ai
Artificial intelligence could be a huge benefit for the health care space, says Fred Hassan. He’s chairman of the Caret Group. What parts of health care could benefit from AI?Hassan expects AI to help boost productivity across the board in the health sector – be it drug discovery, clinical trials, or patient management. Infectious diseases and oncology in particular will benefit from artificial intelligence in the near term, he told CNBC in a recent interview. Chairman Hassan forecasts AI to be a positive for GLP-1s (weight-loss drugs) as well. Last week, Sanofi partnered with OpenAI to deploy...
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On Friday, FTSE Russell announced latest news of the FTSE Russell indexes, including the Russell 1000 Index, Russell 2000 Index, and Russell Microcap Index. The news was revealing – not least because of significant changes to the top three companies by market cap in the Russell 1000 index. Apple loses number one spot to MicrosoftFor the first time since 2020, Microsoft retook its crown as the largest company position in both the Russell 3000 and Russell 1000 Indexes, dethroning Apple from the top spot. While Microsoft Corporation increased its market capitalization by almost 27% in the past ye...
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A 5.0% dip in Snowflake Inc (NYSE: SNOW) following its Q1 earnings report is an opportunity to buy a quality name at a discount, says Michael Turrin – a Wells Fargo analyst. Snowflake stock has a 50% upside from hereTurrin recommends buying $SNOW as he sees potential in it to climb all the way up to $225. That suggests a near 50% upside from here. The NYSE listed firm came in shy of Street estimates for per-share earnings in its fiscal first quarter last night. Still, the Wells Fargo analyst cited significant market opportunity and strong operational performance as reasons to own Snowflake sto...
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On Tuesday, Lam Research Corporation (NASDAQ:LRCX) announced a significant $10 billion share repurchase authorization and a 10-for-1 stock split. This strategic move aligns with the company’s commitment to returning 75% to 100% of free cash flow to shareholders through dividends and buybacks. The stock split, designed to enhance liquidity and broaden investor participation, will see LRCX trading on a split-adjusted basis starting October 3, 2024. Lam Research is a critical player in the semiconductor industry, providing essential wafer fabrication equipment. The company’s recent performance ha...
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Sanofi SA (EPA: SAN) is in focus today after teaming up with OpenAI to deploy artificial intelligence for drug development. What’s in it for Sanofi?Working with the AI company will help Sanofi “go to market faster with our drugs” and address the unmet patient needs, as per Emmanuel Frenehard – executive vice president of the pharmaceutical behemoth. The OpenAI partnership may also $SAN in terms of improving its operating profit. The French multinational is committed to capitalising on artificial intelligence to “shorten the process from discovery all the way to development” of a drug, its exec...
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Financial markets are broadly expected to do well this year – be it cryptocurrencies or equities. And that makes up for a good enough reason to be engaged with a trading bot. Why are experts bullish on financial markets for 2024?Reasons why experts are bullish on financial markets are plenty. These include the launch of bitcoin exchange-traded funds for the crypto market and solid earnings for the stock market. Still, making money out of the financial markets is never as straightforward is it may sound. Therefore, taping on a reliable trading bot to help you make better decisions as a trader o...
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io.net, a leader in decentralized computing solutions, has announced a strategic partnership with Synesis One, the first Train2Earn platform on Solana. This collaboration will utilize io.net’s advanced decentralized compute network to power the training of machine learning (ML) models for Synesis One’s enterprise clients, facilitating more efficient and accessible AI model development. Boosting enterprise AI solutionsIsaac Bang, CEO of Synesis One, expressed enthusiasm about the partnership: “We’re onboarding a number of large clients, and the scope of some projects require us to build out cus...
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Shares of DXC Technology Co (NYSE: DXC) are down over 15% even though the information technology company made an AI announcement on Friday. $DXC partners with Ferrovial and MicrosoftThe multinational based out of Ashburn, Virginia teamed up with Ferrovial and Microsoft this morning on Quercus. The new generative artificial intelligence platform is expected to help organisations integrate “secure, responsible AI solutions to automate processes for improved profitability and efficiency”. Quercus will run on Azure while the responsibility of “evolving, maintaining, and commercialising” it will re...
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Advanced Micro Devices, Inc. (NASDAQ:AMD) has been a notable player in the semiconductor industry, often viewed as a formidable competitor to larger counterparts like Nvidia. Recent developments, however, suggest potential shifts in dynamics within the market. A recent Reuters report unveiled Microsoft’s intentions to introduce an alternative to Nvidia’s AI processors through a collaboration with AMD. This initiative, set to be detailed further at Microsoft’s Build developer conference next week, signifies a significant endorsement of AMD’s capabilities in the AI chip domain. AMD’s foray into ...
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Billionaire investor and founder of Duquesne Capital, Stanley Druckenmiller’s recent move to slash his Nvidia Corp. (NASDAQ:NVDA) stake by 72% in Q1 2024 has piqued investors’ interest. Druckenmiller, who was among the early investors to recognize the potential of Nvidia in the AI realm, sold 441,551 shares of Nvidia or 72% of his holding in the company during Q1 2024. Druckenmiller initially invested in Nvidia back in Q4 2022 when shares were around $184, but sold a significant portion as the stock surged. Despite the reduction, Nvidia remains a significant position in Druckenmiller’s portfol...
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