Generative AI

China has surged ahead in the global race for generative AI patents, according to a recent UN report, despite U.S. sanctions. What Happened: China has taken a commanding lead in the field of generative AI, surpassing the United States by a significant margin, as per a UN report published on...

Most people associate artificial intelligence (AI) with Alphabet Inc‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, as opposed to ChatGPT parent company OpenAI. That’s according to a Jefferies survey published Tuesday. This result is surprising given that OpenAI is strictly an AI-based...

Bank of America equity analyst Vivek Arya continues to hold a positive outlook on Nvidia Corp. (NASDAQ:NVDA), even after the chipmaker's recent ascent, which has made it the world’s largest company, surpassing Microsoft Corp. (NYSE:MSFT). In a note shared with clients on Thursday, Arya noted...

Snap Inc (NYSE:SNAP) announced the roll-out of new augmented reality experiences on Tuesday. What Happened: According to Reuters, the new features allow Snapchat users to generate more realistic special effects when using the platform’s lens tool. Lenses and filters, key hallmarks of...

The International Monetary Fund (IMF) has raised a red flag on the potential of artificial intelligence (AI) to exacerbate inequality, urging governments to take measures to protect their economies. What Happened: The IMF expressed “profound concerns” about the possibility of...

Artificial intelligence has taken the financial markets by storm, playing a large part in rocketing the SPDR S&P 500 ETF Trust (NYSE:SPY) to a banner year in 2024. New data revealed companies now embracing AI are not limited to the usual suspects. The Data: A post on X used data from Goldman...

Private equity firm Bain Capital is buying PowerSchool Holdings (NYSE:PWSC) for $5.6 billion. PowerSchool’s stockholders will receive $22.80 per share in cash — a 37% premium over the unaffected share price of $16.64 on May 7 (the last trading day before news broke of the deal). Vista Equity...

Semiconductor giant NVIDIA Corporation (NASDAQ:NVDA) reported first-quarter financial results after market close Wednesday. Analysts size up the results and the future of the company. The NVDA Analysts: Bank of America analyst Vivek Arya had a Buy rating and raised the price target from $1,100 to $...

International Monetary Fund Managing Director Kristalina Georgieva has issued a dire warning about the potential ramifications of the AI revolution on the global job market. What Happened: Georgieva, in a speech at the Swiss Institute of International Studies in Zurich, cautioned that the AI...

Piper Sandler initiated coverage Monday Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) with Overweight ratings, citing their strong positions in the global payments landscape and potential for sustained growth. Analyst Arvind Ramnani said that Visa and Mastercard are attractive businesses to own....

Duolingo Inc (NASDAQ:DUOL) has been facing challenges in the market, with its stock down since the first-quarter earnings report on May 8. Chart: Benzinga Pro Despite this, JPMorgan analyst Bryan M. Smilek remains optimistic about the company’s future. Smilek maintains an Overweight rating...

China is witnessing a rapid advancement in the field of artificial intelligence, which is significantly accelerating the development of humanoid robots. What Happened: The emergence of AI models like OpenAI‘s ChatGPT is revolutionizing the way AI understands and generates human-like content....

Technology giant Apple Inc (NASDAQ:AAPL) reported second-quarter financial results that saw revenue and earnings per share beat Street estimates. Analysts have responded to Apple’s results, updated guidance, increased dividend, and the announcement of a $110 billion buyback. The Apple...

E-commerce giant Amazon.com Inc (NASDAQ:AMZN) reported first-quarter financial results that saw revenue and earnings per share beat estimates from analysts. Analysts react to the report and updated guidance from the company. The Amazon Analysts: Bank of America analyst Justin Post had a Buy rating...

Jim Cramer praised Amazon.com Inc. (NASDAQ:AMZN) for its “spectacular” first-quarter performance. He also commented on the performance of other companies in a recent post. What Happened: On Wednesday, Cramer took to X, formerly Twitter, to express his views on the recent quarterly...