Informatica, a US-listed software developer, is well-positioned to benefit from the rise of artificial intelligence, according to analysts at Scotiabank. The California-headquartered firm last month launched its AI model – CLAIRE GPT – designed to help businesses use their data for generative AI applications. Generative AI, or GenAI, is the technology behind the very popular chatbot ChatGPT and other similar products. It uses large amounts of data to generate new content such as text and images—but relies heavily on well-organized and high-quality inputs to produce reliable results. “Fragmented and poor-quality data creates poor generative AI with unreliable insights, biases, trust issues, deception, and vulnerability – as possible. [intellectual property] breach,” Scotiabank analysts led by Patrick Colwell said in a note to clients. “Informatica has been helping customers solve data management problems for over 30 years, and we believe the company has a A must-have partner as businesses embark on creative AI journeys. The INFA 1Y line company says its AI model can answer customer questions about its business by pulling data from multiple connected systems like Salesforce, Tableau, Snowflake, Amazon's AWS and internal databases. However, Scotiabank cautioned that the financial benefits may not be immediate, noting that “the use of Informatica for manufacturing artificial intelligence is in its early innings” and likely not a significant revenue driver in 2024. Will be. However, the shares are expected to rise to $33 over the next 12 months, indicating a 15% rise on Wall Street, significantly more bullish elsewhere. The average price target of 16 analysts points to a 39% upside for the stock, according to FactSet. Analysts at RBC Capital expect the stock to rise 43% to $41 a share over the next 12 months. They suggest that while competitors like Salesforce, Snowflake and Microsoft also have creative AI models on offer, Informatica has a unique advantage thanks to its flagship intelligent data management cloud product. “Informatica has access to the entire data estate of the enterprise vs. other tools,” RBC analysts led by Matthew Hedberg said in a May 22 note to clients. More complete analysis to answer complex questions about an enterprise's data.” In early April, the Wall Street Journal reported that Salesforce had expressed interest in acquiring Informatica, valuing the company at about $10 billion. dollar, which is about 5 percent higher than its current market capitalization. However, a subsequent report said that the potential deal has fallen. Informatica's share price has risen by about 62 percent over the past 12 months has happened