Elon Musk made headlines this week about his plans to launch a rival to artificial intelligence startup OpenAI. Meanwhile, for investors looking to AI stocks, next week will be busy with upcoming earnings. microsoft (MSFT), parent of Google alphabet (GOOGL) and Amazon.co.jp (AMZN).
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Tesla (TSLA) founder and Twitter owner Elon Musk continues to call for AI regulation. Musk, who co-founded OpenAI, left the company in 2018.
Now Musk has created a new artificial intelligence company called X.AI.
“We’re going to launch what we call ‘Truth GPT,’ or the biggest truth-seeking AI that will try to understand the nature of the universe,” Musk told Fox News.
Artificial intelligence is added to Musk’s plate, which runs the social media company Twitter. Tesla shares tumbled this week after the electric-car maker reported earnings amid concerns about margins.
AI in earnings news
Meanwhile, executives at Microsoft, Google, and Amazon will no doubt receive regulatory and competitive questions from analysts covering AI stocks in their respective earnings calls. Microsoft and Google will report on his April 25th. Amazon will follow on April 27th. Microsoft is the largest investor in OpenAI.
revenue of apple (AAPL) has no deadline until May 4 amid growing questions about its AI strategy. One view is that Apple is far behind in generative AI and chatbot technology.
Meanwhile, in regulatory filings, Alphabet says it will merge DeepMind and Google’s brain research teams into a single unit for its AI efforts. Costs associated with the new units will be reported as unallocated corporate costs beginning in the June quarter.
The move will help improve the profitability of Alphabet’s cloud computing business, according to a UBS report.
Also the biggest news from software makers AtlassianThis week’s (TEAM) user conference was the announcement of “Atlassian Intelligence”. OpenAI and large-scale language model technology are embedded as a foundational element of all of the company’s cloud offerings. Atlassian’s earnings release is on May 4th.
AI Stocks: Data Center Chip Makers
Additionally, at Bank of America, chip industry analyst Vivek Arya explored AI-related upgrades in Internet data centers in a report published on April 19.
“Proliferating AI workloads in cloud/enterprise data centers are moving away from traditional x86-based INTC/AMD server CPUs to dedicated accelerators (such as custom chips from Nvidia and Broadcom/Marvell). It could shift computing power/value,” said Arya.
Many investors are familiar with Nvidia’s AI roadmap.but broadcom (AVGO) and marvel technology (MRVL) has not been spotted as a potential AI stock to watch.
Follow Reinhard Krause on Twitter @reinhardtk_tech See the latest in 5G wireless, artificial intelligence, cybersecurity and cloud computing.
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