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We Tried )ut Sam Altman’s Eyeball-Scanning Worldcoin Orbs. It’s Not What We Thought – Insider

To verify that they’re human rather than AI, new members need to let Worldcoin employees scan their irises using devices described as orbs. In exchange, they receive a “World ID” and 25 crypto tokens. —But in the interests of journalism, we headed to a Worldcoin pop-up in London’s financial district on Wednesday afternoon to check out his new project.

Wall Street’s Top Analyst Calls (Upgrades/Downgrades) – Yahoo Finance

The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. — Also the Highest Short Interest Stocks- Allogene ($ALLO) short interest 53% – Carvana ($CVNA) short interest 47% – Lucid ($LCID) short interest 41% – Symbiotic ($SYM) short interest 40% – Upstart ($UPST) short interest 39%

Is This AI Stock On The Verge Of A Monster Short Squeeze Breakout? – MarketBeat

C3 has surged 269% year-to-date, outperforming the market and competitors, raising the possibility of an imminent outsized short squeeze, but despite a bearish outlook by many, the bullish case for the company remains strong due to its significant position in the enterprise AI space and potential for growth the AI market. —From a technical analysis perspective, C3.ai‘s chart signals a promising opportunity for bullish momentum traders and investors, with a potential breakout looming above the $44 level

Cathie Wood Speaks Her Mind on Tesla, Meta, Nvidia, AI, and More -Barrons

Barron’s talked with once the darling of Wall Street, Cathie Wood in mid-July about future innovations, including her bold predictions for Tesla’s robotaxi fleet, her bullish view of cryptocurrencies, and the beneficiaries of generative AI. An edited version of the conversation is in the article.

A Young Cathie Wood



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🤖 AI And The Markets

Generative AI To Unleash Roaring ’20s Productivity Boom And S&P 500 Bull Market

Analysts are even talking about a new Roaring ’20s fueled by AI. Experts say generative AI could launch a surge in productivity after a 17-year slump. A productivity pickup couldn’t come at a better time, as a worker shortage and aging population fan inflationary pressures. —”We are in desperate need of a new source of growth,” Here’s what you need to know.

AI Lesson For Microsoft And Google: Spend Money To Make Money

AI is expected to pay off big for tech giants including Microsoft MSFT-Q +1.70%increase and Alphabet GOOGL-Q +0.56%increase some day. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday. Microsoft said costs rose sharply as it built new data centers to support AI and that capital expenditures will continue to rise as it buys chips from the likes of Nvidia Corp.

Nvidia Wins Again —Two Takeaways From This Week’s Mega-Cap Earnings

The team expects elevated levels of investment in its technical infrastructure increasing through the back half of 2023 and growing more in 2024. The primary driver is to support opportunities in AI across Alphabet, including investments in GPUs and proprietary TPUs as well as data center capacity.” CEO Sundar Pichai even mentioned the Nvidia’s H100 as the chip powering the company’s new “A3 AI supercomputers.”

Wall Street’s Use Of AI And Data Analytics Faces New SEC Rules – Bloomberg

The US Securities and Exchange Commission is releasing a plan on Wednesday to root out what Chair Gary Gensler has said are conflicts of interest that can arise when financial firms adopt the technologies. The agency will also consider whether to adopt final rules requiring companies to disclose serious cybersecurity incidents within four business days after they’re deemed significant.



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🤖 AI And The Markets

Big Tech Earnings Will Test Investors’ Fervor For A.I. – NY Times

Nasdaq was up on Tuesday, ahead of a Big Tech earnings bonanza that kicks off when Microsoft and Alphabet report second-quarter results after the closing bell. One question is at the top of many investors’ minds: Is the hype around artificial intelligence, which has propelled tech giants’ stock prices sky-high in recent months, justified, or is this the end of the road?

Palantir Announces New Partnership With J.D. Power – AutoNews

“We wanted to ride that AI trend,” J.D. Power’s Chief Digital Officer said. “We have the best data sets in the world, the industry has big problems to solve, and what Palantir brings is the ability to take all these data sets, apply AI and deploy AI to our clients in a way that is safe.”

JPMorgan Warns Of AI Bubble As Mega-Cap Stocks Soar – Insider

JPMorgan is unfazed by the S&P 500’s strong rally since its mid-October low and is reiterating their bearish view on stocks. “The hype around AI is brewing a bubble in the stock market that probably won’t end well for investors. The bubble is evidenced by the fact that stock concentration in the S&P 500 is at 60-year high, as the top seven companies make up more than 25% of the index.



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🤖 AI and The Markets

NVIDIA Stock: $769 by 2027 On $300 Billion AI Opportunity – Investing

“Assuming $30-100B AI revenues, we estimate implied share price to reflect AI estimates for C23-25E would be $490-$769/share, and a midpoint at ~$625 PT,” the analysts concluded. —The $769/share price implies Nvidia’s market cap at ~$1.9 trillion. Mizuho’s current price target on NVDA stock is $530 per share.

SoftBank And Symbotic Team Up To Build AI-Powered Warehouses Of The Future – Reuters

SoftBank Group is forming a joint venture with supply-chain services provider Symbotic to build AI-powered warehouses. The firms are investing a total of $100 million in the venture, which will be called GreenBox Systems. The unit has also signed a contract to buy AI-powered systems worth $7.5 billion for its warehouses from Symbotic.

AI Stocks to Buy That Could Soar Like NVIDIA – Barchart

While NVDA stock is an obvious long-term bet to capitalize on this transformative technology, the Generative AI tech offers ample growth opportunities thanks to its applicability across all industries, implying there will be multiple winners in the AI space besides NVDA. —So if you’ve missed the impressive rally in NVDA, don’t worry. Consider the shares of these stocks…

Is A Crypto Platform For Hamster Gambling Going To Drive The Next Bull Run

A website for crypto betting that streams hamster races launched last week and the price of its token $HAMS has jumped 700%+ in a 24-hour span. A week after being released, Hamster.gg daily bet volume has reached $32K with an estimate of $48K monthly revenue. As of July 23, $HAMS market cap reached a peak of over $30M


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We find ourselves in an age where the rapid advancement of technology has uprooted many aspects of life that were previously thought of as… See more

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Is AI Making Online Dating More Deceptive Or Better?


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🤖 AI and Finance

This Week AI-Powered Earnings – Market Watch

As Microsoft Corp., Alphabet Inc. and Meta Platforms Inc. prepare to report results this week, some investors are starting to ask how much those AI advancements might actually cost. —Questions have surfaced after several months during simply saying “AI” on earnings calls appeared to be enough for investors. If the economy sours though — as some expect, big tech’s AI ambitions could go with it. The article set earnings timelines and what other tech companies are also reporting this week.

Are AI Companies Overhyped?

Dow Jones Futures: Microsoft, Google, Meta Earnings Test AI-Led Rally; Tesla Expands Discounts

Technically speaking, the stock market rally still looks strong, with the major indexes right at 52-week highs with breadth robust and leadership diverse. The Nasdaq’s sell-off Thursday was fierce, but it closed the week finding support at the 10-day line. -The Nasdaq and S&P 500 are on the edge of being extended, so an orderly pause or pullback would be healthy. —A market pause would forge new buying opportunities.

ChatGPT For Android —Debuting This Week



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