Wall Street is closely watching Meta Platforms (META) for its aggressive push into artificial intelligence (AI) and its dominant position in digital advertising. The tech giant's early investments in AI infrastructure are seen as a strong engine for long-term growth, with some analysts even setting lofty price targets between $650 and $800 per share. Over the past year, Meta's revenue grew by 23% year-over-year, reaching $156.23 billion. Additionally, its operational efficiency remains impressive, boasting a return on equity of 36%.

At the Reuters NEXT conference held on December 11, Robin Vince, CEO of BNY Mellon, expressed optimism that the U.S. economy will experience growth under newly elected President Donald Trump. Vince noted that economic growth is crucial for the U.S., and Trump has made it clear that he believes in the nation's economic potential. He emphasized that as a financial institution with a 240-year history, BNY Mellon is committed to providing diversified financial services to its clients, including custody,

At the 2024 Baidu World Conference held at the Shanghai Expo Center, Li Yanhong, founder, chairman, and CEO of Baidu, announced an impressive achievement: the daily call volume of the Wenxin large model has exceeded 1.5 billion, a figure that has grown by more than 7.5 times in the past six months.

Recently, OpenAI announced an important personnel appointment, naming former U.S. Chief Economist Aaron Chatterji as the company's first Chief Economist. This former economist who worked under President Joe Biden will provide an economic perspective to OpenAI's research, focusing on the impacts of artificial intelligence (AI) on economic growth and employment prospects. Chatterji has a rich background in government work and previously served as a senior member of President Barack Obama's Council of Economic Advisers.

Recently, consulting firm Accenture released a new research report indicating that the UK's potential in generative artificial intelligence (AI) far exceeds that of other developed countries. The report shows that if this technology can be effectively utilized, the UK's economic growth could nearly double. Source note: The image is generated by AI, image licensed by service provider Midjourney. The report emphasizes that the greatest opportunity for generative AI lies in enhancing productivity, especially in the public sector. For instance, doctors could save up to five working hours each week, while business sales representatives may reduce their...

In the field of artificial intelligence, the startup Anthropic has recently made an exciting announcement. According to a latest report from CNBC, the company is expected to reach $1 billion in revenue this year, with an impressive annual growth rate of 1000%. This massive increase has shocked the entire industry, indicating strong demand for AI technology. Notably, 60% to 75% of Anthropic's revenue comes from the use of third-party application programming interfaces (APIs). This demonstrates

In the face of an unclear global economic situation, CEOs in Australia and around the world are increasingly enthusiastic about investing in generative artificial intelligence (Gen AI). This is the result of KPMG International's annual CEO outlook survey. According to the survey, 58% of Australian CEOs and 64% of global CEOs believe that generative AI is an important area for investment. The report also indicates that despite economic challenges, CEOs are optimistic about the future growth of their companies.

Goldman Sachs mistakenly attributed the decline in OpenAI's ChatGPT traffic to data analysis errors, failing to notice that domain changes distorted traffic statistics, which raised concerns in the market about the outlook for AI stocks. In reality, Similarweb data shows that the number of ChatGPT users has increased by 66.2% over the past year, making it the most popular generative AI application. OpenAI announced that its weekly active users have reached 200 million, doubling from 2022, with rapid growth in enterprise business and a continuous rise in API usage demand.

The rapid development of AI technology has propelled GPUs to become a hot commodity worldwide, with Nvidia reporting significant growth in the second quarter, exceeding $30 billion in revenue. However, powerful GPUs require adequate data centers to support the AI demand. Nvidia, along with partners, is investing $160 million in Applied Digital to expedite the construction of data centers in North Dakota, aiming to provide data center and cloud services around Nvidia's GPUs. The construction of data centers is crucial, as GPUs are expensive.

Reddit, known for its vast user community and rich data resources, has opened up new revenue streams through data licensing. The platform hosts over 100,000 active communities, attracting 76 million users daily and generating a massive amount of data that includes real-time discussions, opinions, and interactions, which is highly valuable for AI and machine learning model development. With the rapid advancement of AI technology, Reddit's data has become a key resource for training AI models. In 2023, Reddit launched its data licensing program, which is expected to grow significantly in 2024.

Dell Technologies Group's second-quarter fiscal report for 2025 demonstrates strong performance, with total revenue reaching $25.026 billion, a year-over-year increase of 9%. The Infrastructure Solutions Group performed impressively, generating $11.6 billion in revenue, a 38% increase, with server and networking revenue jumping 80% to $7.7 billion. However, the storage business reported revenue of $4 billion, down 5%. The Client Solutions Group's revenue was $12.4 billion, reflecting a 4% year-over-year decline. Demand in the AI sector continues to climb, with demand for AI-optimized servers at $3.2 billion, a 23% quarter-over-quarter increase.