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Forget Nvidia: Billionaires Are Selling It and Buying These 2 Hypergrowth Artificial Intelligence (AI) Stocks Instead

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For the better part of three decades, there has been no shortage of next-big-thing investments that have captivated the attention of professional and everyday investors. Since the advent of the internet completely changed the course of business in the mid-1990s, there’s nothing that’s garnered as much buzz on Wall Street as the artificial intelligence (AI) revolution.
With AI and the incorporation of machine learning (ML), software and systems have the ability to learn over time and become more proficient at their tasks. The broad-reaching scope of AI in virtually every sector and industry is why the analysts at PwC believe it could add more than $15 trillion to global gross domestic product by the turn of the decade.
Although dozens of stocks have benefited from the AI revolution, none have enjoyed a more direct boost to their sales and bottom line than semiconductor stock Nvidia (NASDAQ: NVDA).
This “infrastructure backbone” of the AI revolution is on the chopping block by billionaires
In a little more than a year, Nvidia has become what I like to call the “infrastructure backbone” of the AI movement. The company’s A100 and H100 graphics processing units (GPUs) have come to dominate high-compute data centers. Though estimates vary, Nvidia’s ultra-fast GPUs might account for 90% (or more) of the GPUs deployed in AI-accelerated data centers this year.
This is a company that’s also enjoying otherworldly pricing power on its GPUs. With demand overwhelming supply throughout 2023, cost of revenue moved only modestly higher while data center sales more than tripled. This is a pretty clear indication that pricing power is behind much of Nvidia’s sales and profit spike.
But not everyone is convinced that Nvidia is headed higher. During the December-ended quarter, eight prominent billionaire investors pared down their stakes in this top-performing megacap, including (total shares sold in parenthesis):

Israel Englander of Millennium Management (1,689,322 shares)
Jeff Yass of Susquehanna International (1,170,611 shares)
Steven Cohen of Point72 Asset Management (1,088,821 shares)
David Tepper of Appaloosa Management (235,000 shares)
Philippe Laffont of Coatue Management (218,839 shares)
Chase Coleman of Tiger Global Management (142,900 shares)
David Siegel and John Overdeck of Two Sigma Investments (30,663 shares)

One of the primary reasons to be skeptical of Nvidia’s phenomenal run-up is that it’s been driven by GPU scarcity. With Nvidia set to meaningfully increase its output in the current calendar year, and competitors like Advanced Micro Devices and Intel rolling out advanced AI-GPUs of their own, it’s only logical to expect its pricing power to decline.
What’s arguably even more concerning is that Nvidia’s top four customers by revenue (40% of total sales) are all developing AI-GPUs of their own. This is either going to lessen their future reliance on Nvidia as their in-house data center chips complement what Nvidia produces, or they could phase Nvidia’s infrastructure out altogether. Either way, it’s a worrisome development for a richly valued stock.
But while billionaires were busy running for the exit from Nvidia, they weren’t shy about pressing the buy button on two other hypergrowth AI stocks during the fourth quarter.
CrowdStrike Holdings
The first high-octane AI growth stock that appeared to whet the whistles of billionaire money managers during the December-ended quarter is cybersecurity company CrowdStrike Holdings (NASDAQ: CRWD). Four highly successful billionaires added to their funds’ respective stakes in CrowdStrike, including (total shares purchased in parenthesis):

Jeff Yass of Susquehanna International (400,988 shares)
Jim Simons of Renaissance Technologies (97,900 shares)
David Siegel and John Overdeck of Two Sigma Investments (91,091 shares)

