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Welcome to our weekly edition of AI & Finance™!
There's so much AI in Finance news to get to this week, we're going to dispense with most of our introduction so we can get to the headlines. Of course, we're going to give you a little taste of some of the financial AI numbers and news before we dive in. IT spending is up-at the same time, businesses implementing generative AI are notching profitability gains over those that are not yet using the technology. Generative AI is demonstrably helping businesses make more money, and thus, businesses are spending more money to implement AI. The AI adoption acceleration continues... CONTINUE HERE
Put simply, a neural network is an interconnected structure of neurons. These can be biological neurons, like the ones in our central nervous system, theoretical mathematical neurons, or artificial neurons, units of computing capability. We're going to focus in on the last definition, that of an artificial neural network. The hope is that by building a machine that is structured like a brain, we can construct a more capable artificial intelligence...CONTINUE HERE
This week's top reported deal, per FinSMEs, was actually a tie at $100 million from the robotic manufacturing and customer support sectors. Path Robotics makes very large, automated welding equipment, while Decagon specializes in AI customer support agents. The next biggest announcement was in the healthcare space, where Suki brought in an impressive $70M Series D round. The top five also included companies in the customer service and enterprise AI spaces.... CONTINUE HERE
Our inaugural Big Sky AI Roundtable being held in Bozeman, Montana is less that two weeks away! Below we've recorded some quick videos with our four presenting sponsors in advance of the event, to share what they plan to be presenting at the conference. Check them all out!!
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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