Microsoft is doubling down on its artificial intelligence-led strategy by debuting a series of homegrown AI models — a move that could catapult shares to new highs, according to Wells Fargo. The bank, which has an overweight rating on the tech giant, hiked its price target on shares to $650 from $625. that suggests 44% upside from Friday’s close. “The [company is] better positioned at software layer than [it’s] getting credit for & making right moves to catch up on capacity, models & Copilot,” analyst Michael Turrin said in a note to clients. “While MSFT’s model development efforts have been somewhat slower than peers … we expect investments at software & model layers [to] pay off in meaningful adoption over time, becoming a greater portion of the mix.” Microsoft is expected to unveil this week a suite of AI tools, including a model for coding that will complement GitHub Copilot, at its “Build” conference in California, The Information reported . It is also likely to introduce…
R Systems International (a Blackstone portfolio company) announced that it has earned the Advanced Specialization in Kubernetes on Azure, a prestigious…