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Mira Murati, former CTO of OpenAI, has launched Thinking Machines Lab, an AI startup backed by around 30 top researchers, including former OpenAI talent. The company focuses on developing AI systems that incorporate human values and aims to enhance AI alignment, with plans for venture capital funding and a commitment to sharing resources with the research community.
Chinese President Xi Jinping met with top tech entrepreneurs, including Jack Ma and Ren Zhengfei, to bolster support for the private sector amid economic challenges and a trade war with the U.S. Xi emphasized the need to eliminate barriers for fair market competition.In other news, X has begun blocking links to the encrypted messaging app Signal, citing potential harm, despite Elon Musk's previous endorsement of the platform for privacy. Meanwhile, OpenAI cofounder Ilya Sutskever's new venture, Safe Superintelligence, is reportedly raising funds at a $30 billion valuation, focusing on advanced AI development.
Elon Musk's $100 billion bid to acquire OpenAI has sparked controversy, with critics suggesting his motives may be tied to his own AI ventures rather than a genuine desire to return the organization to its non-profit roots. Tensions escalated between Musk and OpenAI's CEO Sam Altman, leading to public exchanges and legal disputes over Musk's claims regarding OpenAI's assets. Observers note that Musk's actions could damage his reputation, as they appear driven by personal agendas rather than altruistic intentions.
UBS has set a $510 target for Microsoft (MSFT) amid rising competition in the AI sector, highlighted by Elon Musk's xAI seeking $10 billion in funding, potentially valuing it at $75 billion. Meanwhile, OpenAI's CEO Sam Altman announced plans for a unified AI model with the upcoming GPT-5, aiming to simplify user experience.
Microsoft (MSFT) maintains a "Buy" rating with a $510 price target from UBS, despite concerns over Azure's non-AI deceleration. The company continues to focus on AI advancements and cloud services, which are crucial for its growth trajectory. Meanwhile, Elon Musk's xAI is seeking $10 billion in funding, potentially valuing the startup at $75 billion, as it prepares to launch its AI chatbot, Grok 3.
OpenAI's board has unanimously rejected a $97.4 billion acquisition bid from a consortium led by Elon Musk, asserting that the organization is not for sale. Musk, who has previously sued OpenAI for straying from its mission, argues for a return to its open-source roots. In response, OpenAI's CEO Sam Altman humorously countered with an offer to buy Twitter for $9.74 billion.
UBS analyst Karl Kierstead has reaffirmed a Buy rating on Microsoft stock with a price target of $510, reflecting strong long-term growth prospects despite short-term concerns regarding Azure's non-AI segment slowdown. Recent discussions with Microsoft executives highlighted the importance of addressing these challenges and executing an effective go-to-market strategy. Meanwhile, the company has shown impressive revenue growth of 15% over the past year, maintaining a robust gross profit margin of 69.4%.
UBS has reaffirmed its Buy recommendation on Microsoft, maintaining a price target of $510, amid positive Wall Street sentiment and upward revisions in earnings estimates. Despite concerns over Azure's non-IA slowdown, the company's long-term growth prospects remain strong, supported by impressive sales growth and a robust gross margin. Investors are closely monitoring Microsoft's strategies to address current challenges in its cloud services.
UBS analyst Karl Kierstead has reiterated a buy recommendation for Microsoft shares, maintaining a price target of $510, amid a generally positive outlook on Wall Street. Despite concerns over Azure's non-AI segment slowdown, Kierstead emphasizes strong long-term growth potential, supported by a 15% revenue increase and a solid gross margin of 69.4%. Investors are keenly awaiting updates on Microsoft's strategies to address current challenges in its cloud services.
Elon Musk, alongside several investors, has proposed a $97.4 billion bid to acquire OpenAI, aiming for a merger with xAI. This move has intensified tensions with OpenAI's CEO, Sam Altman, who criticized Musk's offer, while Musk accuses Altman of straying from OpenAI's original mission. As OpenAI seeks to raise an additional $40 billion to transition fully to a for-profit model by 2026, the ongoing conflict raises uncertainties about the company's future in the AI sector.
Sam Altman
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mira murati launches thinking machines lab with top talent from openai
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xi jinping meets tech leaders as china seeks innovation and support
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