Cerrado Gold Inc
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Materials : Metals & Mining |
Based in Canada
Company profile

Cerrado Gold Inc. is a Canada-based gold production and exploration company focused on building projects in South America. The Company's 100% owned Minera Don Nicolas (MDN) is an open pit gold mine located in Deseado Massif, in the province of Santa Cruz, Argentina, with a land package of approximately 333,400 hectares. Its MDN operations are focused in two areas, which include the La Paloma deposit and the Martinetas deposits, which are approximately 30 kilometers apart. The Company is also undertaking exploration at its 100% owned Monte Do Carmo project located in the state of Tocantins, Brazil, immediately east of the town of Monte do Carmo. The Monte Do Carmo project consists of approximately 20 exploration permits totaling 82,541 hectares (ha) in the state of Tocantins.

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Microsoft's Bing GPT-4 offers 'rare opportunity for market share gains'

8:30 am ET March 17, 2023 (MarketWatch)

By Jon Swartz

'The release of GPT-4 only furthers the distance between OpenAI and their competitors,' analyst says

OpenAI's imminent release of a powerful AI model, GPT-4, could give its backer Microsoft Corp. even more of an edge in human-like technology over rival Alphabet Inc.'s Google, one Wall Street firm concluded Thursday.

"The release of GPT-4 only furthers the distance between OpenAI and their competitors," DA Davidson analyst William Jellison wrote in a note to clients.

"We expect to see benefit to the Bing business as it begins to take share from Google Search, then more importantly we expect generative AI volumes to drive upside to the important Azure business," Jellison said, reiterating a buy rating and $325 price target.

Also read: Microsoft adds AI tools to Office apps like Outlook, Word, Excel

On Tuesday, Google (GOOGL)(GOOGL) announced a "magic wand" for its collaboration software that can draft virtually any document. Microsoft MSFT is expected to showcase AI for its competing Word processor.

Shares of Alphabet rose more than 4% in trading Thursday, while Microsoft's stock climbed 4%.

-Jon Swartz

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

March 17, 2023 08:30 ET (12:30 GMT)

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