Posted 2/18/2024, 12:01:00 PM
OpenAI's New AI Tools Rattle Big Tech Giants, Forcing Increased Investment to Stay Competitive
- OpenAI poses threat to Google and Adobe with new AI tools like web search and realistic video generation
- Google stock fell nearly 6% last week on OpenAI web search concerns; RS line not confirming prior highs
- Adobe stock plunged 13% last week on OpenAI's Sora video tool; RS line at 8-month low
- Threatened tech giants may accelerate AI spending to avoid falling behind
- AI revolution offers huge opportunities but also many potential losers; use intelligence on stocks' fundamentals/technicals