🐺 Wall Street’s Wolfin’ on AI Stocks

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You're reading AI Discovrd. A daily newsletter delivering the AI news you need to know.

Today you need to know:

• 🐺 C3.ai and more AI stock prices surge

• 🤯 Character.ai is worth $1bn

• 😬 Foundation models are too big to make money

• 📚 AI can make education engaging

• ⚒️ 5 tools to add to your tech stack

Plus a lot more! This will only take 5 minutes. Off you go! 🚀

📌 BIG NEWS

Wall Street’s Wolfin’ on AI Stocks

Several AI companies experienced dramatic stock price surges recently.

Leading the pack is software company C3.ai Inc., who is currently riding the crest of the artificial intelligence wave, with stock prices soaring by a whopping 14% in after-hours trading on Thursday.

The surge is thanks to the "genuine optimism in the marketplace" for the company's solutions.

As of yesterday, C3.ai's results and forecast have already beaten expectations. Its shares have risen 90% so far this year, while the forecast for the fourth quarter predicts revenue of $70 million to $72 million.

But C3.ai isn't the only one making bank with the AI craze.

Other AI companies such as BigBear.ai, SoundHound AI, and Guardforce AI are also experiencing similar growth spurts thanks to the increasing popularity of generative AI technology.

Wall Street's eye is on AI these days. C3.ai's success might just be the tip of the iceberg.

📰 MORE AI NEWS

CRM vendors race to integrate generative AI. 🏇 AI software spending to double. Leaders must address risks, ethics. Priority should be privacy, transparency, fairness. (CIO Dive)

Boeing partnering with military AI startup, Shield AI. ✈️ Exploring collaboration to help warfighters. Plan is to create AI and autonomous tech. No GPS, no human pilots. (Breaking Defense)

Computers are "energy beasts". 🪫 It takes up 20% of our global energy. AI will only accelerate consumption. At this rate, all our energy will have to go to computing by 2040. We need more sustainable approaches. (Penn Today)

💰 AI FUNDING

Some investors doubt AI will make money. 🧐 AI is too costly. Foundations require huge capital. That’s why investors are hesitating. (The Financial Times)

AI investments reach $300bn by 2026. 💸 Analysts predict increased business investment. Media industry is predicted to have the fastest growth. US to dominate more than 50% of the AI market. (TechMonitor)

ChatGPT rival valued at $1B. 🪙 Character.ai raises over $200 million in funding. Its value now exceeds $1 billion. Not bad for a six-month old company. (The Financial Times)

Humane, 'secretive' AI startup, raises $100M. 🕵️ Founded by ex-Apple employees. Building "first-of-its-kind device and services platform." R&D partners include LG, Volvo, Qualcomm--but not Apple. (Tech Crunch)

Another $300M for Anthropic. 📈 Google's funding of $300M+ was only last month. Spark Capital leading the round this time. Pre-investment valuation is at $4.1bn. (Crunchbase)

🛠️ TOOLS

• FinalScout. Finds emails and sends personalized messages using ChatGPT tech. Outreach at scale, 98% deliverability. Connects and integrates with LinkedIn.

• Raycast AI. Unlocks AI's power on Mac. Smarten tasks and answer questions faster. Brings AI to all apps, accelerating workflows.

• ChainGPT. Blockchain AI expert. Offers advanced crypto-related solutions. Uses natural language processing technology.

• Evolup. Creates affiliate stores automatically. Eliminates inventory and order monitoring work. Uses AI-powered productivity and SEO optimization tools.

• Eightify. Time-saving Youtube video summarizer. Gives no-fluff key points. Solves language barrier issues.

🎙️ FROM PODCASTS (Powered by Deciphr AI)

The AI in Business Podcast: Measuring AI team's success is beyond finance. Financial metrics are not enough. Add technical accuracy and feedback as success measurement. Long-term value must be emphasized. [“Three Metrics for Measuring Enterprise AI Success - with Supreet Kaur of Morgan Stanley” episode at 0:03:48]

Gradient Dissent: Generative AI can revolutionize education. Students now use AI for homework–but that’s not a bad thing. Startups should create fun AI lessons. Education needs more engaging resources. [“Jasper AI's Dave Rogenmoser & Saad Ansari on Growing & Maintaining an LLM-Based Company” episode at 1:02:10]

Adventures in Machine Learning: AI won't replace humans, but augment. General intelligence is not man’s last invention. They'll adapt to tech changes. AI will be a tool for humans. But human-made art will always have uniqueness. [“ChatGPT and the Divine” episode at 0:41:46]

🥡 MEME TO GO?

Literally buying the hype

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That's it for today! This newsletter was made with the help of AI-driven research. ✌️