CNBC's "Fast Money" Finding a Winner in the AI Race, and Has the Bitcoin Rally Only Just Begun? 11/20/23
Nov 20, 2023
Microsoft's hiring of former OpenAI CEO Sam Altman has driven their stock price to an all-time high, raising questions about their dominance in the AI race. The podcast also discusses the rally in Bitcoin prices and the potential impact of Argentina's presidential election on the lithium industry. Additionally, the hosts analyze the performance of pharma stocks and the potential for a recession in the market.
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Microsoft's AI Dominance
- Microsoft's hiring of Sam Altman and potential acquisition of OpenAI employees solidifies its position in the AI race.
- This move significantly increases Microsoft's market cap and puts it close to the $3 trillion mark.
Microsoft's Valuation
- Microsoft's strong position in AI gives it leeway for a high valuation, but its current price might be too rich.
- The company's importance and potential in AI justify the high valuation.
AI Talent War
- The competition for talent in the AI space is intense, with companies like Salesforce vying for OpenAI's researchers.
- This talent war highlights the importance of skilled individuals in AI development.