5 big analyst AI moves: Apple-Baidu collaboration 'driven by regulatory concerns'
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Citi analysts believe that Apple's partnership with Baidu on AI initiatives is primarily driven by regulatory concerns in China. Apple plans to integrate Baidu's ERNIE Bot as the local large language model provider for its forthcoming iOS18. Wedbush raised its price target for Microsoft to $500, citing optimism about Microsoft's AI capabilities and the financial prospects of Copilot. Bank of America increased its target price on Taiwan Semiconductor Manufacturing (TSMC) to NT$880 on expectations of stronger demand for advanced nodes driven by AI. Macquarie analysts noted a shakeout in the market for foundational AI models and highlighted Apple's independent advancements in local generative AI research.
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