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Bloomberg: OpenAI is in discussions with regulatory institutions about transitioning to a for-profit structure.
According to sources, OpenAI is in preliminary discussions with regulatory institutions, trying to transition this $157 billion company from a non-profit structure to a for-profit enterprise. Two informants revealed that the company is in initial negotiations with the California Attorney General's office on the procedures for changing the company's structure. During this process, regulatory institutions may scrutinize how OpenAI assesses a series of high-profit intellectual properties, such as its ChatGPT application.
Express News | Microsoft launched a generative ai accelerator in the united kingdom in collaboration with Nvidia and GitHub. (Bloomberg)
UBS Group lowers Microsoft (MSFT.US) target price to $500, facing growth constraints in Azure and earnings per share.
UBS Group released a report indicating that microsoft (MSFT.US) showed a slightly disappointing performance in the third quarter, especially with its guidance for Azure growth in the quarter ending December lower than expected at a growth rate of 31% to 32%, one percentage point lower than the target of 32% to 33%. This is mainly due to delays in datacenter capacity expansion and revised downward earnings per share forecast, primarily because Microsoft needs to absorb the increased losses from OpenAI. Despite this setback, the firm still maintains a "buy" rating, believing that the upcoming operational capacity and potential AI inference growth in the first half of 2025 will restore market confidence.
In CICC's "Great Journey": microsoft (MSFT.US) commercial pre-orders growth still strong, but Azure guidance leads to market divergence.
CICC released a report stating that Microsoft (MSFT.US) performance for the first quarter ending in late September exceeded the bank's and market expectations, benefiting from the continued promotion of AI in cloud and productivity-related businesses. The first quarter's commercial forecasts growth of 30%, surpassing expectations, providing assurance for future business growth, mainly driven by the increase in contracts over $10 million for Azure and Microsoft 365. CICC stated that market attention is focused on Azure, which is expected to have revenue guidance for the second quarter ending in December increasing between 31% and 32% year-over-year, lower than market expectations, causing Microsoft's stock price to fluctuate after the earnings report.
The financial reports of the 'Big Six' have been revealed. Meta and amazon are considered the winners of the AI 'burning money wave'.
Compared to other giants, D.A. Davidson is more bullish on the stock price prospects of Meta and Amazon in the next 12 months, especially the potential upside of Meta.
Mark Zuckerberg's Nuclear-Powered AI Ambitions At Meta Stung By Rare Bees