We recently compiled a list of 10 AI News Updates You Can’t Miss. In this article, we’ll take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stacks up to other AI stocks to watch.
The latest reports, published by MIT News, suggest that researchers at the Massachusetts Institute of Technology have developed a more efficient algorithm, called Model-Based Transfer Learning (MBTL), to improve AI decision-making in tasks such as traffic control, which involve great variability. . Reinforcement learning models, commonly used for AI decision making, often fail when faced with minor changes in their training tasks. MBTL strategically selects the most impactful tasks to train on, improving overall performance while reducing training costs.
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For example, controlling traffic in a city involves many intersections with varying conditions. Instead of training separate algorithms for each intersection or one generalized algorithm for all, MBTL identifies and trains on a subset of key intersections. It leverages zero-transfer learning, allowing trained models to perform well on similar untrained tasks. According to the report, this technique could revolutionize complex systems, reducing costs and improving the reliability of AI. The research received funding from the NSF, Amazon Robotics and others.
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For this article, we selected AI stocks by combing through news articles, stock analyzes 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).
A close-up of a complex-looking PCB board with several integrated semiconductor parts.
Number of hedge fund holders: 107
Advanced Micro Devices, Inc. (NASDAQ: AMD) operates as a semiconductor manufacturer. The company is at the forefront of AI innovation, and interest from Wall Street titans is a reminder that it is succeeding in monetizing that innovation and creating shareholder value. Latest revelations from hedge fund billionaire Steve Cohen, who runs Point72 Asset Managementreveal that Cohen has invested $143 million in the chipmaker over the past three months. Its stake in AMD includes more than 870,000 shares and represents its first significant investment in the company since the third quarter of 2022, before the advent of ChatGPT.