Bloomberg (December 11)
“The Nasdaq 100 climbed 1.9% to a new record as the Magnificent Seven once again find themselves in pole position. Wall Street’s optimism surrounding the industry and its AI dreams has seemingly proven enduring.”
Tags: AI, Climbed, Dreams, Magnificent Seven, Nasdaq 100, Optimism, Record, Wall Street
Financial Times (December 3)
“America’s economy is soaring ahead of its rivals,” and its “outperformance is rooted in long-term productivity growth that is the envy of the developed world.” Many of these productivity gains are coming from tech investments. “China is the only other large economy making significant strides in tech R&D spending…. the amount of venture capital invested in AI in China is now the second highest globally after the US.”
Tags: AI, China, Developed world, Economy, Envy, Investments, Outperformance, Productivity growth, R&D spending, Rivals, Soaring, Tech, U.S., VC
WARC (November 19)
“More shoppers, GMV growth and the growing role of AI was the Singles Day story from Alibaba and JD.com, but the wider economy continues to feel the impact of China’s property slowdown.”
Tags: AI, Alibaba, China, Economy, GMV, Growth, Impact, JD.com, Property, Shoppers, Singles Day, Slowdown
Investment Week (September 17)
“Fund managers and analysts have remained adamant that artificial intelligence is the core investment case driving the growth of the Magnificent Seven and other tech giants, but cracks have begun to show in their faith that this growth has stable longevity.”
Tags: Adamant, AI, Analysts, Core investment case, Cracks, Fund managers, Growth, Magnificent Seven, Stable, Tech giants
New York Times (July 31)
“The technology sector is facing another rough patch, after Microsoft reported mixed quarterly earnings and its shares tumbled. The company’s results are fueling more concern among investors about whether hefty spending on artificial intelligence will pay off, and how long that might take.” The tech giant, however, is confident that its efforts will pay off.”
Tags: AI, Concern, Confident, Investors, Microsoft, Pay off, Quarterly earnings, Results, Shares, Spending, Technology sector, Tumbled
Investor’s Business Daily (July 19)
“Magnificent Seven stocks dumped more than $1.3 trillion in market value in a week…. Former do-no-wrong AI company Nvidia (NVDA) is the No. 1 culprit” behind the “epic implosion.” Shares in Nvidia “have plunged more than 11% from July 10. That effectively wiped out more than $417.3 billion in shareholders’ wealth — or roughly a third — of the Mag 7’s dollar-value loss in that time.”
Tags: $1.3 trillion, AI, Culprit, Epic implosion, Magnificent Seven, Market value, Nvidia, Plunged, Shareholders, Stocks, Wealth
Traders Magazine (June 26)
Companies may find ways to effectively “use artificial intelligence themselves on their compliance, obligations to the [Securities and Exchange] Commission and look at unstructured data and look at chat and look at email and look at all these other things that they haven’t been able to do.” This could conceivably allow companies to spot issues earlier or stop them from arising.
Tags: AI, Chat, Compliance, Email, Issues, Obligations, SEC, Unstructured data
Wall Street Journal (May 21)
“Computer science is hotter than ever at U.S. universities. But students graduating this month are discovering their degrees are no longer a surefire ticket to tech-industry riches.” As tech giants slow expansion and embrace artificial intelligence, they “now have less need for entry-level hires—or are shedding jobs” so graduates “are finding it harder than they ever thought it would be to land a job.”
Tags: AI, Computer science, Entry-level hires, Expansion, Graduates, Students, Surefire, Tech industry, U.S., Universities
Institutional Investor (March 20)
Across sectors companies are tripping “over themselves to incorporate generative artificial intelligence into their operations. Not to be left out, investment managers too are crowing about their adoption of generative AI, typically in the form of large language models (LLMs).” This, however, “is a complex and expensive project with considerable investment and business risks and ethical considerations.” There should be less concern on “how these models might disrupt the investment management industry” and more focus on building “a methodology to assess the processes and procedures implemented by managers to ensure the ongoing utility and reliability of their LLMs.”
Tags: Adoption, AI, Assess, Complex, Disrupt, Ethical considerations, Expensive, Generative, Investment managers, LLMs, Methodology, Risks, Sectors
Institutional Investor (January 22)
“Bloomberg terminal users got a research boost on Monday just in time for earnings season: summaries and analysis of company performance written by artificial intelligence.” From Monday, all users will be able to access generative AI summaries “designed to help analysts save time absorbing earnings data and transcripts by highlighting key points. They will be available immediately for companies in the Russell 1000 and the top 1000 companies in Europe.”
Tags: AI, Analysts, Bloomberg, Earnings season, Europe, Generative, Key points, Performance, Research, Russell 1000, Summaries, Time, Transcripts
