We recently published a list of 10 AI News Updates You Can’t Miss This Weekend. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI news updates you can’t miss this weekend.
The race to get ahead in artificial intelligence is compelling companies to intensify their efforts each day. In latest news, ChatGPT creator OpenAI has been considering developing its own web browser, according to a report by The Information. The report reveals that the company has spoken about the product with websites such as Redfin, Conde Nast, Priceline, and Eventbrite. Having already entered the market with SearchGPT, the move would be placing OpenAI head-to-head with Google, the company that holds the major share of the browser and search market.
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However, the company isn’t just delving into search and browsers. According to Tech Crunch, OpenAI is also researching algorithms that can predict human being’s moral judgments. OpenAI gave a grant to Duke University researchers for a project called “Research AI Morality.” When asked for more details, an OpenAI spokesperson referred to a press release stating that the grant is part of a larger $1 million, three-year funding effort for Duke Professors working on creating “moral AI.”
As per the press release, the OpenAI-funded project aims to develop algorithms capable of “predicting human moral judgments” when moral conflicts arise in fields like medicine, law, and business. However, it isn’t clear yet whether such kind of an achievement is possible with the current levels of technology.
In other news, AI firm Anthropic is getting another funding boost. Amazon is increasing its investment in Anthropic to $8 billion, strengthening its partnership in artificial intelligence, the companies announced Friday, the 22nd.
“We’ll keep pushing the boundaries of what customers can achieve with generative AI technologies.”
– Matt Garman, chief of AWS cloud computing division.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 116
Salesforce Inc (NYSE:CRM) is a cloud-based CRM software company that has gained significant attention after the launch of Agentforce, its AI-powered platform.
On November 20, Salesforce Inc (NYSE:CRM) announced that it has introduced new tools for testing out Agentforce, its artificial intelligence platform, through the Agentforce Testing Center. This is a first-of-its-kind management tool designed for testing autonomous AI agents at scale. The testing process will enable teams to test, deploy, and monitor AI agents so that they can achieve their full potential once they go live.
“Agentforce is helping businesses create a limitless workforce. To deliver this value fast, CIOs need new tools for testing and monitoring agentic systems. Salesforce introduced the concept of Application Lifecycle Management back in 2006 with Force.com. This new category of Agentic Lifecycle Management requires unique tools, and Salesforce is meeting the moment again with Agentforce Testing Center, which will help companies roll out trusted AI agents with no-code tools for testing, deploying, and monitoring in a secure, repeatable way.”
– Adam Evans, EVP and GM for Salesforce AI Platform.
Overall, CRM ranks 1st on our list of AI news updates you can’t miss this weekend. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.