The world of artificial intelligence is abuzz with recent developments, from tech giants to healthcare innovations. In this news brief, we'll delve into the latest updates, from price target revisions to AI chip breakthroughs, and explore the implications for investors and the industry as a whole.
Mizuho Trims Advanced Micro Devices (AMD) Price Target to $120
Mizuho Securities has revised its price target for Advanced Micro Devices (AMD) to $120, citing headwinds in the AI sector. Despite this, the firm remains optimistic about AMD's prospects in the server and PC markets. With 107 hedge fund holders, AMD ranks 7th on our list of AI news updates to catch up on.
Zoom Adds More AI Agents Across Platform
Zoom has added new artificial intelligence (AI) agentic skills to its AI Companion, deployed across the Zoom platform. These skills include helping schedule meetings, generating clips, and providing writing assistance for advanced document creation. Zoom Business Services now offers a virtual agent for customer self-service, with upcoming features like customizable virtual agents and automated insights.
Apple Invests $500 Billion in AI Infrastructure
Apple is investing $500 billion in various AI infrastructure projects over the next four years. This move is expected to boost Taiwan Semiconductor Manufacturing Company (TSM) shares, as Apple's AI initiative will require significant chip production. With Apple's massive investment, the company is poised to make a significant impact in the AI industry.
Intel's AI Chip Breakthrough Unlikely Before 2027
Intel's new CEO, Lip-Bu Tan, is set to reduce the firm's workforce and focus on the foundry business. While Intel aims to establish a foothold in the AI industry, its AI chip breakthrough is unlikely before 2027. This delay may impact Intel's competitiveness in the AI market, where Nvidia and ARM dominate.
UK Must Have Global Ambition in AI
DeepMind founder Demis Hassabis emphasizes the importance of the UK's global ambition in AI, leveraging its strengths to influence AI deployment worldwide. With Google announcing upgrades to its offering in the UK, the country is poised to play a significant role in the AI industry.
Apple's Siri Boss Admits to 'Ugly' AI Delays
Apple's Siri boss, Robby Walker, has admitted to 'ugly' delays in the digital assistant's overhaul. The delay is expected to roll out until next year, with Apple CEO Tim Cook calling AI a 'game changer' for the company.
Nvidia's GTC May Not Change Broader AI Sentiment
J.P. Morgan expects Nvidia's annual GTC to have a limited impact on broader AI sentiment, but could benefit a few of Nvidia's suppliers. Despite this, Nvidia remains a key player in the AI industry.
Santana Row Lands More AI Tech Companies
The Santana Row neighborhood in San Jose has landed two more AI tech companies, further solidifying its position as a hub for AI innovation.
Intel Stock Rockets on New CEO's AI Strategy
Intel's stock has soared on talk of Lip-Bu Tan's AI chip strategy, including pushing Intel into territory dominated by Nvidia and ARM. With Tan's revitalization plans, Intel is poised to make a significant impact in the AI industry.
New Guidelines Establish Framework for Trustworthy AI in Health Care
A new set of guidelines has been launched to create trustworthy AI systems in health care, providing recommendations covering the entire lifecycle of medical AI. The FUTURE-AI guideline aims to overcome concerns about trust, safety, and ethics in AI technologies.
Key Takeaways
- Mizuho Securities has revised its price target for AMD to $120, citing headwinds in the AI sector.
- Zoom has added new AI agentic skills to its AI Companion, deployed across the Zoom platform.
- Apple is investing $500 billion in various AI infrastructure projects over the next four years.
- Intel's AI chip breakthrough is unlikely before 2027, impacting the company's competitiveness in the AI market.
- The UK must have global ambition in AI to influence deployment worldwide.
- Nvidia's GTC may not change broader AI sentiment, but could benefit a few of Nvidia's suppliers.
- Santana Row has landed two more AI tech companies, solidifying its position as a hub for AI innovation.
- Intel's stock has soared on talk of Lip-Bu Tan's AI chip strategy, including pushing Intel into territory dominated by Nvidia and ARM.
- New guidelines have been launched to create trustworthy AI systems in health care, providing recommendations covering the entire lifecycle of medical AI.
Sources
- Mizuho Trims Advanced Micro Devices (AMD) Price Target to $120, Cites AI Sector Headwinds but Remains Optimistic on Server and PC Growth
- Zoom Adds More AI Agents Across Platform
- Apple Just Gave Taiwan Semiconductor Investors Great News @themotleyfool #stocks $TSM
- Intel AI Chip Breakthrough To Compete With NVIDIA Unlikely Before 2027
- UK Must Have Global Ambition in AI, DeepMind's Hassabis Says
- Apple's Siri boss admits to 'ugly' and embarassing AI delays during...
- Nvidia's GTC may not change broader AI sentiment, but could impact suppliers: JP Morgan (NVDA:NASDAQ)
- Santana Row office building in San Jose lands more AI tech companies
- Intel rockets 8% on talk of new CEO's AI chip strategy
- New guidelines establish framework for trustworthy AI in health care