TECH NEWS

Raymond James Increases Apple Stock Price Target to $250, Highlights Stability and AI Potential

Key Points: Raymond James increased Apple's target from $200 to $250 per share. The firm expects a slight beat in F3Q24 results and a consistent outlook. Favorable iPhone and Mac sales trends were observed in the Asia supply chain, TSMC results, and China CAICT data. Upcoming AI features are expected to drive a multi-year iPhone upgrade cycle. Significant changes to iPhone 17 internals to enhance on-device AI capabilities. Apple’s ecosystem, hardware, and privacy focus offer a unique edge in AI. Early stages of Edge AI require lower capital expenditure and offer faster monetization. Raymond James analysts have raised their stock...

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CrowdStrike Restores Over 97% of Windows Sensors After Global Outage

Key Points CrowdStrike has restored over 97% of its Windows sensors after a global outage. A fault in the Falcon platform sensor caused Windows systems to crash, affecting approximately 8.5 million devices. The outage disrupted flights, broadcasts, and access to essential services like healthcare and banking. CrowdStrike developed automatic recovery techniques and mobilized resources to support affected customers. CrowdStrike, a leading cybersecurity firm, has restored...

GM’s Cruise Targets Full Autonomous Rides and Fare Collection by 2025

Key Points: Cruise aims to resume fully autonomous rides later this year and start charging fares by early 2025. The company is recovering from a significant setback caused by a pedestrian accident last year. Cruise resumed operations in Phoenix with human-driven vehicles while its California service remains suspended. Focus shifted to developing a next-generation Chevrolet Bolt instead of the planned Origin vehicle. General Motors' self-driving...

OpenAI Unveils SearchGPT, a New Contender in the Search Engine Market

Key Points: OpenAI introduces a prototype search engine aiming to rival Google. Following the announcement, Alphabet shares fell over 3%. Google's recent AI Overview was described as the most significant change in search in 25 years, but the feature was criticized for inaccuracies. SearchGPT and the new mini AI model are part of OpenAI’s strategy to offer diverse AI-generated media through ChatGPT. OpenAI, valued at...

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