Top 15 AI News and Ratings Trending in Financial Media
In recent finance news, there are some exciting developments in the world of artificial intelligence (AI) that are making waves on financial media platforms. Let’s dive into some of the latest updates!
First up, xAI, an AI startup founded by billionaire Elon Musk, is projected to surpass $100 million in annual revenue. Rumor has it that they may even be launching a standalone app for their Grok chatbot as soon as next month. Interestingly, most of xAI’s revenue comes from companies that Musk is involved with, as Grok is currently only available to users of the X social network and is being used for customer service for Starlink internet users. Grok is in competition with other AI chatbots like ChatGPT and Gemini.
In other news, ByteDance, the parent company of TikTok, is taking legal action against a former intern for $1.1 million. The intern is accused of sabotaging their AI large language model training infrastructure by manipulating code and making unauthorized modifications. This case is drawing attention due to the focus on AI LLM training, a technology that has global interest.
For those interested in investing in AI stocks, you might want to take a look at Symbotic Inc. (NASDAQ:SYM). The company specializes in automation technology to improve operations in modern warehouses. Recently, analyst Matt Summerville downgraded the stock, citing delays in financial filings as the reason.
Overall, AI is a rapidly growing field with immense potential for investors. Stay tuned for more updates as this exciting industry continues to evolve!
