October 2024 - AINewsWire

ThursdayOct 31, 2024 10:00 am

JPMorgan Data Shows AI is Poised to Dominate US Stocks’ Performance

A new report shows that American companies are dominating the international stock market size-wise. The report was released by JPMorgan Asset Management, with the firm attributing the boom to AI. The firm forecasts that market capitalization shares of American companies, in comparison to total international equity markets, will drop from 64% to 60% by 2037. Monica Issar, the firm’s Global Head of Multi-Asset and Portfolio Solutions, stated that America would continue to lead by market capitalization share as AI benefits expanded beyond major companies that had thus far dominated the market rally. Issar based her forecast on improvement in margins…

TuesdayOct 29, 2024 10:00 am

Radio Station in Poland Relaunches with AI Presenters Replacing Humans

OFF Radio Kraków, a radio station in Poland, relaunched last week with a twist: AI presenters. In its statement, the station revealed that its new presenters were designed to reach younger audiences by discussing art, cultural, and social issues. Marcin Pulit, the head of the station, added that they were also focused on finding out whether AI was a threat or an opportunity for radio, media and journalism. The station’s dismissal of journalists weeks ago in favor of virtual presenters generated by artificial intelligence received a lot of backlash, especially after it received nationwide attention. This came after journalist and…

MondayOct 28, 2024 10:30 am

Tiny Island in the Caribbean Gets Windfall as AI Boom Gathers Steam

While it is common knowledge that investors in tech firms like Nvidia Corp. (NASDAQ: NVDA) are accumulating fortunes from AI, the island of Anguilla is also minting serious cash from this industry. This started at about the time ChatGPT went public and set off a frenzy among companies wishing to get websites ending in .ai. Cue in Anguilla. This British territory in the Caribbean didn’t know it had struck future gold when, by a stroke of luck, it was allocated the .ai internet address back in 1995. Each country has a unique internet address for sites located within its jurisdiction,…

FridayOct 25, 2024 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX): Tapping into Argentina’s Growing Copper Potential

Argentina is rapidly emerging as a key player in the global mining industry, positioning itself to become a significant producer of copper and other minerals critical to the world’s clean energy transition. The country’s ambition to rank among the top ten copper producers by 2030 reflects its immense potential, driven by vast untapped mineral reserves, recent policy reforms, and a growing pipeline of mining projects. Currently, Argentina holds an estimated 75.5 million metric tons of copper reserves, representing about 3% of the global total (https://ibn.fm/XkBiO). Although this is modest compared to copper giants like Chile and Peru, Argentina’s improving investment…

FridayOct 25, 2024 10:00 am

Nuclear Stocks Rise as AI Creates Energy Crunch

Analysts say the proliferation of artificial intelligence (AI) technology across several industries is increasing energy demand and boosting the value of nuclear stocks. AI is consuming increasingly larger amounts of energy and analysts see new nuclear energy opportunities thanks to the resultant spike in energy demand. Alongside data centers run by tech giants like Google and Microsoft Corp. (NASDAQ: MSFT), AI technologies are causing electricity demand to soar and could potentially provide opportunities for growth in nuclear stocks, Mizuho research analyst Anthony Crowdell says. Speaking in a recent interview with BNN Bloomberg, Crowdell says that before the recent surge in…

FridayOct 25, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Discusses Quantum Optimization, Presents Customer Success Stories at 2024 INFORMS Annual Meeting

D-Wave’s Vice President of Quantum Technology Evangelism, Murray Thom, was a featured speaker at the event’s Technology Showcase, detailing how D-Wave quantum technologies can tackle complex optimization problems. D-Wave’s Staff Technical Advisor Catherine Potts led an exhibitor workshop covering the fundamentals of quantum computing and demonstrated real-world cases. Participants were given the opportunity to explore D-Wave’s Leap(TM) real-time quantum cloud service, which features a portfolio of hybrid solvers able to deal with problems involving millions of variables and constraints. The 2024 INFORMS Annual Meeting was expected to attract 6,000 attendees, including members, students, prospective employers and employees, as well as…

ThursdayOct 24, 2024 10:00 am

Meta to Launch AI Models with Capability to Check Work by Other Models

Last week, Meta Platforms Inc. (NASDAQ: META) announced that it’d be launching new artificial intelligence models from its research division. The new models, which would include an evaluator that’s self-taught, may reduce the involvement of humans in the AI development process. They also support Meta’s objective of achieving advanced machine intelligence while also supporting reproducibility and open science. The launch follows the company’s introduction of the tool in a paper which explained how it depended on the same technique used by the recently rolled out o1 models to make reliable judgments about responses given by a model. This technique breaks…

WednesdayOct 23, 2024 9:00 am

Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) will Capitalize on the Growing Demand for AI Resources

Artificial intelligence is rapidly reshaping the landscape of economies around the world. Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade. As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven’t considered that critical minerals, such as copper, gold and silver, are vital components of this burgeoning industry. To put the skyrocketing demand…

MondayOct 21, 2024 10:00 am

AI Helps US Treasury to Combat Financial Crime

New data shows that artificial intelligence has aided the U.S. Department of Treasury in analyzing data and recovering $1 billion worth of check fraud in the fiscal period of 2024. This is almost three times what the department has recovered in the 2023 fiscal year. In a phone interview, a top official at the Treasury, Renata Miskell, noted that using artificial intelligence had been transformative. Miskell added that this had improved the department’s fraud prevention and detection game. The department also credited the tech with assisting officials in recovering and preventing over $4 billion worth of fraud overall in the…

FridayOct 18, 2024 1:30 pm

Groundbreaking Work on AI Wins Duo Nobel Prize in Physics

Geoffrey Hinton, undeniably referred to as “the Godfather of AI,” has been awarded the Nobel Prize in Physics alongside John Hopfield for their groundbreaking work that triggered the development of machine learning, the science behind artificial intelligence as we know it today. The duo got this global recognition for the foundational work that they did that made it possible for various AI applications and products to become a reality. Hinton, a University of Toronto-based computer scientist and his peer Hopfield, a Princeton University professor, shared a $1m cash prize that came with their coveted award. The ceremony recognizing the pair…

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Month: October 2024