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Welcome to our weekly edition of AI & Finance™!
Friends, this week we had an amazing call with a young woman looking to launch an AI-powered wealthtech firm by EOY. Her "go to" news resource? AI&Finance, of course. It's gratifying to know we're making a difference and inspiring entrepreneurs to pursue their dreams. Meanwhile, we delve into data centers in this week's education column, and have SO MUCH NEWS to report in VC and the sector at large...CHECK IT ALL OUT BELOW!
Occasionally we like to take in some of the counterprogramming on artificial intelligence, so this week to lead off AI and Finance we're going to mention some of the recent negative reporting on the technology. Meanwhile, we have 16 AI&Finance news items to share with you...CONTINUE HERE
This week in AI Education, we're going to visit the now ubiquitous topic of data centers. Data centers themselves are not just a decades-old computing concept, they've been used in practice for decades as well. However, the continued proliferation and evolution of artificial intelligence is inextricably tied to data centers....CONTINUE HERE
This past week we did not see a single deal pass the $100M mark for the first time in a while, but venture capital dollars continue to pour into the AI sector. This week's top deal came in at $75 million from the housing and real estate sector, where EliseAI's series D round saw the firm valued at more than $1 billion...CONTINUE HERE
The controversy surrounding California's SB 1047 and its attempt to regulate AI is gaining steam-from both supporters and detractors. This week, the bill, now titled the "Safe and Secure Innovation for Frontier Artificial Intelligence Models Act," is poised for a critical vote in the California state assembly...CONTINUE HERE
Apple, NVIDIA, and OpenAI may soon have a cordial relations | Google was in the news for all the right reasons | Twitter's/X's AI tool received an upgrade following complaints | Plus, Oprah is getting in on the AI action with several interviews in September | Also, Amazon's GenAI is coming with a moderate price tag
Source: thefinancials.com | Updated every 30 minutes, M-F during market hours
The DWN AI Index™ is a benchmark stock index of the artificial intelligence (AI) sector. The index is comprised of a diversified group of stocks deriving a significant percentage of their revenue from AI applications. REVIEW HISTORICALS HERE
STOCKS COMPRISING DWN AI INDEX:
Amazon (AMZN) * Arista Networks (ANET) * AI (C3.ai) * CrowdStrike Holdings (CRWD) * Duolingo (DUOL) * iRhythm Technologies (IRTC) * Microsoft Corporation (MSFT) * NVIDIA Corporation (NVDA) * Palantir Technologies (PLTR) & * Taiwan Semiconductor * Manufacturing (TSM)
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