![]() ![]() It introduced Ernie as it's known in English, which is its conversational generative AI. We are seeing Baidu spike after it came out and talked about its chat bot that it's coming out with, and just if we can look at the extended trade for some of these guys.īecause Baidu shares are up 12% this morning. Of course, I want to mention quickly a couple of other areas, though, where we're seeing this because we've got to talk about what's happening in China as well this morning. I mean, I think that investors really have to be careful about this. But you also have to be- like, OK, so all of you're saying the thesis that you're talking about is it worth this, though? Is the cost savings and cost, et cetera, are the increased places for ads, is it worth it to a 218% spike in this particular company? I mean, this is going to be, I personally think, a big problem, at least in our business news field. Is there a human? Is there a human component? Especially when it comes to stock market trading material. From a pure media perspective you're opening up these articles. And as a reader, you have to be careful. Well it makes you think that eventually we're going to see a listicle eight of the best chat and generative AI tools that are out. ![]() I mean, that's very simplistic, but that's why I think you're seeing some of these pops in these stocks. But even more broadly outside in the core tech industry, you're thinking more bots, more Chat CPT-type things. Maybe these companies stocks go even higher. More ads, you bring in more money, better profits, et cetera. And for these businesses, you might be wondering, well, why are these stocks seeing a pop? What is AI doing for them? And just from the media standpoint, it might be increased content. Of course, they publish "Sports Illustrated" in my former home, the Street. Well, let's stay on BuzzFeed, I'll even add the arena group too. Whether it's warranted, guys, I think kind of remains to be seen. So obviously, there's a lot of enthusiasm around this. It just went public in about 2020.Įven something like a BuzzFeed, right? The obviously news and entertainment site said it was going to use an AI bot to make some of its lists, and this is what the stock did. Those shares are more than doubled for the year-to-date. So that's just one example, right? You have other companies like C3.AI, which was founded by the software pioneer, Thomas Siebel. It's down from then, but obviously has had a big climb this year. It came public through a SPAC, and that happened back in 2021. It serves the Department of Defense, Air Force contracts, and the like in its various artificial intelligence services. Now, what does this company do? Something with artificial intelligence. What I'm going to do is switch to a year-to-date look for many of these companies because a couple of them have caught my eye in particular. ![]() So these are some of the stocks that we have seen affected by all of this. Chat GPT really capturing public imagination with a sort of realistic artificial intelligence bot that one can interact with, and a lot of imagination that has sparked about what changes that can make. So that is probably the pattern that we are going to see follow with artificial intelligence. And it's not that blockchain doesn't exist anymore, it's just not as hyped as it was. The stocks would go crazy.īut obviously, that's a lot less popular now, and that really is mimicked many different hype cycles that we have seen. And as I note in the "Morning Brief," it feels a little like 2017 when a lot of different companies were appending blockchain to their name, or saying they were doing things with the blockchain. We've been noticing all of the spikes in stocks that have anything to do with AI. That's what I wrote about in this "Morning Brief," and it was inspired by conversations that we've been having on set. ![]()
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