This week, Microsoft (Nasdaq: MSFT) announced its fourth quarter results that surpassed market expectations. However, its Azure growth missed analyst estimates, the first time in two years, primarily due to supply constraints in meeting the Azure AI demand.
>>>Earlier last week, ServiceNow (NYSE:NOW) reported its second quarter results that soared past market expectations. The impressive performance and outlook sent the stock climbing 13% in the after-hours trading session.
>>>IBM (NYSE: IBM) recently announced strong results for its second quarter that surpassed analyst estimates driven by a boost in its AI business.
>>>Oracle (NYSE: ORCL) recently reported its fourth quarter results that missed estimates. But despite the weak results, the market was impressed given the strong Oracle Cloud Infrastructure (OCI) demand that it is seeing coming its way.
>>>In 2015, Elon Musk was a key founding member of the OpenAI non-profit entity. But over the course of time, due to disagreements between the rest of the team, he left OpenAI. Last summer, he announced plans to release his own AI-player called xAI.
>>>According to a market report, the use of AI in medical diagnostics is expected to grow at 25% CAGR from $0.8 billion in 2022. Chicago-based Tempus AI (Nasdaq: TEM) is a leading player in the market that recently went public to a weak market response.
>>>The rapid rise of generative AI technology has led to a growing concern around safety and security around the development of the technology. Backed by both Google and Amazon, Anthropic PBC is a public benefit company (PBC) that is focused on ensuring that they build systems that people can rely on and generate research about the opportunities and risks of AI.
>>>According to a recent report, the global robotic process automation (RPA) market is expected to grow at 40% CAGR from $2.94 billion in 2023. San Francisco-based Automation Anywhere is another high growth AI unicorn that is experiencing a similar meteoric growth.
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