tl;dr
The U.S. and China are set to meet in Geneva on Tuesday to discuss mitigating risks from advanced AI, Reuters reported, citing U.S. officials. However, the officials noted that U.S. policies would not be up for negotiation and the discussions would be on mitigating risks from the technology, the rep...
The U.S. and China are set to meet in Geneva on Tuesday to discuss mitigating risks from advanced AI, Reuters reported, citing U.S. officials. However, the officials noted that U.S. policies would not be up for negotiation and the discussions would be on mitigating risks from the technology, the report added. The U.S. government is seeking to engage China on several issues to reduce miscommunication between the two nations. U.S. Secretary of State Antony Blinken and China's Foreign Minister Wang Yi discussed AI in April in Beijing, where they agreed to establish their first formal bilateral discussions on the topic. "To be very clear, talks with Beijing are not focused on promoting any form of technical collaboration or cooperating on frontier research in any matter. And our technology protection policies are not up for negotiation," said a senior administration official, according to the report. It would the first meeting of its kind, so they expect to have a discussion on a range of risks, but would not prejudge any specifics at this stage, the official added when asked if the U.S. would prioritize the nuclear weapons issue. The official noted that China's deployment of AI capabilities in civilian, military and national security sectors often undermined the security of the U.S. and its allies. The discussions would allow the U.S. to directly communicate its concerns. The discussions will be spearheaded by U.S. National Security Council official Tarun Chhabra and Seth Center, the State Department's acting special envoy for critical and emerging technology, along with officials from China's Foreign Ministry and state planner the National Development and Reform Commission. Last week, it was reported that, the Biden administration is preliminarily discussing limiting China's access to advanced AI models amid safety and security reasons. The initiative could seek to limit the export of closed source AI models, such as those that run OpenAI's ChatGPT, Google's Gemini and Anthropic's Claude. OpenAI is backed by billions of dollars from Microsoft, while Anthropic is backed by Amazon, Google and several other tech companies. The U.S., China, the EU, South Korea and Japan are among countries and regions which have stepped up efforts to boost domestic chip manufacturing and research to stay ahead in the AI race. In March, it was reported that China was planning to raise over $27B for its largest chip fund yet. China's push for self-sufficiency comes on the heels of U.S. and allies including the Netherlands, Germany, South Korea and Japan tightening curbs on the Asian country's access to advanced semiconductor technology. Generative AI services have become the talk of the town since the launch of ChatGPT in 2022. Globally, companies have launched their own large language models, or LLMs, which can provide services such as content, image, video and voice generation, to name a few. Meta Platforms' Emu Video, Emu Edit, AudioCraft, SeamlessM4T, and Llama 2, Alibaba's Tongyi Qianwen 2.0 and Tongyi Wanxiang, Baidu's Ernie Bot, OpenAI's text-to-image tool DALL·E 3, Google's Gemini, Samsung's Gauss, and Getty Images' model called Generative AI by Getty Images, are some of the LLMs, among the many, being developed. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to join the separate political discussion.
More about Alphabet Inc Class C
Alphabet Inc Class C Summary Alphabet Inc Class C Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Key Financials
Sector: TECHNOLOGY
Services: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: 2093391806000
PE Ratio: 26.12
Dividend Yield: None
EPS: 6.52
52-Week High: 25.37
52-Week Low: 0.259
Shares Outstanding: 318145987000
Price to Book: 184.5
Price to Sales: 0.609
Price to Cashflow: 0.154
More about Alphabet Inc Class A
Alphabet Inc Class A Analysis Alphabet Inc Class A Analysis Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Company Details
Sector: Technology
Industry: Services-Computer Programming, Data Processing, etc.
Financial Highlights
Market Cap: $2.09 trillion
Dividend Yield: 25.83
Price to Earnings Ratio: None
EPS: 6.53
Current Ratio: 25.37
Quick Ratio: 0.259
Revenue: $318.15 billion
Operating Income: $190.38 billion
Profit Margin: 0.609
Return on Equity: 0.154
More about Microsoft Corporation
Company: Microsoft Corporation
Description: Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware 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; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Industry: Technology, Services-Prepackaged Software
Market Cap: 308.25 Billion
Current Price: $35.97
Change: 2.93 (11.53%)
52-Week Range: $31.83
EPS: 0.364
Volume: 236,583,993
Dividend Yield: 472.18 (0.2%)
Beta (5Y Monthly): 0.17
More about Meta Platforms Inc.
Meta Platforms Inc.,Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.
Industry: TECHNOLOGY, SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: 120.79 Billion
Current Price: $27.4
Change: 0.5
52-Week Range: $17.38 - $55.67
Relative Strength Index (RSI): 0.321
Volume: 142,711,996
Average Volume: 516.13 Million
Price/Earnings Ratio: 1.141
Beta: 0.273
More about Alibaba Group Holding Ltd
Alibaba Group Holding Ltd, also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors.
TRADE & SERVICES
SERVICES-BUSINESS SERVICES
NEC
Market Cap: 194.79 Billion
Current Price: $14.96
Change: 6.87
Change (%): 5.35%
52-Week Range: $363.64
PE Ratio (TTM): 0.108
Volume: 927,493,980
Previous Close: $106.49
Change from Previous Close: -0.684
Change (% from Previous Close): 0.051%
More about Baidu Inc
Baidu Inc Stock Analysis Baidu Inc Stock Analysis Summary
Baidu, Inc. provides Internet search services primarily in China. The company is headquartered in Beijing, China.
Sector: Technology
Industry: Services-Computer Programming, Data Processing, etc.
Market Cap: $384.83 billion
Current Price: $14.24
Dividend Yield: None
P/E Ratio: 7.63
EPS: $383.61
ROE: 0.151
Revenue: $134.60 billion
Net Income: $155.20
Debt-to-Equity Ratio: -0.572
Current Ratio: 0.057
More about Getty Images Holdings Inc.
Getty Images Holdings Inc. Technical Analysis Summary Getty Images Holdings Inc. (Ticker: None)
Sector: TRADE & SERVICES
Industry: SERVICES-BUSINESS SERVICES, NEC
Market Cap: $1.44 billion
Current Price: $70.6
Dividend Yield: 0.05%
EPS: $2.297
Beta: 0.0211
Volume: 916,555,000
50-Day Moving Average: $6.53
200-Day Moving Average: $-0.773
Relative Strength Index (RSI): -0.024
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.