Tag: Nasdaq

BuzzFeed risks being delisted from NASDAQ due to poor stock performance. The media outlet has until November 27 to raise its value or face removal.

SoftBank Group's AI focus pays off as shares surge 18% on bullish sales forecast by Nvidia Corp. and upgrades by several companies. IPO aims to raise $10bn.

ChatGPT, the AI chatbot by OpenAI, has shown reliable results in predicting stock price movement, as backed up by a new University of Florida paper. Comparing over 50,000 headlines from NYSE, Nasdaq and more, ChatGPT outperforms traditional models with its advanced language understanding capabilities. Its accuracy has been tested in a survey by a financial comparison site, revealing a 4.9% growth amid the average 8% loss of leading funds. AI for asset management may soon lift global GDP by 7% and productivity growth by 1.5 percentage points. OpenAI's progress with ChatGPT brings future opportunities in finance and technology.

Coinbase executive Tim Grogan shared a screenshot of his ChatGPT tool that predicted the Bitcoin price in 2035. The ChatGPT results showed a 15% chance of a 99.99%+ decline by that year, making its relevance fade. Repetitions by GPT 3.5 & 4 showed standard deviations of less than 10%. It can help identify security flaws in Ethereum smart contracts and offer outlines to exploit them. Coinbase is a major digital exchange enabling traditional & crypto trades & services. Grogan is experienced in applying Machine Learning & AI in cryptocurrencies. He wants to enable individuals to make informed crypto investing/trading decisions.

Mark Zuckerberg, the billionaire founder and CEO of Meta, witnessed his net worth increasing by $10.2 billion after the company's strong performance in the recently concluded quarterly results. The 14% stock rise was the third-largest in Zuckerberg's epic career, with his net worth now standing at $87.3 billion as per the Bloomberg Billionaire Index. Revenue from the March quarter stood at $28.65 billion, a 3% y-o-y growth and beating expectations. Meta (formerly Facebook) also declared an estimated expenditure of $86-90 billion in 2021, including $3-5 billion of restructuring costs related to consolidation of facilities and personnel.