20 AI News Investors Should Not Miss

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1. Amazon.com Inc (NASDAQ:AMZN)

Number of Hedge Fund Holders: 308

Amazon.com Inc (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. Amazon.com Inc (NASDAQ:AMZN) uses artificial intelligence for everything from reinventing shopping experiences to optimizing supply chain, and more with generative AI powered by Amazon Web Services (AWS).

On Tuesday, October 22, Amazon.com Inc (NASDAQ:AMZN) backed Anthropic announced that it has reached a new artificial intelligence milestone for the company. Anthropic is an AI safety and research company that aims to build reliable, interpretable, and steerable AI systems. The company has released an upgraded version of its Claude 3.5 Sonnet model. The model can understand and interact with any desktop app via a new “Computer Use” API, now in open beta. It can imitate keystrokes, button clicks, and mouse gestures, just like a human.

“We trained Claude to see what’s happening on a screen and then use the software tools available to carry out tasks. When a developer tasks Claude with using a piece of computer software and gives it the necessary access, Claude looks at screenshots of what’s visible to the user, then counts how many pixels vertically or horizontally it needs to move a cursor in order to click in the correct place.”

– Anthropic.

The feature was released in public beta on Tuesday, and it is expected that it will be open to consumers and enterprise clients over the next few months.

“We want Claude to be able to actually assist people with all sorts of different kinds of work, and we think the chatbot setup is fairly limited because you can ask a question and [get] context but it stops there”.

-Jared Kaplan, Anthropic’s chief science officer

Overall, AMZN ranks first among the 20 AI News Investors Should Not Miss. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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