Apple’s AI Triumph, Tesla’s Talent War And Dan Ives Predicts Tech Stock Rally
Last week was a busy one in the tech industry, with artificial intelligence (AI) taking center stage. Major players like Apple Inc. and Amazon.com Inc. were making waves with their latest AI developments. Here’s a roundup of the top stories:
Apple Surpasses OpenAI’s GPT-4: Apple quietly introduced a new AI model called ReALM, which outshines OpenAI’s GPT-4 in contextual data analysis. This leap forward in Apple’s AI efforts will be showcased at the upcoming Worldwide Developers Conference in June.
Cathie Wood’s Optimism on Tesla: Ark Invest’s Cathie Wood remains bullish on Tesla Inc., predicting the stock to reach $2,000 per share in the near future. Wood sees Tesla as a revolutionary AI project driving innovation in the tech world.
OpenAI’s Talent Acquisition: Elon Musk revealed that OpenAI is aggressively recruiting Tesla engineers with lucrative offers. This news comes following reports of multiple Tesla employees making the switch to OpenAI for new opportunities.
Dan Ives’ Tech Stock Rally Prediction: Analyst Dan Ives from Wedbush is optimistic about a 15% rally in tech stocks by 2024, fueled by the AI revolution and increased advertising spending. Ives specifically highlights Alphabet Inc. as a potential gainer with an upside of $30-$40.
Amazon Faces Criticism Over ‘Just Walk Out’ Technology: Amazon’s automated ‘Just Walk Out’ checkout system, driven by AI, faced scrutiny after reports revealed the reliance on contractors in India to perform cashier duties remotely. This revelation raised concerns about the true capabilities of Amazon’s AI technology.
These developments underscore the rapidly evolving landscape of AI in the tech industry, with companies like Apple, Tesla, and Amazon leading the charge with innovative solutions and strategies. Investors and tech enthusiasts alike are closely monitoring these developments as they shape the future of artificial intelligence.