On a macro basis, the cybersecurity industry has the look of a surefire growth story through at least the remainder of the decade. As businesses continue shifting their data online and into the cloud, third-party providers are being relied on with frequency to protect this information from hackers.
Furthermore, cybersecurity solutions can thrive in any economic climate. A bad day for Wall Street or a rough patch for the U.S. economy doesn’t mean a thing to hackers and robots looking to steal sensitive information. Since CrowdStrike is a subscription-driven company that protects end users, it’s well-positioned to generate predictable cash flow no matter what’s happening with the economy or stock market.
On a more company-specific basis, CrowdStrike brings clearly identifiable competitive advantages to the table for its customers and investors. The company’s Falcon security platform is driven by AI and ML. Falcon is overseeing trillions of events each week, which are making it smarter and more effective at recognizing and responding to potential threats.
There are a couple of key performance indicators that demonstrate just how much pull CrowdStrike has with businesses. Even though its platform isn’t the cheapest, gross retention rate has been pegged right around 98% for multiple years. Additionally, the company’s net retention rate hasn’t fallen below 119% in more than five years. This means the company’s existing clients are spending at least 19% more on a year-over-year basis.
But the key to CrowdStrike’s success has been its ability to upsell existing customers. Whereas a single-digit percentage of its clients seven years ago had purchased four or more cloud module subscriptions, 64% of its customers now have five or more cloud module subscriptions. These add-on sales have lifted its adjusted subscription gross margin to an impressive 80%!
Snowflake
The second hypergrowth artificial intelligence stock that billionaires were buying as they were sending Nvidia to the chopping block during the December-ended quarter is cloud data-warehousing company Snowflake (NYSE: SNOW). Similar to CrowdStrike, four billionaire investors stepped up and added to their funds’ stakes, including (total shares purchased in parenthesis):

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Ken Griffin of Citadel Advisors (1,985,426 shares)
David Siegel and John Overdeck of Two Sigma Investments (1,204,387 shares)
Israel Englander of Millennium Management (888,047 shares)

There look to be two reasons why billionaire asset managers are choosing to load up on shares of Snowflake: opportunity and competitive edge.
With regard to the former, enterprise cloud spending, and AI solutions/applications within the cloud, are still in their early innings of expansion. Buying shares of Snowflake offers a way for investors to have exposure to the rapid growth in enterprise cloud and AI.
The other reason billionaires likely piled into Snowflake is because of its well-defined competitive advantages. For example, Snowflake’s infrastructure is layered atop the leading cloud infrastructure service platforms. While sharing data can be challenging across competing cloud platforms, it’s seamless for Snowflake’s customers.
Likewise, Snowflake doesn’t rely on subscriptions. Rather, it charges customers based on the data they store and the Snowflake Compute Credits they use. This transparent pricing policy really seems to resonate with its users.
The one issue with Snowflake is the company’s valuation. Don’t get me wrong, CrowdStrike trades at an immense premium, but has seen its sales remain robust. Snowflake’s revenue growth has slowed from the triple-digits three years ago to an estimated 22% in the current fiscal year. Snowflake is also valued at 115 times forward-year adjusted earnings, which is an even tougher pill to swallow for a company that’s seen its sales growth slow from the triple digits.
Though Snowflake looks to have a bright future, it could take some time before its operating performance grows into its current valuation.
Should you invest $1,000 in CrowdStrike right now?
Before you buy stock in CrowdStrike, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and CrowdStrike wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
Source: finance.yahoo.com
 
The post Forget Nvidia: Billionaires Are Selling It and Buying These 2 Hypergrowth Artificial Intelligence (AI) Stocks Instead appeared first on HIPTHER Alerts.

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Trusted Experts Unite: IDVerse and TrustID Fuse Best of Breed Technology with Human Expertise

