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Stifel Boosts Salesforce, Inc. (CRM) Price Target to $425, Citing AI Potential with Agentforce Platform

By Ghazal Ahmed

Stifel Boosts Salesforce, Inc. (CRM) Price Target to $425, Citing AI Potential with Agentforce Platform

We recently compiled a list of the 10 Buzzing AI Stocks Making Headlines. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against the other buzzing AI stocks.

This year, artificial intelligence played a key role in two Nobel Prizes for scientific achievement. One prize was awarded for developing the technology, while the other was for its application. These two Nobel Prize wins clarify that AI is here to stay. However, key issues such as regulations, ethical use, and other potential risks, still need to be resolved for responsible and sustainable integration into society.

READ NOW: Top 10 AI News Stories For The Weekend and 15 Buzzing AI Stocks Making Headlines

On Saturday, December 7, Physics Nobel Prize winner Geoffrey Hinton and Chemistry laureate Demis Hassabis asserted the need for strong regulation of artificial intelligence, having played a key role in their awards.

"AI is a very important technology to regulate but I think it's very important that we get the regulations right and I think that's the hard thing at the moment is it's such a fast moving technology".

According to Hassabis, having jointly won the Nobel Prize with Americans David Baker and John Jumper for revealing the secrets of proteins through AI, the main issue is defining the purpose, deployment, and making sure that artificial intelligence benefits all of humanity.

In this regard, British-Canadian Hinton, considered the "Godfather of AI", said he wished he had thought about safety earlier, reflecting his worries about how AI could potentially escalate the arms race. He gained attention last year after he left Google to warn against risks of AI outsmarting people someday, and was awarded a Nobel Prize along with American John Hopfield for work on artificial neural networks.

President-elect Donald Trump has vowed deregulation and also shared his views to rescind President Joe Biden's executive order on AI after he takes office in January. Nevertheless, it is still yet to unfold how he will approach AI regulation in particular. Trump has already appointed David Sacks as the AI and crypto czar, showcasing his proactive stance on advancing artificial intelligence and cryptocurrency innovation.

In light of this, Axios reported that the US government has approved the export of advanced artificial intelligence chips to a facility in the United Arab Emirates as part of the company's highly-scrutinized partnership with Emirati AI firm G42. There were concerns raised about the transfer of sensitive technology to China, and the approved export license includes strict conditions to prevent access to the facility by personnel from nations under U.S. arms embargoes or those listed on the U.S. Bureau of Industry and Security's Entity List.

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