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Federal Reserve officials are still persistent on hiking interest rates in the coming months amid inflationary pressures in the U.S. This is a crippling headwind for most tech stocks, as their valuations are tied to future growth, and thus become less attractive investments compared to bonds when rates increase. The possibility of interest rate hikes sending the economy into a recession is also making investors more cautious about tech companies that have relied for decades on debt to finance their growth.
Billionaire investing legend Bill Ackman (Trades, Portfolio) is a man on Wall Street who's worth keeping up with in my opinion. The man behind Pershing Square Holdings ( LSE:PSH , Financial) has a magnificent track record, and though there have been some fumbles along the way (think Valeant Pharmaceuticals or the quick loss from Netflix ( NFLX , Financial)), Ackman has been able to recover in impressive fashion.
While artificial intelligence development has been happening for decades, recent leaps forward have been staggering. Alphabet's CEO recently promised his company would join a group of other volunteers to help steer the progression of AI.
Advances in artificial intelligence have many of the biggest names in technology weighing in on what the future could hold. Bill Gates believes the winner of the AI race will be the company that develops a top-tier "personal agent.
Investors have been spellbound by recent advances in generative AI. Nvidia just helped illustrate the massive demand for all things AI with strong results and a blockbuster forecast.
The EV upstart is on the right path, says one analyst.
Google has two advantages that favor developers adopting the AI model powering Bard instead of the one powering ChatGPT. The company has infused its latest AI technology into over 25 new products.
The former chief executive and chairman of Google, Erich Schmidt, has warned that artificial intelligence has the power to kill “many many people” in the future. Schmidt raised concerns about the “existential risk” of machine learning, warning that the fast-paced growth of the technology could be hard to contain.
Windows Copilot is an AI-powered personal assistant that works across its latest operating system. Bill Gates believes that personal assistants will shape who wins and loses in the AI race.
Nvidia's chips are the backbone of AI technology, which puts the company in a terrific position to take advantage of a massive opportunity. Alphabet enjoys a dominant position in multiple lucrative markets, and AI could help it maintain its lead over its rivals.