton Kutcher's Sound Ventures, the investment will enable Anthropic to venture into the booming AI market and deploy their chatbot, Claude. Be on the lookout for the future of AI technology!