- AI-driven gains can propel Microsoft Corp. to join Apple Inc. in the elite category of stocks with a market capitalization of more than $3 trillion. That’s according to analysts at Morgan Stanley, whose new $415 price target for the software giant implies a valuation of around $3.1 trillion.[1]
- The Shanghai government is stepping up its efforts to attract AI talent and investments and improve regulations with the objective of building a world-class AI hub in Pudong.[2]
- Hu Houkun, Huawei’s rotating chairman has confirmed that Pangu Large Model 3.0 will launch tomorrow at Huawei Cloud Developer Conference. The latest comment from the Huawei chief is coming during his speech at the 2023 World Artificial Intelligence Conference.[3]
- Mastercard has launched a new AI solution in the UK called Consumer Fraud Risk (CFR). The company said the software works in real-time to predict and prevent payments to scams of all kinds.[4]
Sources:
[1] https://fortune.com/2023/07/06/microsoft-ai-3-trillion-valuation-morgan-stanley/
[2] https://asiatimes.com/2023/07/chip-war-may-thwart-shanghai-plans-to-build-ai-hub/
[3] https://www.huaweicentral.com/pangu-model-3-0-large-ai-model-launching-tomorrow/
[4] https://www.neowin.net/news/mastercard-has-developed-a-new-ai-tool-to-prevent-scams/
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