20.07.2023 – The Artificial Intelligence (AI) theme is picking up steam, with both Apple and Microsoft triggering a buying frenzy with their plans. Just as we did with Nvidia, we advise traders and investors to keep an eye on Artificial Intelligence (AI).
Microsoft is currently riding the AI wave, and the stock has just set a new price record. For one, the corporation is investing billions in OpenAI, which is the creator of ChatGPT, the pioneer of intelligent search engines. Microsoft also just shared the price for AI organizer
Microsoft 365 Copilot – $30 per user per month on top of the 365 subscription. The company also announced that the use of its AI-based chatbot Bing for commercial purposes will no longer be free in the future. For businesses, a paid software subscription to Microsoft 365 will be required. The cash register is ringing – investors were enthusiastic. Here in the picture the four-hour chart.
Source: Bernstein Bank GmbH
Apple also saw a strong upward trend: The share gained a market cap of 80 billion dollars within seconds. In the meantime, the group, which had recently cracked the 3 trillion mark, was worth around 3.1 trillion dollars. The trigger was a report by the Bloomberg news agency, according to which Apple is working on a tool that attacks the AI products of the competition, according to insiders. According to the report, the system is known under the internal name “Ajax” or AppleGPT.
Well-tempered language plastic
But beware: The trees are not yet growing into the sky. For example, if you spend a little time with ChatGPT (which stands for Chatbot Generative Pre-trained Transformer), you will quickly notice the pitfalls. The language is still plastic, artificial: a well-tempered monotony of both and. Just don’t give offence, just don’t deviate from the mainstream from which the tool draws. Examples for statements made are often missing. Errors sometimes creep in, especially in the case of multiple inquiries on the same topic. And legal subtleties sometimes escape the machine. Speech software also still has problems “thinking along”. For example, if a German text is to be spoken and an English term appears in it, it will also be spoken in German.
Simulation: Drone eliminates officer
The most spectacular AI failure was the use of artificial intelligence in a US Air Force combat drone: In a simulation, the AI first eliminated its own commanding officer, because there was a risk that he could block the order to kill as many enemies as possible with his veto. When the operator told the drone that it was not okay to eliminate him, the weapon system just eliminated the tower to cut off communication.
The Air Force immediately denied the anecdote, saying that such a simulation never took place. However, it is astonishing that Colonel Tucker Hamilton talked about it at the Future Combat Air and Space Capabilities Summit in London in May, as the “Guardian” reported. Hamilton is, after all, the head of AI testing in the U.S. Air Force. He has since stated that his story was a purely hypothetical scenario. Hmm…
So keep an eye on how the technology develops. If it has too many quirks that can’t be fixed, then the boom will end quickly. And then all the AI champions are suddenly short candidates. We keep an eye on the development for you – Bernstein Bank wishes successful trades and investments!
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