UBS hikes Meta price target from $683 to $812

UBS analysts raised their Meta price target about 19% to $812, saying the company will benefit from both consumer and advertiser demand for AI. That’s well above the analyst consensus of $708.83.

The stock is currently up almost 2% today to trade around $722.

UBS is especially bullish on the social media company’s Business Messaging — tools that let companies interact at scale with their customers — and Meta AI. Meta has announced a number of AI tools, most recently an update to its Advantage+ suite that enables advertisers to create, place, and target advertising with AI, a move that has hurt major advertising agencies.

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Jon Keegan11h

OpenAI’s hot Sora video app is a copyright lawsuit waiting to happen

OpenAI has generated some serious buzz surrounding its new Sora video generation app. The app is currently No. 3 on the iOS free app leaderboards, even though it’s invitation-only for the time being.

But users have been flooding social media with videos generated by Sora, and in addition to a “Skibidi Toilet” Sam Altman and the OpenAI CEO dressed as a Nazi, the app is able to create videos featuring iconic characters from Disney, Nintendo, and Paramount Skydance.

On the system card for the Sora 2 AI model (which powers the Sora app), OpenAI says it was trained on things found on the internet:

“Sora 2 was trained on diverse datasets, including information that is publicly available on the internet, information that we partner with third parties to access, and information that our users or human trainers and researchers provide or generate.”

This seems like an invitation for a big copyright lawsuit, along the lines of the one Disney, Dreamworks, and NBCUniversal recently filed against AI image generator Midjourney.

But OpenAI is trying to flip the responsibility of protecting copyrighted material to the intellectual property owners themselves. According to The Wall Street Journal, OpenAI is allowing copyrighted material in Sora by default, unless copyright holders opt out of the service.

The courts will have to decide if this novel approach to intellectual copyright law works, but government regulators may not be that big of a problem, as Altman has made sure OpenAI is in the good graces of the Trump administration. If OpenAI has to pay up to copyright holders after a lawsuit, what’s a few billion dollars here or there when you’re raising so much capital?

OpenAI’s AI video app stirs copyright questions, pumping out videos of Mario and Pikachu

On the system card for the Sora 2 AI model (which powers the Sora app), OpenAI says it was trained on things found on the internet:

“Sora 2 was trained on diverse datasets, including information that is publicly available on the internet, information that we partner with third parties to access, and information that our users or human trainers and researchers provide or generate.”

This seems like an invitation for a big copyright lawsuit, along the lines of the one Disney, Dreamworks, and NBCUniversal recently filed against AI image generator Midjourney.

Rani Molla

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Tesla delivered way more Teslas than it produced last quarter

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GOP Lawmakers In D.C. Poised To Vote On Waivers That Allow California To Set Own Emissions Standards

Tension emerges between Meta’s AI teams

Discontent between Meta’s AI research teams is growing, according to a report by The Information, at a critical time for Meta’s effort to get back into the AI race.

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Rani Molla

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OpenAI beats SpaceX as most valuable private company, at $500 billion valuation

It also reached that valuation very quickly.

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Tesla deliveries surge to quarterly record on last gasp of EV tax credit

Tesla reported its highly anticipated third-quarter delivery numbers.

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