Latest AI (Artificial Intelligence) News
Wedbush's Dan Ives Raises Apple Price Target to $400 on AI Momentum
Analyst Dan Ives from Wedbush Securities increased Apple's stock price target from $350 to a Street-high $400, citing the handover of the AI baton to Apple. He emphasized Apple's AI chapter is finally underway, driving investor optimism.
Apple and Intel Sign Deal to Build Chips for Apple Devices
The Wall Street Journal reports Apple and Intel have agreed to produce chips for Apple's devices, potentially shifting AI investment strategies. This comes amid a strong market day with Nasdaq records and semiconductors up 1.7%. Markets also digested better-than-expected jobs data.
SpaceX Strikes Massive AI Compute Deal with Anthropic
SpaceX announced a major partnership with AI firm Anthropic to substantially boost compute capacity, addressing recent throttling issues. The deal involves enormous Terra Fab numbers: $55B upfront, up to $119B total, with potential off-planet deployment.
Anthropic's Daniela Amodei on AI Safety and Commercial Success Alignment
Anthropic co-founder Daniela Amodei discussed practical AI safety, arguing it's aligned with business success, and shared visions for AI's impact on jobs, education, and society. She reflected on leaving OpenAI to prioritize responsibility.