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IDVerse, a pioneer in generative AI identity solutions, celebrates a significant milestone as TrustID, a proven expert in identity verification and fraud prevention, joins its growing roster of clients. TrustID, leading certified identity service provider (IDSP) and industry veteran, has chosen IDVerse to further progress the capabilities of its human-in-the-loop identity services, setting a new standard in identity validation and security.
The addition of IDVerse’s automated reinforcement learning into TrustID’s services, supported by TrustID’s unique expert human analysts, enhances the accuracy and reliability of the identity verification processes. This collaboration equips TrustID to continue to offer future-proof verification technologies and fraud prevention services. Customers will benefit from enhanced security features, smoother user onboarding, and robust compliance with regulatory standards.
As deepfake attacks rise, with fraudulent entities using manipulated audio or video to impersonate individuals, TrustID and IDVerse are proactively adapting their systems to counter this threat. Recent data from IDVerse reveals that approximately 1 in 4 fraud attempts involve deepfake media, emphasizing the urgency of addressing this issue.
Tony Machin, CEO of TrustID, said: “We are excited to continue our advancement in identity verification automation with IDVerse and leverage their innovative approach to identity technology. We rigorously tested IDVerse with our own known fraudulent document database and through live data tests to ensure our clients receive only the industry’s best. IDVerse performed significantly better in document capture and fraud analysis than other candidates.”
Machin continued: “Together, we will redefine the standards of digital identity verification and fraud prevention, integrating best-of-breed solutions to drive the most robust and straightforward verification, supported by human experts. Incorporating IDVerse reinforces our position at the forefront of the identity verification market and helps us to say ahead of evolving threats, such as deepfake fraud.”
“At IDVerse, we’re committed to providing the essential building blocks for identity businesses, prioritizing both innovation and ethical AI,” stated Matt Adams, CTO and Co-founder of IDVerse.
Adams continued: “By leveraging the best of computer vision and humans, we address algorithmic bias and ensure compliance with regulations like the EU AI Act and the US White House Executive Order on AI. This approach empowers companies like TrustID to navigate the digital landscape responsibly and with confidence, particularly in combating emerging threats such as deepfake media.”
The partnership between IDVerse and TrustID marks a significant advancement in digital identity verification, combining cutting-edge generative AI with human expertise to provide superior security and user experience.
The post Trusted Experts Unite: IDVerse and TrustID Fuse Best of Breed Technology with Human Expertise appeared first on HIPTHER Alerts.

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Ying Yong grants interview to Russian newspaper Izvestia

