Goldman Sachs analysts have outlined four phases of AI stocks, focusing on infrastructure, AI-enabled revenue boost, and AI productivity. Don Lemon's interview with Elon Musk, where Musk discussed his views on DEI, racism allegations against Tesla, the forthcoming Roadster, and potential presidential endorsements, was released on YouTube. Other news includes Boeing's difficult 2024, Target's new self-checkout rules, Encyclopædia Britannica's potential $1 billion IPO valuation, and Tesla being the worst-performing stock in the S&P 500 this year.
Key takeaways:
- Volkswagen employees in Chattanooga, Tennessee are petitioning to join UAW and Fisker has paused production of its EVs due to financial troubles.
- Google’s stock got a boost because Apple’s interested in using its AI in iPhones and Uber spent $178 million settling a lawsuit with taxi drivers in Australia.
- The annual GPU Technology Conference (GTC) hosted by Nvidia has begun in San Jose, California, featuring discussions on AI's impact on humanity, responsible training of AI systems, AI in media and entertainment, and AI-based reasoning.
- Goldman Sachs analysts have outlined four phases of AI investment, focusing on infrastructure, AI-enabled revenue boost, and AI productivity.