Financial markets can be very receptive to changing technologies, but history is littered with examples of where they have progressed further. Investors were right to predict the importance of the Internet, but not when they flocked to buy technology stocks associated with the birth of the Web, the so-called dot-coms. They were the first major bubbles that burst in the twentieth century.
Few doubt that electric cars will dominate the roads in the next decade, but Lucid, Nikola or Rivian, manufacturers of 100% rechargeable vehicles, were oblivious to that year. Because they are not profitable, because Tesla has already won a long time ago and can afford the price of war, and because the rest of the industry, often financially strong, is also trying to get its share of the pie.
But there are two magic words, namely artificial intelligence. Every industry-related company is moving quickly with a dollar sign in the eyes of Wall Street. It is not necessary that your main activity is to initiate a speculative movement. The most surprising cause was the viral articles from the American portal BuzzFeed. In late January, it announced that it would use the OpenAI system ChatGPT to improve its quizzes and create other content, a task previously done by human operators. The frenzy immediately flared up: the shares, which had recently been many, quadrupled in two days.
The euphoria soon cooled. BuzzFeed lost half an ounce in the days following the furor but still trades at roughly double what it was before announcing the move to AI, though there are no signs yet that the move will significantly improve its bottom line. Comcast, one of the main shareholders of the company, does not seem to see it as a panacea: the tide of the market to remove a good share of services, reducing its stake from 24% to 15.5%. He also lost money because he bought them in 2015 and 2016 for much more than now, it is a sign that he is not optimistic that no matter how much ChatGPT is used and he can get his investment back and he is just trying to minimize his losses.
The BuzzFeed phenomenon has been the cause of a lot of AI-related speculation, but it’s not the only company seeing a fever instilling something in their initials. Soundhound AI of California, which specializes in natural language processing and speech recognition solutions, has achieved a nearly 150% appreciation until 2023, and its capitalization has now reached nearly $700 million.
Instead, he encourages restaurants to use the new voice assistant. “While your staff cooks, cleans, serves food and provides exceptional customer service, the voice assistant answers menu questions and takes orders over the phone, increasing the number of orders processed and adding value to your business. Business.” seat, hotel room services and as a voice assistant in the car. “On the way home, I found a Mexican restaurant that has at least four stars, offers takeout, and is not a taco shop,” he says, giving an example of how he can help drive away customers.
Lots of information
The Californian C3.ai had an excellent start to the year. However, this software provider has a more established profile. Its partners include Microsoft, Alphabet and Amazon. Its tools serve various industries: they allow banks to spend less time on loan applications, they help to avoid power outages, and they are used to optimize the use of the aircraft fleet, as indicated on its website. . “The application can use telemetry data connected to the sensors on the aircraft to perform predictive maintenance and increase the availability of the aircraft by 50%”, he calculates. Its shares have grown 148% in price since January and are valued at $3 billion.
an expansive wave
Between a lot of media coverage and a huge body of deals like Microsoft’s $10 billion investment in OpenAI, it’s hard to find a company in the industry that’s doing poorly. Maryland-based BigBear AI is up 335% in the stock market this year. The company’s AI software includes among its customers the US Army, medical centers that help them organize their vacant lots, or industries that help them manage their supply chains.
Beats pure waves of AI players. US-based Nvidia, one of the world’s largest chipmakers, is helping to pull off the performance by establishing itself as a major provider in this field. While presenting his findings, chief executive Jensen Huang said the use of his chips for artificial intelligence services like chatbots has skyrocketed over the past two months. Shares grow by 65% ​​in 2023, which is more meritorious in its case, because the giant has estimated more than 550,000 million coins. Its development contrasts with competitors in the semiconductor sector such as Intel, which has long since dived into AI. It is down 3% against the Nasdaq index year-to-date and has announced a dividend cut.
The Microsoft-Google duo, which are currently fighting to dominate artificial intelligence, has a lower frequency of these movements in the stock market. Mainly because their size and diversity make them less volatile and their development depends on many other sources of income, such as the cloud, installing software on PCs, advertising or business research. This is not to say that they are not affected: Google has paid dearly for the bug in Bards Response, the smart chat that Microsoft ChatGPT plans to tackle. He was asked about the latest discoveries of the Space Telescope on February 8 by James Webb and received the wrong answer when the parent company Alphabet plunged 7%. That means 100,000 million in value from the Stock Market.
Money timidly and impatiently conquers the research of the artificial intelligence revolution. Many of them, however, may not exist, and others perish in time. Whoever finds one of the previously recognized winners, which is as difficult as finding a needle in a haystack, is likely to multiply their bankroll. This happened when the Internet exploded with the entry of a small one. a startup that sold books online called Amazon.
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