8 Stocks Wall Street Analysts Love Most

When in doubt over picking which stocks to own it's wise to look at what the experts are saying. Here are the 8 stocks with the highest percentage of buy ratings among analysts on Wall Street today.

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

Is This Nvidia's Secret Weapon?

California is testing new generative AI tools. Here's what to know

TRÂN NGUYỄN
May 10, 2024

SACRAMENTO, Calif. (AP) -- Generative artificial intelligence tools will soon be used by California's government.

Democratic Gov. Gavin Newsom's administration announced Thursday the state will partner with five companies to develop and test generative AI tools that could improve public service.

California is among the first states to roll out guidelines on when and how state agencies can buy AI tools as lawmakers across the country grapple with how to regulate the emerging technology.

Here's a closer look at the details:

WHAT IS GENERATIVE AI?

Generative AI is a branch of artificial intelligence that can create new content such as text, audio and photos in response to prompts. It's the technology behind ChatGPT, the controversial writing tool launched by Microsoft-backed OpenAI. The San Francisco-based company Anthropic, with backing from Google and Amazon, is also in the generative AI game.

HOW MIGHT CALIFORNIA USE IT?

California envisions using this type of technology to help cut down on customer call wait times at state agencies, and to improve traffic and road safety, among other things.

Initially, four state departments will test generative AI tools: The Department of Tax and Fee Administration, the California Department of Transportation, the Department of Public Health, and the Health and Human Services Department.

The tax and fee agency administers more than 40 programs and took more than 660,000 calls from businesses last year, director Nick Maduros said. The state hopes to deploy AI to listen in on those calls and pull up key information on state tax codes in real time, allowing the workers to more quickly answer questions because they don't have to look up the information themselves.

In another example, the state wants to use the technology to provide people with information about health and social service benefits in languages other than English.

WHO WILL USE THESE AI TOOLS?

The public doesn't have access to these tools quite yet, but possibly will in the future. The state will start a six-month trial, during which the tools will be tested by state workers internally. In the tax example, the state plans to have the technology analyze recordings of calls from businesses and see how the AI handles them afterward -- rather than have it run in real-time, Maduros said.

Not all the tools are designed to interact with the public though. For instance, the tools designed to help improve highway congestion and road safety would only be used by state officials to analyze traffic data and brainstorm potential solutions.

State workers will test and evaluate their effectiveness and risks. If the tests go well, the state will consider deploying the technology more broadly.

HOW MUCH DOES IT COST?

The ultimate cost is unclear. For now, the state will pay each of the five companies $1 to start a six-month internal trial. Then, the state can assess whether to sign new contracts for long-term use of the tools.

"If it turns out it doesn't serve the public better, then we're out a dollar," Maduros said. "And I think that's a pretty good deal for the citizens of California."

The state currently has a massive budget deficit, which could make it harder for Newsom to make the case that such technology is worth deploying.

Administration officials said they didn't have an estimate on what such tools would eventually cost the state, and they did not immediately release copies of the agreements with the five companies that will test the technology on a trial basis. Those companies are: Deloitte Consulting, LLP, INRIX, Inc., Accenture, LLP, Ignyte Group, LLC, SymSoft Solutions LLC.

WHAT COULD GO WRONG?

The rapidly growing technology has also raised concerns about job loss, misinformation, privacy and automation bias.

State officials and academic experts say generative AI has significant potential to help government agencies become more efficient but there's also an urgent need for safeguards and oversight.

Testing the tools on a limited basis is one way to limit potential risks, said Meredith Lee, chief technical adviser for UC Berkeley's College of Computing, Data Science, and Society.

But, she added, the testing can't stop after six months. The state must have a consistent process for testing and learning about the tools' potential risks if it decides to deploy them on a wider scale.

Continue Reading...

Popular

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

BREAKING: New "Formula" Could Lead to Huge AI Payouts - Ad

Investors - including multiple billionaires - are now tapping into a unique AI secret to pocket huge, consistent payouts. Starting today, you could siphon a new stream of income from this $3 billion pool of cash.

Top 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

Trump Meets With DeSantis, Noem Stirs Up Controversy: How Will Republican Vice President Betting Odds Be Impacted?

The relationship between Donald Trump and Ron DeSantis was heated at times during the Republican primary season, before the Florida governor dropped out of the 2024 presidential election and threw his support behind the

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

Billionaires Are Now FLOODING Into Gold - Ad

Ray Dalio, John Paulson, and many others all recommend you own gold right now. But did you know there's another huge investor (worth more than all the world's billionaires COMBINED) buying gold by the ton? That's why the best move to make right now could be this little-known gold investment (which you can get started with for just $5).

Hope Hicks Testifies On Trump's Ex-Lawyer Michael Cohen's 'Mr. Fix It' Moniker: 'Only Because He Broke It First'

The criminal trial against Donald Trump saw former Trump aide Hope Hicks take the stand Friday and discuss Michael Cohen and the "Access Hollywood" tape.

