The tech sector saw significant developments over the past week, featuring bold moves from both established companies and innovative startups. Analyst Dan Ives from Wedbush Securities predicts a 12% increase for Palantir Technologies (PLTR), raising his target price to $160 per share, asserting its potential as an AI leader. In a landmark deal, OpenAI has acquired Jony Ive’s AI startup, io Products, for $6.5 billion, aiming to create advanced AI-native devices. Meanwhile, Google (GOOGL) secured technology and key staff from Windsurf for $2.4 billion to bolster its DeepMind team. OpenAI’s CEO, Sam Altman, announced the indefinite postponement of the open model release for further safety testing. Additionally, Elon Musk’s xAI introduced Grok 4, the latest AI model available through a premium subscription. Key players in AI continue to redefine the landscape, highlighting both challenges and opportunities in the industry.
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