🚘 Tesla Stock Rises 10% on 'AI Mojo' and Roblox Uses AI to World-Build

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In a significant shift signaling massive potential growth, Morgan Stanley analyst Adam Jonas upgraded Tesla's (TSLA) stock from Equal Weight to Overweight, escalating the price target from $250 to a remarkable $400, causing a nearly 10% surge in Tesla's stock on Monday.

This optimistic reevaluation, outlined in a research note titled "Unlocking Tesla's AI mojo," is primarily pinned on the company's software and services revenue, paralleling trends observed with Amazon's AWS.

Central to this upbeat projection is Tesla's Dojo, a custom supercomputing system aimed at revolutionizing its full self-driving model, potentially amplifying Tesla's enterprise value by up to $500 billion.

Read the story here

Fun Fact: Less than 5% of the global population is invested in crypto.

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Promptbox’s top trending stories:

ARTIFICIAL INTELLIGENCE

Alibaba’s new CEO, just three days into the job called for the e-commerce titan to “adopt a start-up mindset” as he he looks to steer the company back to growth following the companies split into six different business groups.
Alibaba needs to be “user first” and AI-driven,” new CEO Eddie Wu told employees on Tuesday. (Read more)

Researchers from MIT have developed a more efficient computer vision model that vastly reduces the computational complexity of the task needed for high-resolution images.
This system could improve image quality in video streaming or help autonomous vehicles identify road hazards in real time. (Read More)

FOOD & BEVERAGE

In an ongoing effort to keep younger customers excited about an inherently unhealthy, high-in-sugar product, soda companies are using human insights to discover what flavors people like and AI to figure out how to make them.
Coca-Cola has experimented with limited edition drinks that have mystery tastes. Their latest tastes like the future. (Read more)

GRANTS

Google announced a new initiative aimed at supporting public policy solutions around AI with the debut of the Digital Futures Project.
As part of the financial outreach Google.org is establishing an initial $20 million fund to provide grants to think tanks and academic institutions that develop AI expertise. (Read more)

LEGAL

An AI-powered database that draws on the biographical details and decision history of judges to predict how they’ll rule is helping lawyers and plaintiffs decide how to invest their time and resources in civil cases.
Pre/Dicta which launched in 2022 looks for patterns in judge’s past decisions using 120 datapoints. (Read More)

CRIME

The New York City and LA Police Departments, two of the largest police departments in the world, are among a growing list of agencies in the U.S. to contract with Voyager Labs.
AI-powered Voyager Labs has nearly $9M contract with NYPD to predict crime with social media policing. (Read More)

LEARNING
Pocket Hansei - Select a subject that sparks your curiosity and immediately access a vast universe of knowledge (Check it out)

IMAGES
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SEO
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CHATBOTS
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CRM
CustomerIQ - Capture customer feedback, from calls to support tickets and make it searchable with AI (Check it out)

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