The past week has been a whirlwind of news in the tech world, with artificial intelligence taking center stage. From The Apple company. AAPL overcoming OpenAI with its new artificial intelligence model Amazon.com Inc. AMZN facing scrutiny over its “Just Walk Out” technology, the tech giants were making headlines. Here’s a roundup of the biggest stories.
Apple’s AI surpasses OpenAI’s GPT-4
Apple has quietly unveiled a new AI model, ReALM, that surpasses Supported by Microsoft Corp MSFT OpenAI’s GPT-4 in contextual data analysis. This development represents a significant step forward for Apple’s AI initiatives, which the iPhone maker will detail in June at the annual Worldwide Developers Conference (WWDC). Read the full article here.
Cathie Wood’s bullish stance on Tesla
Ark Invest’s Cathie Wood continues to buy Tesla Inc. TSLA shares, predicting tech stocks to reach $2,000 per share in the next few years. He believes Tesla is the “largest artificial intelligence project” in the world and sees the convergence of three key technologies as the driving force behind his prediction. Read the full article here.
See also: Sam Altman and former Apple design maestro seek funding from Laurene Powell Jobs and Masayoshi Son for their AI device startup
OpenAI poaching Tesla engineers
Elon Musk revealed that OpenAI is aggressively targeting Tesla engineers with massive compensation offers. This revelation came after a report that Tesla machine learning scientist Ethan Knight became the third engineer to leave Tesla for xAI. Read the full article here.
Dan Ives predicts a rally in tech stocks
Wedbush’s Dan Ives believes the AI revolution and improved ad spending will be the catalyst for a 15% rally in tech stocks in 2024. He sees Alphabet Inc. GOOGLE potentially with an upside of $30-$40. Read the full article here.
Amazon’s “Just Walk Out” technology is under fire
Amazon’s “Just Walk Out” grocery checkouts, touted as AI-powered technology, would be powered by 1,000 contractors in India acting as virtual cashiers. This revelation raised questions about the company’s AI capabilities. Read the full article here.
Read next: Jeff Bezos convinced his brothers to invest $10,000 each in his online startup called Amazon
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