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Discussing OpenAI and Google major AI updates and the influence on the stock market

5 min read • June 13, 2024

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Introduction

 

Since it was launched, OpenAI has been getting a lot of attention. With extensive uses and new updates it brought to the scene, this should come as no surprise. As the tech world prepares for new updates, it is likely that these will impact the stock market as well. Some of the features favoring wide usage especially among traders is the ability to gather a lot of useful insights that can affect the outcome of exchanges.

 

This year, you can expect to see some major updates that will have a significant impact on the stock market. This includes market value for some futures and data accessibility. So let's learn more about the improvements planned with the upcoming AI updates and see what you expect.

 

Contents:

- Main updates

- AI overviews

- Partnership with Apple

- Insights

- FED changes

- Influence on stock and market perception

- Final thoughts

Main updates

One of the most anticipated changes is the release of Chat GPT 4.0. Unlike the previous versions this one is expected to be more human-like. What others lacked was empathy. This version can pick up on human emotions such as voice to provide answers that are more empathic. It therefore improves interactions with humans. Some new features of Chat GPT include:

- Keeps records of conversations

- Remembers preset rules

- Understands coding

- Simplifies complex answers

AI overviews

Google has launched this new feature to facilitate the usage. This is an AI powered solution that works on the search pages. It helps users to easily locate any specific data or document. It works across all Google products. For instance, you can use it to search for specific pictures. Users can also find important emails quickly by simply typing in a description.

 

Google has several assistants that offer personalized results for queries. Instead of getting information that is generalized, you will have the specific data. This is important for those into stocks. It reduces delays and offers you a favorable position in the market.

 

This move from Google has pushed the value of stocks upwards. This feature is going to be available to many users by the end of the year.

 

Partnership with Apple

Apple’s collaboration with OpenAI is set to be a game changer. This means that many Apple products will be incorporated with Chat GPT. This is the company's way of improving artificial intelligence features on its products. This push comes from the rising need for AI among customers. Apple is following suit from some of its top competitors in a bid to catch up. It is a way of providing better personalized features for users.

 

Traders have been expecting Apple to build up on its AI arsenal. While OpenAI is a step closer, it is not what many investors expected. As a result, the company has shown a minor decrease on the stock market. Apple may have to come up with more impressive tools to impress investors.

 

Apple is going to be at the center of attention due to the expectations to build on artificial intelligence capabilities. There are rumors that the company will collaborate with Google as well. However, the only way to be sure Iis to wait till the end of the year.

 

Insights

Getting insights is one of the most key factors into successful trading. It all starts with getting reliable information. OpenAI aims to make it easier for traders to get the specific information they need to make exchanges.

 

Overview has put Google in a good position. The value on the stock market has picked up in the last few weeks due to the increasing demand for AI from users. The company is looking to solidify its influence. It has delivered the expected innovations therefore overcoming any doubts that many had previously.

 

FED changes

With high inflation rates in the US, the Federal Reserve will be making some cuts. However, this will happen just once. This won't come with any significant rate reductions. Many had speculated that this would happen at the beginning of the year. The rate of cuts will also influence borrowing from banks.

 

Therefore, interest rates will remain at a record high of 5%. This is the highest in the last decade. This is far off from the goal of reaching 2%. More effort is needed to reach this target.

 

Influence on stock and market perception

The release of GPT updates was a watershed event for all the world and the company, solidifying its position as a leader in AI research and development. This technical advance not only increased investor trust, but also helped OpenAI's value and market placement. The company's strategic alliances with key technology companies emphasized its significance and opportunity for future expansion.

 

Yes, we can see how it switched from a stock market standpoint to different new developments that have frequently been received with good investor sentiment. These all drive up stock prices and create new investment options. The potential of transformational technologies like GPT has established OpenAI as a prominent performer in this new ecosystem, with consequences ranging from technology enthusiasts to financial markets.

 

Final thoughts

The innovations in AI are going to have an impact on how people access information. The goal is to provide a simplified and more accurate way for traders to get market data.

Staying up to date with the latest trends will require investing in the latest tools. Every business has to think of ways to incorporate this tech to improve on their trading strategies.

 

With OpenAI, traders can access more insights on price changes and make informed decisions. As tech keeps changing, it is important to stay up to date with any data and changes. There will be more tools being unveiled in the next 5 years. Adapting to new changes will put you in a better position to make profits.

 


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