🌟 Editor's Note
Welcome to another exciting week in the vibrant tech ecosystem! i’ve got a packed newsletter full of insights, events, and analysis.
AI Power Moves: UiPath–OpenAI Connector, CoreWeave’s $14B Meta Deal, Amazon’s Alexa+, OpenAI’s Sora 2 & Cerebras Funding”
UiPath & OpenAI
UiPath is teaming up with OpenAI to launch a ChatGPT connector for enterprise workflows. The tool integrates OpenAI models with UiPath automation, designed to simplify AI agent deployment and accelerate ROI.
CoreWeave
Evercore ISI started coverage with an Outperform rating and a $175 target, citing CoreWeave’s strength in AI infrastructure. Separately, CoreWeave signed a huge $14.2B cloud deal with Meta running through 2031, with options to expand further.
Amazon
Amazon unveiled four new Echo devices — Dot Max, Studio, Show 8, and Show 11 — powered by the new Alexa+ assistant. Prices range from $99.99–$219.99, with shipping in late Oct/Nov. Alexa+ costs $19.99/month, free for Prime members. Analysts keep a Strong Buy on AMZN with a $266.39 average target, ~22% upside.
OpenAI
OpenAI released Sora 2, its latest video/audio generation model, alongside a new Sora social app for creating and sharing AI-generated videos. The app launches in the U.S. and Canada with parental controls and teen limits. Reports say the next version of Sora may include copyrighted content unless holders opt out, raising industry questions.
Cerebras
AI chip startup Cerebras raised $1.1B at an $8.1B valuation, giving it more runway to challenge Nvidia in the booming AI hardware market.
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Till next time,