Benchmark analyst Cody Acree has initiated coverage on Qualcomm Inc with a Buy rating and a price target of $200. Acree believes that Qualcomm is well-positioned to capitalize on the industry’s trends of shifting AI computational inferencing workloads to the very edges of the network, where the company is leveraging its strengths in wireless connectivity and computing to lead the market in the ramp of generative AI smartphones and AI-PCs.
Meta’s Ray-Ban smart glasses have received a significant AI update, introducing multimodal input capabilities. Users in the U.S. and Canada can now interact with the glasses by asking questions and viewing what the glasses see. Additionally, Meta is adding new Ray-Ban styles, including the Skyler and Scuderia Ferrari frames, and expanding live streaming capabilities to WhatsApp and Messenger.
Consumer Watchdog has raised concerns about Insurance Commissioner Ricardo Lara’s proposal to allow insurance companies to use private black-box models and AI to predict the risk of catastrophic wildfires, arguing that it will lead to higher home insurance rates without transparency or accountability. The proposal does not require testing of models for accuracy or fairness, does not establish uniform standards for their use, and keeps models secret. Consumer Watchdog urges the creation of a public model open to scrutiny and opposes the use of catastrophe models to charge higher rates unless there is public oversight and review.
As artificial intelligence (AI) tools become more accessible, deepfakes are emerging as a threat to the integrity of elections. Deepfakes, which are manipulated audio or video content, can be used to spread misinformation, damage reputations, and interfere with the democratic process. While some experts believe that deepfakes could have a significant impact on elections, others argue that their potential is overstated. In addition, there is a lack of regulation and enforcement mechanisms to prevent the misuse of deepfakes. As a result, it is important for individuals to be aware of the potential risks of deepfakes and to take steps to protect themselves from being misled.
US stocks are continuing to gain momentum on Tuesday, with the Nasdaq leading the charge. Investors are impressed by the first wave of company earnings, with Spotify, General Motors, and GE all reporting strong results. Tesla is set to release its earnings after the market closes, and analysts are eager to see if the hype surrounding EVs has been replaced by AI. In other news, new house sales data revealed that the market accelerated faster than expected in March.
Witness the enchanting transformation of beloved Harry Potter characters into charming Pixar counterparts. From the playful Ron Weasley to the enigmatic Lord Voldemort, these AI-generated images capture the essence of the magical world in a vibrant and heartwarming style.
IBM is set to release its first-quarter earnings report on April 24th, with analysts anticipating earnings per share of $1.59 and revenues of $14.54 billion. While concerns exist about potential weakness in the consulting business, analysts remain optimistic, citing improving macro and IT spending data points. The company’s AI business is expected to be a key focus for investors as enterprises increasingly adopt AI tools to enhance productivity. IBM’s revenue is also likely to benefit from the recent sale of Weather Company assets.
Netflix’s ‘The Mother’ trailer unveils a wild combination of words: ‘the Jennifer Lopez mecha movie.’ Initially portrayed as a tale of Atlas’s horror upon landing on an alien world in a giant robot, the new trailer reveals a deeper plot. Jennifer Lopez’s character, Atlas, becomes distrustful of AI after pursuing Harlan, an AI robot designed to assist humanity but turned against it. When a mission goes awry, Atlas is forced to compromise and work with Smith, an onboard intelligence, to learn the art of defeating enemies with a giant robot. Despite its captivating premise, the film’s message about embracing AI appears oddly timed amidst skepticism about AI’s use in creative fields.
Microsoft and The Coca-Cola Company have announced a five-year strategic partnership to align Coca-Cola’s core technology strategy, foster innovation, and enhance productivity. As part of the partnership, Coca-Cola will leverage Microsoft’s Cloud and AI platform, including Azure OpenAI Service, Copilot for Microsoft 365, and other solutions. This collaboration underscores Coca-Cola’s commitment to ongoing digital transformation and the adoption of leading-edge technologies.
Super Micro Computer (SMCI) has experienced a significant correction, but the company’s fundamentals remain strong. Despite the pullback, SMCI is trading at a forward P/E ratio of only 23, which is exceptionally cheap for a company with its sales and profitability growth potential. SMCI’s guidance for its upcoming fiscal Q3 earnings is excellent, and the company is well-positioned for long-term growth. However, investors should be aware of the risks associated with investing in SMCI, including competition, market saturation, margin pressure, macroeconomic factors, and heightened expectations.
