tl;dr
In a recent press conference, Microsoft President Brad Smith stated that it is unlikely that super intelligent artificial intelligence (AI) will be created within the next 12 months, suggesting that it could take years or even decades for this level of AI to become a reality. Smith emphasized the im...
In a recent press conference, Microsoft President Brad Smith stated that it is unlikely that super intelligent artificial intelligence (AI) will be created within the next 12 months, suggesting that it could take years or even decades for this level of AI to become a reality. Smith emphasized the importance of focusing on safety in the development of AI, particularly as it pertains to critical infrastructure where AI systems should remain under human control. During his UK trip, Smith, along with Britain's Prime Minister Rishi Sunak, announced that Microsoft will invest $3.2 billion in the country over the next three years to drive growth in AI.
In contrast to Smith's perspective, Nvidia CEO Jensen Huang expressed that AI is likely to be "fairly competitive" with humans within five years, although he also suggested that it could take roughly a decade for companies to achieve general artificial intelligence (AGI). The OpenAI's progress in AI has been the subject of speculation, with rumors circulating that Sam Altman's firing may have been related to a secret AI project known as Q*. Altman, the CEO of OpenAI, confirmed the existence of Q*, asserting that rapid progress is expected in AI technology, and highlighting continued efforts to ensure its safety and beneficial use. Smith's parent company, Microsoft, has received a non-voting, observer board seat in OpenAI.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company, with a focus on producing computer software, consumer electronics, personal computers, and related services. Its best-known software products include the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. In terms of hardware, the company's flagship products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue and was the world's largest software maker by revenue as of 2016. The company is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Financially, Microsoft Corporation has a market cap of 2.84 trillion and a stock price of 403.31. Its 52-week high is 418.23 and its 52-week low is 218.31. The stock has a P/E ratio of 37.05, an EPS of 2.79, and a dividend yield of 0.128. Market sentiment towards Microsoft appears bullish, given the company's strong financials and position as one of the leading technology companies in the world. However, potential risks and uncertainties in the market should also be considered, as past performance is not always indicative of future results.
More about NVIDIA Corporation
NVIDIA Corporation is a leading American multinational technology company in the semiconductor industry, specializing in the design of GPUs for gaming and professional markets, as well as SoCs for mobile computing and automotive applications. With a market cap of $448.7 billion and a stock price of $585.15, NVIDIA has shown steady growth and a strong market presence. The company's P/E ratio of 63.68 and EPS of 7.56 indicate a solid earnings performance, while a ROE of 18.18% reflects efficient use of shareholder equity. However, with a beta of 2.055, the stock is relatively volatile, and investors should be cautious of potential market risks. Overall, the sentiment in the market towards NVIDIA remains bullish, with the company's innovative technology and strong financial fundamentals driving positive investor confidence.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.