We recently published a list of 11 AI news and notes you can’t miss. In this article, we’ll take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stacks up to other can’t-miss AI news and reviews.
There has been a lot of buzz around AI startups in recent years, with fundraising reaching hundreds of millions of dollars and valuations reaching record levels. For example, OpenAI, of ChatGPT fame, has become the most valuable private company in the world with a value of over $150 billion in recent weeks. No other tech startup in U.S. history has ever been so valuable before a public offering. This valuation reflects the unlimited potential of AI. The latest reports, published by news agency Reuters, reveal that the startup is currently in talks with authorities in California, where it is based, about a change in business structure that will allow it to become a for-profit company.
Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.
In 2015, OpenAI was founded as a nonprofit AI research lab. The move to the for-profit label will likely make the company even more attractive to investors. OpenAI counts many big tech names as investors, including giants like Microsoft. Reports suggest that since the first billion invested in the startup in 2019, the tech giant has invested another $12 billion in the AI company, bringing the total investments in the startup to around $13 billion. The hefty capital spending has sparked concerns about threats to the company’s fat margins and increased pressure on profitability. Market intelligence firm Visible Alpha estimates that the tech giant’s capital spending for a single quarter is now higher than its annual spending through fiscal 2020.
ALSO READ: 30 The Most Important AI Stocks According to BlackRock And Beyond Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analyzes and press releases. These stocks are also popular among hedge funds.
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