Welcome to AI News Today, your daily roundup of the AI industry.
Citi analysts: Take profits on soaring AI stocks
Citing concerns of higher market volatility, analysts at Citi (NYSE: C) are encouraging investors to lock in profits on high-flying AI stocks like NVIDIA (NASDAQ: NVDA). To mitigate the risks associated with overinvestment, the analysts recommend rebalancing portfolios to include a broader range of AI stocks across the value chain. Investor sentiment is divided, with some backing incumbent leaders and others seeing potential in utilities and infrastructure providers integrating AI technologies. For more information, please visit the TDR website.
American Medical Association Approves Tempus Algorithm Test
The American Medical Association has granted Tempus AI, Inc. (NASDAQ: TEM) a PLA code for its PuristSM algorithm testing. This certification marks a major step forward toward the integration of AI in medical diagnostics.
Corning stock soars as AI demand surges
Corning Incorporated (NYSE: GLW) shares rose 12% on better-than-expected demand from the AI boom. The company's innovative glass and textile products are key components of AI infrastructure.
AI video startup valued at $500 million
A new funding round has valued the AI video startup, which specializes in using AI to enhance video content creation and distribution, at $500 million.
AI is expected to save professionals 12 hours of work each week by 2029
The new Future of Professionals Report from global content and technology company Thomson Reuters predicts that AI will save professionals 12 hours a week by 2029. This efficiency gain is due to advancements in automation and smart tools.
Microsoft won't block access to Chinese AI models
Microsoft (NASDAQ: MSFT) announced that it will not follow OpenAI's policy of restricting access to Chinese AI models, a decision that underscores the company's commitment to maintaining open access to AI technology.
Manitoba Farms Leads AI Agricultural Innovation
Manitoba farms are pioneering the use of AI in agriculture, an initiative aimed at improving farming efficiency and crop yields through advanced AI applications.
Read more AI news on the TDR website.
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