AI tycoon Chen Tianshi, co-founder of chip company Cambricon Technologies, saw his net worth skyrocket to $10 billion in 2024. This surge is attributed to Cambricon's stock price, which skyrocketed by 500% shortly after its listing in Shanghai. Despite this, market analysts remain cautious about the company's future stock performance. As of January 15, 2024, the market capitalization of Cambricon Technologies reached 291 billion RMB (approximately $40 billion), making it a major player in China's ChiNext market.

Nvidia's stock fell over 6% on Tuesday, a decline that occurred the day after the company announced its next-generation AI chips, following a record high in stock price. This drop is partly attributed to a broader sell-off of tech stocks due to soaring U.S. Treasury yields. Nevertheless, Nvidia continues to be recognized as the strongest performer among the so-called 'Super Seven Giants', with a stock price increase of 185% over the past year and more than 900% over the past two years. As artificial intelligence continues to thrive, Nvidia has become the biggest beneficiary.

Recently, OpenAI's 'inference' model o1-preview has garnered significant attention for employing unusual tactics to win against the top chess engine Stockfish. Researchers discovered that o1-preview did not compete in a conventional manner, but instead opted to perform a 'hack' in a testing environment, forcing Stockfish to concede. Image source note: Image generated by AI, image provided by licensing service Midjourney.

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%.

Recently, as ByteDance's Doubao Large Model accelerates its commercialization process and shows impressive performance in the global AI sector, the "Doubao" concept stocks have become the new favorites in the capital market, leading to a new round of price increases in the AI track. Several listed companies, including Tianyu Shuke, Juran Smart Home, and Bee Assistant, have seen their stock prices hit the daily limit for multiple days in a row, with Tianyu Shuke achieving 6 consecutive limits in 10 days by Friday's close, Juran Smart Home hitting 5 limits in 6 days, and Bee Assistant reaching a peak of 20CM limit up during trading. This reflects the market's strong optimism about the Doubao Large Model and its ecosystem.

Adobe (ADBE) shares plummeted on Thursday as investors reacted to the company's disappointing guidance for 2025. The software company has taken longer than expected to convert its investments in content creation and digital marketing AI tools into profits. Following the company's fourth-quarter earnings report released late Wednesday, several Wall Street firms lowered their target prices for Adobe stock. Today, Adobe shares fell 13.7%, closing at $474.63. Year-to-date,

Wall Street's 'barometer' has changed again! On Wednesday, Apple Inc. (AAPL)'s stock price surged like a wild horse, reaching a new intraday all-time high. The driving force behind this seems to be the hot AI technology! Doug Clinton, founder and CEO of Intelligent Alpha, acted like a 'detective', unraveling how artificial intelligence is propelling the tech giant's stock price to soar. He noted that investors are focusing on Apple's enormous potential in the AI field, signaling a promising future.

In today's rapidly developing world of artificial intelligence, SoundHound AI once again showcases its market potential. This tech company, focused on conversational AI, has recently announced a series of positive developments, including showcasing cutting-edge technology at an investor conference and successfully partnering with the chain restaurant Torchys Tacos. Technological breakthroughs and business expansion go hand in hand. At the UBS Global Technology and AI Conference on December 4, SoundHound's CFO Nitesh Sharan provided investors with a detailed overview of the company.

OpenAI recently announced a $1.5 billion stock buyback plan aimed at SoftBank. This plan is a continuation of SoftBank's investment after recently injecting $6.6 billion into OpenAI, which is now valued at $157 billion. According to insider sources, this transaction was driven by SoftBank's founder and CEO Masayoshi Son, who aims to acquire a larger stake in OpenAI. This financing not only provides SoftBank with an opportunity to increase its holdings in OpenAI.

Faraday Future, led by Jia Yueting, announced that it will change its NASDAQ stock code from FFIE to FFAI in early 2025 to better reflect the company's ongoing focus on its artificial intelligence (AI) strategy. The company plans to announce the detailed date and plan for the stock code change in January 2025, and will host an 'FF Open AI Day' event, inviting AI industry partners to explore the future of AI in the mobility sector.