We recently published a list of 15 AI News That Broke The Internet. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI news that broke the internet.
OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the company has something new to share almost every day. However, not all the news surrounding the company is positive. In the latest news shared by The Washington Post, OpenAI has suspended access to its latest, highly anticipated video generation tool, Sora. This suspension followed a small group of artists who had leaked access to the tool to protest the treatment they’ve been receiving at the company.
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Arguing that the company used them as “PR Puppets” without pay, the artists created a webpage allowing anyone to make AI videos using Sora. OpenAI granted hundreds of artists free access to the video generation tool so that they could test out the new artificial intelligence video generator. However, 20 of these artists argued that the company had taken advantage of their unpaid labor. This is what the group of artists wrote on Hugging Face, an open-source repository for artificial intelligence projects.
“Hundreds of artists provide unpaid labor through bug testing, feedback and experimental work for the program for a $150B valued company”.
The artists further added that the opportunities offered in return for helping the company, such as being selected to have their Sora-created films screened, offer “minimal compensation which pales in comparison to the substantial PR and marketing value OpenAI receives. The tool was public three hours before it was shut down. OpenAI spokesperson Niko Felix said that the company has temporarily shut down user access to Sora while it looks into the situation.
“Hundreds of artists in our alpha have shaped Sora’s development, helping prioritize new features and safeguards. Participation is voluntary, with no obligation to provide feedback or use the tool.”
-Felix wrote in a statement from OpenAI.
In other news, Axios reported that President-elect Donald Trump is considering naming an “AI czar” in the White House that will be coordinating federal policy and governmental use of artificial intelligence. While Elon Musk isn’t going to be the AI czar, he is expected to be involved.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
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A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 116
On November 25, Wedbush raised the firm’s price target on Salesforce Inc. (NYSE:CRM) to $375 from $325 and kept an “Outperform” rating on the shares. Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained traction after the launch of its AI-powered platform called Agentforce. The analyst affirms that it’s time for the broader software sector to join in on the AI party, expressing bullish sentiments about the software sector’s role in the upcoming phase of the artificial intelligence (AI) revolution. The anticipated adoption of large language models and generative AI by 2025 is the major force behind their optimism. This shift is expected to significantly boost enterprise consumption of AI technologies.
Overall, CRM ranks 2nd on our list of AI news that broke the internet. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
