Generative AI Boosts Elastic N.V. (ESTC), Citi Raises Price Target to $150

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We recently published a list of 15 AI News That Broke The Internet. In this article, we are going to take a look at where Elastic N.V. (NYSE:ESTC) stands against other AI news that broke the internet.

OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the company has something new to share almost every day. However, not all the news surrounding the company is positive. In the latest news shared by The Washington Post, OpenAI has suspended access to its latest, highly anticipated video generation tool, Sora. This suspension followed a small group of artists who had leaked access to the tool to protest the treatment they’ve been receiving at the company.

READ ALSO: 15 AI Stocks to Watch: News and Analyst Ratings and 9 Buzzing AI Stocks to Watch on Latest News.

Arguing that the company used them as “PR Puppets” without pay, the artists created a webpage allowing anyone to make AI videos using Sora. OpenAI granted hundreds of artists free access to the video generation tool so that they could test out the new artificial intelligence video generator. However, 20 of these artists argued that the company had taken advantage of their unpaid labor. This is what the group of artists wrote on Hugging Face, an open-source repository for artificial intelligence projects.

“Hundreds of artists provide unpaid labor through bug testing, feedback and experimental work for the program for a $150B valued company”.

The artists further added that the opportunities offered in return for helping the company, such as being selected to have their Sora-created films screened, offer “minimal compensation which pales in comparison to the substantial PR and marketing value OpenAI receives. The tool was public three hours before it was shut down. OpenAI spokesperson Niko Felix said that the company has temporarily shut down user access to Sora while it looks into the situation.

“Hundreds of artists in our alpha have shaped Sora’s development, helping prioritize new features and safeguards. Participation is voluntary, with no obligation to provide feedback or use the tool.”

In other news, Axios reported that President-elect Donald Trump is considering naming an "AI czar" in the White House that will be coordinating federal policy and governmental use of artificial intelligence. While Elon Musk isn’t going to be the AI czar, he is expected to be involved.

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.