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On June 20, Ying Yong, Chief Grand Prosecutor and Prosecutor General of the Supreme People’s Procuratorate (SPP) of China, granted an interview to the Russian newspaper Izvestia on the sidelines of the 6th Meeting of the Heads of Prosecution Services of the BRICS Countries in St. Petersburg, Russia.
Question: What are the characteristics of criminal cases in China? How do Chinese prosecution authorities deal with them?
Ying: Since the founding of the People’s Republic of China, the Chinese people have created dual miracles of eye-catching economic development and long-term social stability under the leadership of the Communist Party of China (CPC). Along with the development of the economy and society, criminal cases in China have undergone some changes over the past two decades. There are significant changes in the crime structure. There has been a continuous decrease in the total amount and proportion of serious violent crimes such as murder, robbery and kidnapping, while the number and proportion of minor crimes such as dangerous driving and acts by cybercrime accomplices have significantly increased. China is one of the countries with the lowest rates of homicide, firearms and explosive incidents, and other serious criminal offenses in the world.
China has placed a high priority on the development of the rule of law. Law-based governance is a constitutional principle and a fundamental governance strategy of the country. The 20th CPC National Congress held in October 2022 specifically planned for “adhering to comprehensive rule of law and advancing law-based governance in the country”, clearly proposing “comprehensively building a modern socialist country along the path of the rule of law” and “comprehensively promoting law-based governance in all respects”, and highlighting “accelerating the development of a fair, efficient and authoritative socialist judicial system” and “strengthening the legal supervision work of the prosecution authorities”. Under the leadership of the CPC, Chinese prosecution authorities thoroughly implement Xi Jinping Thought on the Rule of Law, earnestly enforce the Constitution and laws, respect and effectively safeguard human rights. They adhere to the principles of a legally prescribed punishment for a specified crime, presumption of innocence, and no guilt without evidence, and comprehensively and accurately implement a criminal policy combining severity with leniency that upholds the practice of being strict when necessary, lenient when appropriate, and punishing according to the offense. They strictly adhere to the system of leniency for those who confess and repent, actively promote the construction of a system with Chinese characteristics for governing minor crimes, explore the comprehensive use of criminal, administrative, civil and other means to hierarchically punish minor crimes, and resolve social conflicts in a timely manner. They are working to establish a crime governance structure that is well-ordered in severity and with differentiated responsibilities, and promote the modernization of the system and capacity for national governance, effectively safeguarding national security, social stability and the well-being of the people.
Question: The theme of the 6th Meeting of the Heads of Prosecution Services of the BRICS Countries is “Modern digital solutions on enforcement of the law: experience of BRICS prosecution services”. What experiences do China’s prosecution authorities have in using digital technology to support case handling?
Ying: I presented the development in this regard in China at the 6th Meeting of the Heads of Prosecution Services of the BRICS Countries. Digital technology is a revolutionary means of law enforcement and justice that can effectively enhance technological content and efficiency in law enforcement and justice work. Currently, China is striving to promote the building of a Digital China. The Chinese government has unveiled a plan for the overall layout of the country’s digital development, formulated laws such as the Cybersecurity Law, Data Security Law, and Personal Information Protection Law. Additionally, China is actively participating in the formulation of the United Nations treaty on cybercrime. China’s prosecution authorities attach great importance to the application of digital technology in judicial case handling, deeply implement a digital prosecution strategy, formulate a plan for digital prosecution development, promote IT application in the rule of law, and effectively construct a mechanism for digital prosecution work that is “business-led, data-integrated, technology-supported and application-focused” to enable the work of legal supervision to improve quality and efficiency. In the prosecution of financial crimes, money laundering, smuggling and other crimes, new technologies such as big data and artificial intelligence are fully utilized to review massive relevant evidence, conduct in-depth analysis of the flow of funds involved, dig deep into upstream and downstream crime clues, accurately charge crimes, and simultaneously trace and recover proceeds. By using data algorithms and technological means such as three-dimensional measurement and imaging for identification, the ability to recognize deeply forged audiovisual materials is enhanced so that clues for high-tech crimes can be effectively identified. In handling public interest litigation cases, technologies such as satellite remote sensing are fully utilized to compare changes in the ecological environment, discover clues of public interest damage in areas such as water bodies, soil, wetland protection, desertification control, and biodiversity protection, and to assess public interest damage and rectification.
China’s prosecution authorities focus on analyzing the characteristics and patterns of cases in performing their duties, construct legal supervision big data models, screen more illegal and criminal clues, refer them to competent authorities for investigation, and, in conjunction with case handling, issue prosecution recommendations to competent authorities to promote plugging loopholes, strengthening of supervision, recovering of losses, and advancing from individual case handling to category supervision and then to litigation source governance. To date, China’s prosecution authorities have jointly developed more than 6,000 legal supervision big data models, discovered over 620,000 supervision clues in groups, strengthened legal supervision, and effectively achieved systematic governance and litigation source governance.
Question: In recent years, what new achievements have been made in cooperation between Chinese and Russian prosecution authorities? What are your expectations for Sino-Russian prosecutorial cooperation?
Ying: In recent years, under the strategic planning and guidance of President Xi Jinping and Russian President Vladimir Putin, prosecution authorities of both countries have maintained high-standard exchanges and cooperation, achieving fruitful results. Within the frameworks of multilateral mechanisms such as the Meeting of the Heads of Prosecution Services of the BRICS Countries and the Prosecutors General Conference of the Member States of Shanghai Cooperation Organization, the two countries’ prosecution authorities have respected each other, communicated in a friendly manner, effectively strengthened law enforcement and judicial cooperation in combating transnational crimes, terrorist crimes, religious extremist crimes, continuously deepened exchanges and cooperation between border region prosecution authorities, and jointly provided strong judicial support for the development and stability of both countries and the region.
Since last year, I have had three friendly, in-depth, and fruitful meetings with His Excellency Russia’s Prosecutor General Igor Krasnov. We have established a good working relationship and deep friendship. Last year, the SPP and the Prosecutor General’s Office of Russia jointly signed a plan for bilateral cooperation for 2023 to 2024, cooperation agreements in the fields of education, research and specific agreements on local prosecution cooperation. Both sides are actively implementing these cooperation agreements, and more pragmatic exchanges and cooperation are steadily advancing. In September and November last year, prosecutors of both countries were sent to each other’s countries for study and visits, from which both sides greatly benefited.
This year marks the 75th anniversary of the establishment of diplomatic relations between China and Russia. In May of this year, after President Putin was re-elected as Russian President, he chose China as the first foreign country to visit during his new term, embarking on a visit to China immediately after taking office as president. President Xi and President Putin met in Beijing, jointly signed and issued a joint statement on deepening the China–Russia comprehensive strategic partnership of cooperation for the new era, charting a blueprint for the development of China–Russia relations in the future at a new historical starting point. The SPP is willing to work with the Prosecutor General’s Office of Russia to further deepen friendly exchanges and pragmatic cooperation between the two countries’ prosecution authorities under the strategic guidance of the two countries’ leaders, and continuously enrich the connotation of China–Russia relations in the new era so as to better benefit both countries and their peoples.
Question: How do you feel about participating in this year’s Meeting of the Heads of Prosecution Services of the BRICS Countries?
Ying: This year’s Meeting of the Heads of Prosecution Services of the BRICS Countries was held in St. Petersburg, and the Russian side made elaborate preparations and thoughtful arrangements for this meeting, making me and my colleagues feel warmly welcomed. During the meeting, prosecutors general from participating countries shared their countries’ concepts, experiences and practices regarding the theme of the meeting, fully consolidating a broad consensus on joining hands to embrace the wave of digital transformation, and demonstrating a broad prospects for exchanges and cooperation in the digital field among prosecution authorities of various countries.
This year’s Meeting of the Heads of Prosecution Services of the BRICS Countries was the first meeting after the successful expansion of the BRICS, with countries such as Iran, Egypt, the United Arab Emirates, and Ethiopia joining the meeting. This fully demonstrates the vitality and vigor of this meeting mechanism and further expands its influence in the international judicial field. China’s prosecution authorities warmly welcomed the new members and also expressed gratitude to the Russian side for its important contributions to the deepening development of this mechanism. We look forward to working with prosecution authorities of BRICS countries, including the Russian side, to uphold the spirit of openness, inclusiveness, cooperation and mutual benefit, seize opportunities and meet upcoming trends, better utilize the power of the rule of law to serve the modernization processes of various countries, and jointly safeguard the interests of all countries and their peoples.
The post Ying Yong grants interview to Russian newspaper Izvestia appeared first on HIPTHER Alerts.