One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts

LONDON (AP) — They appear like ghosts in the night, standing outside your house, one holding up an antenna while the other crouches next to the car parked on the driveway. Within seconds, your car is gone, yet another victim amid enabled by the technology designed to make it easier to unlock and start vehicles.

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

BOGOTA, Colombia (AP) — Colombia has become the latest Latin American country to announce that it over its military campaign in Gaza, but the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over security matters.

I-95 overpass in Connecticut scorched during a fuel truck inferno has been demolished

NORWALK, Conn. (AP) — A bridge damaged in a fiery crash that kept Interstate 95 in Connecticut has been demolished.

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

What's Going On With Palantir Technologies Stock Today?

Last week, Palantir Technologies reported strong Q1 results, beating revenue estimates and delivering six straight quarters of GAAP profitability. It also raised its full-year guidance and aims to be the dominant AI infrastructure in the market.

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Shell Exits Chinese Power Market, Eyes Gas Growth: Report

Shell reportedly exits China's power markets, focusing on bolstering profitability in natural gas and oil sectors. The move reflects a commitment to invest selectively in profitable ventures within the power sector, aligning with CEO Wael Sawan's vision.

Poland is still not ready to adopt the euro, its finance minister says

WARSAW, Poland (AP) — Twenty years after joining the European Union, Poland is still not ready to adopt the euro currency, the finance minister in the pro-European Union government said.

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse - Ad

One unknown AI startup could match or even exceed AI's biggest runs in the coming years. Why? Because its technology solves the biggest problem holding back AI. It's a critical component that the industry can't advance without. This company just went public, so right now, it's under the radar.

Bystander livestreams during Charlotte standoff show an ever-growing appetite for social media video

CHARLOTTE, N.C. (AP) — Saing Chhoeun was locked out of his Charlotte, North Carolina, home on Monday as law enforcement with high-powered rifles descended into his yard and garage, using a car as a shield as they were from the direction of his neighbor's house.

AMC Stock On Watch For Q1 Earnings: Estimates, What Analysts Expect, Will Box Office Recover?

AMC stock is down over 90% in the last year. The company reports Q1 results on Wednesday, which could show a weak box office.

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops

JUNA, South Sudan (AP) — Following an appeal from the United Nations, removed recently imposed taxes and fees that had triggered suspension of U.N. food airdrops. Thousands of people in the country depend on aid from the outside.

US to require automatic emergency braking on new vehicles in 5 years and set performance standards

DETROIT (AP) — In the not-too-distant future, automatic emergency braking will have to come standard on all new passenger vehicles in the United States, a requirement that the government says will save hundreds of lives and prevent thousands of injuries every year.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

JPMorgan Analysts Optimistic About Future Approval Of Spot Ether ETFs Despite Regulatory Hurdles

In light of recent regulatory actions, JPMorgan analysts remain confident that the SEC's scrutiny of Robinhood (NASDAQ:HOOD) Crypto will not impede the

Embed-Chart-Off The Charts-Home Inventory-For Sale, ADVISORY

OFF THE CHARTS-HOME INVENTORY — Chart. More homes are on the market than a year ago, but rising mortgage rates remain a hurdle for many. This chart is current as of 05 15, 2024 and will not update. Sources: Realtor.com; Freddie Mac. Click for a .

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

This year's gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan.

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin minted 100,000 millionaires and if you're not one of them, that ship has sailed. But there's another millionaire-minting crypto at our doorstep... research shows this coin could be 20X bigger than Bitcoin by the end of the decade. With crypto starting to heat up again, this could be the perfect time to get in.

Troubled EV Maker Fisker Said To Shut Down California HQ And Relocate Some Staff As Bankruptcy Clock Ticks

Some employees at the Manhattan Beach office have been informed of the relocation and have been asked to prepare for the move by collecting their belongings.

'Star Wars' Actor Mark Hamill Makes Surprise White House Appearance, Coins Biden 'Joe-B-Wan Kenobi'

Mark Hamill gave President Biden a Star Wars-inspired nickname, Joe-B-Wan Kenobi, adding pop culture touch to political landscape.

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

Nvidia Joins $1.05B Wayve Funding, Advances Automated Driving

Wayve secures $1.05 billion funding, spearheaded by Nvidia and SoftBank, to revolutionize autonomous driving. CEO Alex Kendall's strategy prioritizes adaptable AI, setting the stage for Wayve's expansion and profitability.

Immigration Rebound Helps Solve US Inflation Puzzle: Goldman Sachs

U.S. immigration rebound stabilizes wages and inflation. The large influx of low-wage labor helped fill shortages.

How to Profit From the New Boom in Gold - Ad

Gold just passed $2,000/oz and is set for a new bull run in 2024. Now a renowned precious metals expert is sharing his No. 1 way to play it for just $5.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service