Big Tech companies are aggressively pursuing investments and alliances with artificial intelligence start-ups through their cloud computing arms, raising regulatory questions over their role as both suppliers and competitors in the battle to develop “generative AI”. Google’s recent $300mn bet on San Francisco-based Anthropic is the latest in a string of cloud-related partnerships struck between nascent AI groups and the world’s biggest technology companies. Anthropic is part of a new wave of young companies developing generative AI systems, sophisticated computer programs that can parse and write text and create art in seconds, that are rivalling those being built in-house by far larger companies such as Google and Amazon. Read More...
Motley Fool
Why C3.ai Stock Jumped Today
As of 12:59 p.m. ET, the stock was up 21.9%. Last night, DA Davidson analyst Gil Luria raised his rating on the AI-focused software-as-a-service (SaaS) stock to “buy,” saying C3.ai is “a truly scarce asset in a critical software arena,” and that the generative AI could be a “killer app” for artificial intelligence. The analyst endorsement was the latest piece of good news for C3.ai, whose shares have surged this week as investors look for ways to get exposure to the artificial intelligence boom.
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