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Bytes Of Healing: Digital Innovation Meets Patient-Centric Care Through AI/ML

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In the rapidly evolving healthcare landscape, digital innovation driven by Artificial Intelligence (AI) and Machine Learning (ML) is transforming patient care, ushering in a new era of personalized and effective treatment strategies.
Leading this charge is Swapna Nadakuditi, a seasoned expert renowned for her pioneering work at the intersection of data analytics and healthcare.
Swapna Nadakuditi has achieved significant milestones in her career, particularly through her leadership in the Bytes of Healing initiative. Over the past five years, her contributions have been crucial in leveraging AI/ML technologies to enhance patient-centric care. She specializes in utilizing extensive datasets—from medical records to demographic information—to develop predictive models that identify individuals at heightened health risks, such as COPD, diabetes, and CKD. This data-driven approach not only facilitates early disease detection but also enables tailored healthcare solutions that improve patient outcomes.
One of Swapna’s major achievements includes successfully implementing Natural Language Processing (NLP) techniques to extract diagnosis codes from unstructured medical records. This innovation has streamlined clinical documentation processes and enhanced the accuracy of predictive analytics, optimizing healthcare delivery.
In addition to her technical accomplishments, Swapna Nadakuditi has navigated significant challenges inherent in AI/ML integration within healthcare. These challenges include ensuring data privacy compliance, scaling AI solutions using distributed computing frameworks, and fostering interdisciplinary collaboration across data science and healthcare domains. Her proactive approach to overcoming these obstacles underscores her commitment to advancing healthcare through technological innovation.
Swapna’s work has yielded measurable outcomes, including improved risk scoring accuracy, leading to enhanced revenue from risk adjustment and minimized coding errors in healthcare billing. Furthermore, her initiatives have bolstered patient engagement and satisfaction through personalized interventions, augmenting membership growth and service efficiency.
Looking ahead, Swapna Nadakuditi advocates for continued innovation in healthcare, emphasizing the transformative potential of AI technologies integrated with wearable devices and IoT. She predicts that advancements in AI, coupled with regulatory support, will reshape healthcare delivery by making it more efficient, predictive, and patient-centered.
Swapna Nadakuditi’s leadership in Bytes of Healing exemplifies how AI and ML are reshaping healthcare, turning precision medicine and patient-centric care from distant goals into tangible realities. Her pioneering efforts highlight the transformative potential of technology in improving health outcomes and setting new benchmarks for the industry. As she continues to innovate at the intersection of data science and healthcare, Swapna’s vision for the future includes further integration of AI with wearable devices and IoT, promising even more personalized and effective healthcare solutions.
Source: freepressjournal.in
The post Bytes Of Healing: Digital Innovation Meets Patient-Centric Care Through AI/ML appeared first on HIPTHER Alerts.

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