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Home»Track AI»International Business Machines Corporation (IBM) partners with SEforALL to launch AI-based solutions for sustainable urbanization and energy needs
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International Business Machines Corporation (IBM) partners with SEforALL to launch AI-based solutions for sustainable urbanization and energy needs

November 26, 2024004 Mins Read
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We recently compiled a list of 15 AI news stories that are making waves right now. In this article, we’ll take a look at where International Business Machines Corporation (NYSE:IBM) stacks up to other AI stocks currently making waves.

With Donald Trump winning the election, it appears that Elon Musk is going to become a powerful force within the administration. After all, the CEO of .

Now that his efforts have paid off, Max Tegmark, a renowned scientist who once worked with the world’s richest person, says Musk’s influence could lead to stricter safety standards for artificial intelligence , as the newspaper reports. The Guardian.

READ NOW: 15 AI news that shakes up Wall Street And 15 AI News That Broke the Internet

Tegmark claims that Elon Musk’s support for a failed AI bill demonstrates that Elon Musk is still concerned about the repercussions of uncontrolled AI development. California’s SB 1047 bill required companies to test large AI models before releasing them.

Having often warned that such rampant development could be catastrophic for humanity, Musk was one of 30,000 others who signed a letter last year calling for a pause in the development of advanced human technology. AI.

According to Tegmark, Musk could convince Trump to introduce standards that prevent the growth of artificial general intelligence (AGI), a term used to refer to AI systems that match or exceed human intelligence levels.

“I think if Elon can get Trump’s attention on AI issues, we’ll be more likely to get some form of safety standards, which prevents AGI. It could help Trump understand that an AGI race is a suicide race.

Before Trump won the election, Musk predicted the development of artificial intelligence that would be smarter than the smartest human being by next year or by 2026.

“If you define AGI (artificial general intelligence) as smarter than the smartest human, I think it will probably be next year, within two years.”

For this article, we selected AI stocks by looking through news articles, stock analyses, and press releases. These stocks are also popular among hedge funds.

Why are we interested in stocks that hedge funds are piling into? The reason is simple: our research has shown that we can outperform the market by imitating the stocks selected by the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

Close-up of a woman’s hands typing quickly on a laptop in a corporate office.

Market capitalization: $192.41 billion

International Business Machines Corporation (NYSE:IBM) is an information technology company providing global hybrid cloud and AI and consulting expertise. The company has been a leader in AI for decades, focusing on enterprise AI solutions.

On November 14, International Business Machines Corporation (NYSE:IBM) and Sustainable Energy for All (SEforALL) announced new solutions based on artificial intelligence. The solutions will enable decision-makers and policy makers to monitor and analyze urbanization, as well as identify energy and infrastructure needs, particularly in developing areas.

“At IBM, we are proud to launch solutions that harness the power of artificial intelligence to impact communities around the world. Collaborating with organizations like Sustainable Energy for All through our IBM Sustainability Accelerator program helps us unlock innovation and get more done. closely in communities to address some of our biggest challenges, particularly in energy and sustainable urban development.

IBM as a whole ranks 3rd on our list of AI stocks making waves right now. While we recognize IBM’s potential as an investment, our conviction lies in the belief that certain AI stocks hold more promise in terms of higher returns and in a shorter time frame. If you’re looking for an AI stock that’s more promising than IBM but is trading at less than 5x earnings, check out our report on cheapest AI stock.

READ NEXT: 8 Best Wide Fluke Stocks to Buy Now And 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. This article was originally published on Initiated Monkey.

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