AI News Today – July 10th, 2024
Welcome to “AI News Today,” your daily summary of the AI Industry.
Citi Analysts: Take Profits in High-Flying AI Stocks
Citi (NYSE: C) analysts recommend that investors take profits in high-flying AI stocks like Nvidia (NASDAQ: NVDA), citing concerns over potential market volatility. They advise rebalancing portfolios to include a broader range of AI stocks across the value chain to mitigate risks associated with overexposure. Investor sentiment is divided, with some favoring established leaders while others see potential in utilities and infrastructure providers integrating AI technologies. Read all about it on the TDR Website!
American Medical Association Approves Tempus Algorithmic Test
The American Medical Association has granted Tempus AI, Inc. (NASDAQ: TEM) a PLA code for its PuristSM algorithmic test. This recognition marks a significant step forward in the integration of AI in medical diagnostics.
Corning’s Stock Soars Amid AI Demand Surge
Corning Inc.’s (NYSE: GLW) stock has risen by 12% due to stronger-than-expected demand driven by the AI boom. The company’s innovative glass and fiber products are key components in AI infrastructure.
AI Video Startup Valued at $500 Million
A new funding round has valued an AI video startup at $500 million. The company specializes in leveraging AI to enhance video content creation and distribution.
AI Expected to Save Professionals 12 Hours Weekly by 2029
A new “Future of Professionals report” by Thomson Reuters, a global content and technology company, predicts that AI will save professionals 12 hours per week by 2029. This efficiency boost is attributed to advancements in automation and smart tools.
Microsoft Won’t Block China’s Access to AI Models
Microsoft (NASDAQ: MSFT) has announced it will not follow OpenAI in restricting China’s access to AI models. This decision underscores the company’s commitment to maintaining open access to AI technologies.
Manitoba Farm Leads AI Agriculture Innovations
A farm in Manitoba is pioneering the use of AI in agriculture. The initiative aims to improve farming efficiency and crop yields through advanced AI applications.
Read more AI news on the TDR Website!
