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Western Digital Corporation is poised for significant growth as demand for AI-related data storage surges. Analysts have maintained an 'Outperform' rating with a price target of $85, highlighting the company's strong fiscal performance and cloud revenue increase. The rise in AI adoption is driving enterprise demand for data storage solutions, positioning Western Digital favorably in the market.
OpenAI and Anthropic are also making headlines with their advancements in AI technology. OpenAI plans to release its new AI model, Orion, while Anthropic's Claude chatbot has introduced a tool for writing and running JavaScript code. These developments underscore the competitive landscape of AI, where companies are racing to innovate and maintain leadership.
• Western Digital's cloud revenue surged by 153% due to AI demand.
• OpenAI plans to release its new AI model, Orion, by December.
The increasing need for data storage solutions driven by the growth of AI technologies.
A computational framework used to perform tasks such as data analysis and predictions in AI applications.
An AI application designed to simulate conversation with users, often used for customer service and information retrieval.
A leading innovator in data storage solutions, benefiting from rising demand for AI-related data management.
A research organization focused on developing advanced AI technologies, including new models like Orion.
An AI company known for its Claude chatbot, which has recently enhanced its coding capabilities.
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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.
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