We recently published a list of 10 AI News Updates Making Waves on Wall Street. In this article, we are going to take a look at where Twilio Inc. (NYSE:TWLO) stands against other AI news updates making waves on Wall Street.
OpenAI has recently said that it has removed accounts of users from China and North Korea, who the company believes were using technology for malicious purposes. These include surveillance and opinion-influence operations, it said.
In the report, the company said that several accounts were using ChatGPT to write sales pitches and debug code for a suspected social media surveillance tool. In particular, they were using the technology to advertise and augment an AI assistant capable of collecting real-time data and reports about anti-China protests in the US, UK, and other Western countries.
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Using AI tools to detect the operations, OpenAI said that authoritarian regimes use these activities and tactics. While the exact number of accounts that have been banned hasn’t been revealed, it said that in one instance, users used ChatGPT to generate news articles in Spanish, denigrating the United States. Mainstream news outlets in Latin America published these under a Chinese company’s byline.
Other instances involved using ChatGPT technology to generate resumes and online profiles for made-up job applicants, to fraudulently get jobs at Western companies. These findings come at a time when China has been seen advancing in AI by using American technology.
“This is a pretty troubling glimpse into the way one non-democratic actor tried to use democratic or US-based AI for non-democratic purposes, according to the materials they were generating themselves,”
– Ben Nimmo, OpenAI’s principal investigator on the company’s intelligence and investigations team.
Nimmo further stated that OpenAI has published such cases to shed light on how “authoritarian regimes may try to leverage US-built AI, democratic AI, against the US and allied countries, as well as their own people.”
In recent months, the company has been warning politicians in the US about the potentially growing economic and national security threats coming from Chinese-built artificial intelligence.
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. The hedge fund data is as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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Twilio Inc. (NYSE:TWLO)
Number of Hedge Fund Holders: 74
Twilio Inc. (NYSE:TWLO) is a leading cloud communications platform-as-a-service (CPaaS) company. On February 24, Morgan Stanley analyst Meta Marshall upgraded the stock to “Overweight” from Equal Weight with a price target of $160, up from $144. As evident from its recent channel checks, the firm stated that increased cross-selling has been responsible for Twilio’s execution toward double-digit growth and operating margin outperformance. The upgrade follows a recent sell-off of Twilio shares, around 20%, which the analyst said provides an attractive entry point.
After Twilio’s analyst day in January, the firm has also particularly acknowledged Twilio’s potential for growth and profitability. Conversation with a channel partner and customer has further highlighted how the company’s unique platform, improved go-to-market strategies in the second half of 2024, and the potential for new products and artificial intelligence to drive growth, have been the reason behind the firm’s optimism.
Overall, TWLO ranks 7th on our list of AI news updates making waves on Wall Street. While we acknowledge the potential of TWLO 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 timeframe. If you are looking for an AI stock that is more promising than TWLO 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.
