PNQI

Alibaba Group Holding Ltd (NYSE:BABA) has reinforced its engagement in the open-source development of its large language model (LLM), the technology underlying generative artificial intelligence services like ChatGPT.  The move follows the release of Tongyi Qianwen to third-party developers, with Alibaba’s Lin Junyang highlighting the invaluable feedback and strength garnered from the open-source community.  By allowing public access to source code, open-source technology has significantly contributed to developing China’s tech industry, enabling software modifications, enhancements, and widespread sharing, SCMP reports. In its stride towards advancing AI, Alibaba Cloud has released

Adobe Inc (NASDAQ:ADBE) is developing an AI model capable of generating video content, positioning itself in competition with other major players like OpenAI’s Sora and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s Imagen 2 in the generative AI video technology field.  This new model is set to be integrated into Adobe’s flagship video editing software, Premiere Pro, later this year, expanding the Firefly family of generative AI products.  The model will facilitate the creation of footage from prompts or reference images and introduce three novel features in Premiere Pro: object addition, object removal, and generative extension, TechCrunch reports.  The features allow users to

Adobe Inc (NASDAQ:ADBE) is actively gathering videos to fuel the development of its artificial intelligence text-to-video generator. This move aims to keep pace with rivals like OpenAI, which recently showcased a comparable technology.  To enrich its AI training dataset, Adobe is reaching out to its community of photographers and artists, offering them $120 to submit footage showcasing a range of human activities and emotions, from walking and expressing joy to demonstrating anger.  This initiative underscores Adobe’s commitment to integrating generative AI capabilities across its suite of creative tools, including popular software like Photoshop and Illustrator, Bloomberg reports. 

Meta Platforms, Inc (NASDAQ:META) faces a continuing probe into its Facebook unit’s privacy practices by the U.S. Federal Trade Commission (FTC), as a U.S. appeals court has ruled against Meta’s attempt to halt the investigation.  Despite Meta’s argument that it has already paid a $5 billion fine and implemented numerous safeguards under a 2020 privacy settlement, the FTC seeks to strengthen the agreement, particularly regarding using minors’ data and applying facial recognition technology.  The agency has criticized Meta for not adequately protecting children’s privacy, Reuters reports. Also Read: FTC Exposes Amazon’s Hidden Algorithm Amid Antitrust Concerns This U.S. Court of A

On CNBC’s "Halftime Report Final Trades," Stephen Weiss of Short Hills Capital Partners named Deere & Company (NYSE:DE), which is expected to report quarterly earnings on Nov. 22, 2023. In August Deere reported better-than-expected earnings for its third quarter. Sarat Sethi said he is sticking with Uber Technologies, Inc. (NYSE:UBER). Uber said it expects fourth-quarter gross bookings of $36.5 billion - $37.5 billion and an adjusted EBITDA of $1.18 billion - $1.24 billion. Don’t forget to check out our premarket coverage here Anastasia Amoroso of JP Morgan Private Bank named Invesco NASDAQ Internet ETF (NASDAQ:PNQI) as her final trade. Joseph Terranova of Virtus Investme