Results


An AI bot operated by Wells Fargo just slapped sell ratings on Google and Facebook

#artificialintelligence

And here comes an AI bot developed by stock analysts at Wells Fargo Securities. According to their note to clients on Friday, reported by Bloomberg, the AI bot promptly slapped a "sell" rating on Google and Facebook. Last month, a group led by Ken Sena, head of Global Internet Analyst at Wells Fargo Securities, introduced this "artificially intelligent equity research analyst" or AIERA. This is in blatant contradiction to Wall Street's human hype machine, which has 42 "buy" recommendations out of 47 ratings on Facebook, according to Bloomberg, and 34 "buy" recommendations out of 41 ratings on Alphabet.


Investors are losing out on billions because tech stocks don't pay dividends

USATODAY

If Alphabet, Amazon and Facebook (along with Berkshire Hathaway) paid shareholder dividends at the 2.37% average yield of other S&P 500 companies that do so, it would shake out another $32.2 billion for investors, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. How to choose a smart speaker More: Here's one way Google envisions search changing for you But don't expect these tech companies to pay a dividend anytime soon. "During the 1990s, tech didn't typically pay dividends and they drove the stock market back then," said Kim Forrest, senior equity analyst at Fort Pitt Capital. The S&P tech sector had a dividend yield of 1.36% during the third quarter, the lowest of the 11 sectors and well below the overall S&P 500 of 1.97%, according to Silverblatt.


Artificial Intelligence, Machine Learning, and Deep Learning: A Primer for Investors @themotleyfool #stocks $GOOGL, $NVDA, $GOOG

#artificialintelligence

Instead of preprogramming software to complete a specific task, as narrow AI does, machine learning uses algorithms that allow a computer to learn from the vast amounts of data it receives so it can complete a task on its own. International Business Machines uses deep learning powered by NVIDIA's graphics processing units (GPUs) to comb through medical images to find cancer cells. The company makes the graphics processors that are integral in AI, machine learning, and deep learning, and lots of companies already look to NVIDIA's hardware to make their AI software a reality. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Facebook, and Nvidia.


Amazon Is Scouring the Globe for AI Talent @themotleyfool #stocks $GOOGL, $AMZN, $GOOG

#artificialintelligence

Earlier this year, Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), a pioneer in the AI revolution, revealed that it would launch Google Brain Toronto, the second such research facility in the Great White North. Amazon has revealed plans to build a new AI research hub in Barcelona, Spain, which will be located in the city's 22@ start-up district, and plans to hire more than 100 scientists and software engineers to staff the facility over time. Earlier this year the company expanded its research and development center in Cambridge, England, by adding a 60,000-square-foot facility to house over 400 "machine learning scientists, knowledge engineers, data scientists, mathematical modelers, speech scientists, and software engineers" according to a press release. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Amazon.


Crushing the old economy: Robotics, artificial intelligence fund has tripled the Dow this year

#artificialintelligence

The Global X Robotics and Artificial Intelligence ETF (BOTZ) is up 30 percent this year and the ROBO Global Robotics and Automation Index (ROBO) is up 25 percent. The upward trend in robotics and artificial intelligence stocks is one proponents say, in the long-term, could top the so-called FANG stocks -- Facebook, Amazon.com, Each FANG stock has rallied 20 to 50 percent this year and the companies are increasingly focused on using technologies such as artificial intelligence, or AI, to develop their businesses. That jump in assets under management makes BOTZ the youngest fund in Global X's top 10 largest funds, according to Jay Jacobs, director of research and vice president at Global X Funds. "Google is betting on the right long-term trends (Google, AI, AR, VR)," Munster said in a note from his new firm Loup Ventures, a venture capital firm focused on artificial intelligence, robotics, virtual reality and augmented reality.


The Japanese Company Betting Billions to Prepare for the Singularity

WIRED

It spent billions creating a self-driving car, started Google Fiber to bring ultra-high-speed internet to the masses, and acquired the Darpa-backed robotics company Boston Dynamics. SoftBank is perhaps most famous in the U.S. for its ownership of Sprint, but it's spent the last two years investing in, acquiring, or founding a vast, if head-scratching, array of tech companies. It started a self-driving bus company with Advanced Smart Mobility; invested $1.2 billion in OneWeb, the satellite internet company founded by former Googlers; and purchased both Boston Dynamics and fellow robotics company Schaft from Alphabet. It's got assets, of course-- Son decided to sell off SoftBank's $7.9 billion share in Alibaba last year to help finance its $32 billion acquisition of ARM, the company behind the chips that power the vast majority of smartphones and tablets.


For NVIDIA, Gaming Is the Story Now, but Artificial Intelligence Is the Future -- The Motley Fool

#artificialintelligence

Data center revenue nearly tripled year over year last quarter, making the platform NVIDIA's most powerful growth engine. Here's how quickly the platform has grown as a percentage of NVIDIA's business: In just two years, the data center segment has grown from just 7.6% of NVIDIA's total quarterly revenue to more than 21%. 1 automaker, Toyota, will use the DRIVE PX 2 platform to power its autonomous driving systems on vehicles slated for market introduction. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Baidu, Facebook, and Nvidia.


SoftBank Acquires Boston Dynamics and Schaft

IEEE Spectrum Robotics Channel

As Google's robotics group (eventually absorbed by Alphabet's advance tech division X) continued to not produce all that much and began slowly losing talent, the rumors were that Boston Dynamics in particular was looking for a new owner, and they've found one, in SoftBank. Here's the press release, which sadly will not tell you all that much more than our headline: SoftBank Group Corp. today announced a subsidiary of SoftBank has entered into a definitive agreement to acquire robotics pioneer Boston Dynamics from Alphabet Inc. Marc Raibert, CEO and founder of Boston Dynamics, said, "We at Boston Dynamics are excited to be part of SoftBank's bold vision and its position creating the next technology revolution, and we share SoftBank's belief that advances in technology should be for the benefit of humanity. As part of the transaction with Alphabet, SoftBank has also agreed to acquire Japanese bipedal robotics company Schaft.


Nvidia announced a plan to go up against Amazon, Google and Microsoft

#artificialintelligence

Nvidia, a company that sells graphics cards for computers and other devices, Wednesday announced the launch of a cloud service for developers to train artificial intelligence models. But the company, whose stock has been on a tear this week, already sells technology to the biggest cloud companies -- Amazon, Alphabet, and Microsoft -- to do just that. What it means is that Nvidia plans to directly compete with Amazon Web Services (AWS), Microsoft's Azure, and Alphabet's Google Cloud Platform -- who it now sells its graphics processing units (GPUs) to for their cloud services. The move could lead companies that need these services to forgo the biggest cloud companies and go directly to Nvidia.


Alphabet's Sidewalk Labs Eyes Toronto for Its Digital City

@machinelearnbot

Sidewalk Labs LLC, the urban innovation unit of Page's Alphabet Inc., has applied to develop a 12-acre strip in downtown Toronto, responding to a recent city agency request for proposals, according to two people familiar with the plans. Before applying in Toronto, Sidewalk Labs discussed creating a district in Denver and Detroit with Alphabet executives, according to the people. In a speech last week at the Smart Cities NYC conference, Sidewalk Labs Chief Executive Officer Dan Doctoroff said the firm is exploring development of a "large-scale district." So far, the most visible project is LinkNYC, a network of ad-supported Wi-Fi kiosks in New York City run by Intersection, a Sidewalk Labs investment.