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Wells Fargo has raised its price target on Alphabet Inc. to $175 from $167 while maintaining an equal-weight rating. Alphabet operates across six key areas, including Google search, YouTube, Nest Labs for home automation, Calico for biotechnology, Google X for AI research, and investment services through Google Ventures and Google Capital. Geographically, net sales are distributed with 48.7% from the U.S., 5.8% from the Americas, 29.2% from Europe/Middle East/Africa, and 16.3% from Asia/Pacific.
Fractal, a company preparing for its IPO, has announced plans to develop an AI medical foundational model. This initiative aims to enhance healthcare through advanced artificial intelligence technologies, positioning Fractal at the forefront of innovation in the medical field.
Samsung is set to launch its first tri-fold smartphone, the Galaxy G Fold, in Q4 2025, alongside the affordable Galaxy Z Flip FE and Galaxy Z Fold 7. This strategic move aims to compete with Huawei's Mate XT in the expanding foldable market, offering various price points to attract mainstream consumers.
Elon Musk's Neuralink is seeking to raise approximately $500 million at a pre-money valuation of $8.5 billion, as reported by Bloomberg. The company, which was valued at $5 billion in 2023, is currently testing its brain implant designed to assist individuals with spinal cord injuries, enabling activities like gaming and internet browsing directly through brain signals. After initial FDA rejections, Neuralink has received approval to conduct clinical trials, which are now underway.
UBS has lowered its price target for Tenable Holdings, Inc. to $47 from $55 while maintaining a Buy rating. Tenable specializes in exposure management solutions that help organizations manage and measure cybersecurity risks across various IT environments, offering tools for vulnerability management, cloud security, and compliance. Its services cater to multiple industries, including manufacturing, banking, and technology.
Amazon Web Services (AWS) has partnered with edtech startup Manara to invest $3.6 million over two years, aiming to train 2,500 software engineers in cloud computing and AI across the MENA region. This initiative will provide AWS certification training and connect graduates with employment opportunities, emphasizing diversity and inclusion, particularly for women in tech. The collaboration seeks to position MENA as a global technology hub, building on AWS's previous $5.3 billion investment in Saudi Arabia.
Tech in Asia's Daily newsletter highlights the skepticism surrounding the impressive annual recurring revenue (ARR) figures touted by AI-first startups, questioning their legitimacy and relevance in assessing product-market fit. The rise of "tourist users" in these firms complicates the reliability of ARR for investors. Additionally, the importance of human-sourced story tips in journalism is emphasized, as authentic relationships and trust remain irreplaceable in an AI-driven landscape.
Elon Musk asserts that Tesla leads the global humanoid robot market, expressing concern that Chinese companies may dominate ranks two through ten. Despite Tesla's advancements, including the Optimus robot, production has faced challenges due to China's rare earth export restrictions, which are crucial for manufacturing. Meanwhile, Chinese firms are gaining attention for their rapid developments in humanoid robotics, particularly in applications for elderly care.
Dubai-based Arabic.AI has launched an AI platform tailored for the Arabic language, utilizing its proprietary large language model, Pronoia. This initiative addresses the growing demand for language-specific AI solutions in the MENA region, which is experiencing rapid market growth and seeks to fill the gap left by predominantly English and Chinese models. The platform offers various deployment options to meet the needs of sectors such as legal, medical, and business, reflecting a significant step towards inclusive technological advancement for Arabic-speaking populations.
Noxtua has successfully raised $92 million to develop its sovereign AI, specifically designed for the German legal system. This significant funding marks a pivotal step in enhancing legal technology tailored to meet the unique needs of Germany's legal framework.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wells fargo raises alphabet price target to 175 maintains equalweight rating
11:25 25.04.2025
Fractal plans to develop AI medical foundational model ahead of IPO
06:48 24.04.2025
samsung to launch galaxy g fold tri fold smartphone in q4 2025
21:02 23.04.2025
neuralink seeks 500 million funding at 8.5 billion valuation
20:50 23.04.2025
ubs lowers tenable holdings price target but maintains buy rating
16:08 23.04.2025
Amazon and Manara launch initiative to enhance cloud skills in MENA region
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15:43 23.04.2025
the evolving landscape of ai startups and the reliability of arr metrics
11:30 23.04.2025
Elon Musk claims Tesla leads in humanoid robots amid Chinese competition
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10:31 23.04.2025
Dubai firm launches AI platform tailored for Arabic language needs
08:14 23.04.2025
Noxtua secures 92 million dollars for AI tailored to German legal system
07:05 23.04.2025
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