Amazon and Google actively weave AI into products

Key Takeaways

• <ul><li>Yardeni Research calls the global AI stock selloff a speed bump, not a roadblock, despite Asian chip stocks falling over 10 percent.</li><li>Morgan Stanley argues AI stocks are oversold, citing a 50 percent jump in AI-related patents and ongoing product integration by Amazon and Google.</li><li>Gita Gopinath warns the AI investment boom could trigger a market correction, with the global AI market reaching $1.4 trillion by 2025.</li><li>VOLTA-AUTODOXER malware uses Anthropic's Claude AI, Moonshot AI's Kimi K2, and Google's Gemini to rank victims by criminal value.</li><li>ServiceNow and Snowflake successfully deployed AI agents internally, cutting quarter-end financial closes from all-day Sunday to 9 a.m.</li><li>BlackRock research shows combining AI tools with human advisers produces the best retirement savings outcomes.</li><li>Meta AI found the XRP network secure after a recent scare and integrated with Expedia for natural language hotel bookings via Muse.</li><li>Intent-Aware Caching improves AI language model serving with a 34.6% cache hit rate and up to 46.1% latency reduction.</li><li>U.S. technology goods imports reached a record $61.3 billion in September despite the stock selloff.</li><li>Risky Future AI Tools Demo Day is scheduled for November 10, featuring Vertafore, IntellectAI, and ZestyAI.</li></ul>

Global AI stock sell-off seen as temporary setback by researchers

Yardeni Research says the recent global sell-off in AI stocks is letting air out of the AI bubble but is a speed bump not a roadblock. Investors dumped AI stocks after Democrats swept Congress in midterm elections partly due to voter hostility toward new data centers. Asian chipmakers were hit hardest with Taiwan's ETF falling 11.7 percent and South Korea's dropping 10.4 percent. U.S. imports of technology goods reached a record 61.3 billion dollars in September showing strong underlying demand.

AI stock sell-off is temporary setback not the end of boom

Yardeni Research calls the global backlash against AI stocks a speed bump rather than a roadblock. South Korea's MSCI index fell more than 45 percent from its record high pushing its forward price-to-earnings ratio to 3.4 the lowest in over 20 years. Taiwan's forward P/E dropped to 14.4 from 23.2 earlier this year. Global technology stocks fell 6.7 percent for the week while defensive sectors like real estate held up best.

AI stock sell-off viewed as temporary setback by researchers

Yardeni Research believes the global sell-off in AI stocks is a temporary setback rather than the end of the boom. Investors sold AI stocks worldwide after Democrats swept Congress in midterm elections driven by voter hostility toward new data centers. Japan's exchange-traded fund slid 5 percent while forward earnings for global stocks outside the U.S. rose 41 percent to a record high. The firm says a slower U.S. data center buildout would delay demand not derail it.

New AI malware ranks victims by their worth to criminals

VOLTA-AUTODOXER is a new malware that steals sensitive information from Windows computers then uses artificial intelligence to rank victims by potential value to criminals. The malware collects clues about home addresses employers and financial information and can even examine Gmail receipts and food delivery orders. It uses AI to create a report ranking the victim's assets by resale value with low medium or high rankings. The malware can also delete itself after completing its theft making investigation harder but it may leave behind a diagnostic file called volta_debug.txt.

Cisco discovers malware using Claude AI to profile victims

Cisco Talos discovered VOLTA-AUTODOXER a self-deleting Windows infostealer that feeds stolen data to AI models to rank a victim's assets by cash-out value. The malware defaults to Anthropic's Claude AI model and fails over to Moonshot AI's Kimi K2 and Google's Gemini if a model refuses to respond. It steals browser passwords cookies payment cards and cryptocurrency wallet seed phrases then builds a structured profile including geolocation employer and financial details. The malware sends data through OpenRouter with a prompt asking the AI to pose as a forensic intelligence analyst and draft a target assessment report.

Meta AI Says XRP Network Looks Secure After Scare

Meta AI, created by Mark Zuckerberg, assessed the security of XRP and the Ripple network. The analysis came after a recent security scare. The AI predicts that XRP and its network appear to be fairly secure now.

AI Tools Help Retirement Savings When Paired With Advisers

BlackRock research and a new academic study show AI tools can improve retirement savings outcomes. These tools offer personalized investment recommendations and automate parts of the process. However, the study found that combining AI with a human financial adviser produces the strongest results for participants.

ServiceNow and Snowflake Use AI Agents at Scale

ServiceNow and Snowflake tested AI agents on their own workers before wider use. Snowflake's finance team built a prompt that checks 20 top customer accounts and drafts emails in minutes. Quarter-end financial closes that used to take all Sunday now finish by 9 a.m. The companies also learned that unverified AI tools can create hundreds of conflicting dashboards if not managed carefully.

Morgan Stanley Says AI Stocks May Be Oversold

Morgan Stanley research argues that AI stocks are oversold and the sector may be due for a rebound. The Nasdaq outperformed the S&P 500 by 10 percentage points over the past year. AI-related patents grew by 50% in one year, showing heavy investment. Companies like Amazon and Google are adding AI to their products. Morgan Stanley did not make a specific stock recommendation.

Risky Future AI Tools Demo Day Set for November 10

Insurance Journal's Risky Future series is hosting the winter edition of AI Tools for MGAs Demo Day on November 10 at 1pm ET. The free event will feature demos from Vertafore, IntellectAI, and ZestyAI. These companies showcase AI platforms that help MGAs with submissions, underwriting, and specialty programs. Each presentation will run between 15 and 20 minutes.

Expedia integrates with Meta Muse for hotel bookings

Meta's Muse agent can now book hotels from Expedia in the U.S. using natural language. Users can search and book hotels by describing their preferences in their own words. The integration does not support cancellations or rebooking. Expedia remains the merchant of record for all bookings made through Muse.

Gita Gopinath warns AI investment boom may cause market correction

Former IMF Chief Economist Gita Gopinath warns that rapid AI investment growth could lead to a major market correction. She says the investments are not backed by fundamentals and risks are not priced in. The global AI market is expected to reach $1.4 trillion by 2025, up from $390 billion in 2020. Gopinath made the comments during an interview with Bloomberg.

New Intent-Aware Caching method speeds up AI language model serving

Intent-Aware Caching (IAC) is a new method that improves how AI language models handle repeated conversations. It classifies requests by user intent and uses past data to decide what to keep in cache. Tests on real workloads show IAC reaches a 34.6% cache hit rate, beating previous methods like LRU at 12.2%. It also reduces average serving latency by up to 46.1%.

Sources

• Deflating the AI bubble: Why a tech reset is exactly what markets need
• Deflating the AI bubble: Why a tech reset is exactly what markets need
• Deflating the AI bubble: Why a tech reset is exactly what markets need
• New AI malware ranks victims by how much they're worth
• Cisco Finds Malware Using Claude AI to Profile Victims and Rank Stolen Accounts
• Meta AI Predicts How Secure is XRP Following Security Scare
• What it would take for AI to improve participant outcomes
• ServiceNow and Snowflake Are Using AI Agents at Scale. Here's What They Learned
• Market Factors: Morgan Stanley makes the case that AI stocks are oversold and it’s time to buy
• Register: Risky Future AI Tools for MGAs 'Demo Day' on November 10
• Expedia Goes Live on Muse, but Its AI Wins Are Inside Its Own Apps
• Gita Gopinath Warns AI Investment Boom Could Face Major Market Correction
• Intent-Aware Caching for Efficient LLM Serving