According to a Morgan Stanley analyst, Tesla's future growth hinges on its AI investments and an upcoming shareholder vote. The analyst has reiterated an Overweight rating on Tesla with a target price of $310, emphasizing the importance of AI for Elon Musk's broader business strategies.
Tesla's foray into AI technology is seen as a key driver for the company's long-term success, with potential applications across various sectors including autonomous driving and energy storage. The upcoming shareholder vote could provide insights into investor sentiment towards Tesla's strategic direction and innovation efforts, shaping the company's trajectory in the competitive market.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.