Wall Street Breakfast: AI Frenzy
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 7 February 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
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Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
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Show links:
Economy in focus at Biden's State of the Union address
Bed Bath & Beyond pares monster gain after convertible stock deal announced
CVS close to acquiring Oak Street Health for $10.5B - WSJ
Restaurant groups Cava, Fogo, Panera reportedly eyeing 2023 IPOs
Sam Bankman-Fried reaches deal with federal prosecutors on use of encrypted apps
Dalius Taurus: https://seekingalpha.com/author/dalius-taurus/
Transcript
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| 0:00.0 | Did you hear the one about Bard, Chat, and Ernie? No, it's not a new joke, but it is something to talk about and three companies are in a frenzy. |
| 0:10.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:18.0 | Good morning, today is Tuesday, February 7th, and I'm your host Julie Morgan, our top stories. |
| 0:24.3 | An AI frenzy. |
| 0:26.0 | Google and Baidu both announced they are moving closer to their respective AI goals. |
| 0:31.2 | And Microsoft is expected to make an announcement about chat |
| 0:34.6 | gbt today. Bed Bath and Beyond had a very positive day Monday. |
| 0:39.8 | Struggling retailer saw its shares rocket up over 90% in just one session. |
| 0:45.2 | Seeking Alpha Associate News Editor Kevin Curran reports on what's next for the meme stock. |
| 0:51.6 | Boeing confirms it is cutting 2,000 jobs in two departments. |
| 0:56.0 | Just last week we told you the company is hiring 10,000 workers in 2023. |
| 1:02.1 | We begin with an AI frenzy. |
| 1:04.8 | Baidu has confirmed an earlier report that it will complete internal testing and |
| 1:09.2 | launches chat gPT-like bot in March, joining a global race as interest in artificial intelligence |
| 1:15.8 | gather steam. Pre-market Baidu is up more than 15%. The platform will be called Ernie Bot, which stands for enhanced representation through knowledge integration. |
| 1:27.0 | Baidu aims to make the service available as a standalone application and gradually merge it into its search engine. |
| 1:33.5 | And we said frenzy, right? |
| 1:35.2 | Google CEO Sundar Pachai said on Monday |
| 1:38.2 | that the tech giant would unveil its barred chatbot |
| 1:41.2 | for feedback with a wider public release coming in short order. |
| 1:45.6 | In a blog post, Pachai said that the barred chatbot would be powered by language model |
| 1:50.5 | for dialogue applications or Lambda, Google's artificial intelligence. |
... |
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