Thinking Machines Lab Replaces CTO as OpenAI Co-Founders Return
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Executive Changes: Thinking Machines Lab's CTO Barret Zoph and co-founder Luke Metz are returning to OpenAI, indicating significant shifts in leadership that may impact the company's strategic direction moving forward.
- New CTO Appointment: Mira Murati announced Soumith Chintala as the new CTO on social media, omitting details about Metz's departure, which may raise concerns regarding the stability of the company's leadership team.
- Funding Background: Thinking Machines Lab raised $2 billion in a seed round last July, achieving a valuation of $12 billion with backing from prominent investors like Andreessen Horowitz and Nvidia, reflecting strong market confidence in its technology.
- Industry Impact: With the return of former executives, OpenAI may gain further advantages in talent and technology, while Thinking Machines Lab must reassess its market positioning and competitive strategy to address the challenges posed by talent loss.
Analyst Views on AMD
Wall Street analysts forecast AMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMD is 281.78 USD with a low forecast of 200.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
37 Analyst Rating
27 Buy
10 Hold
0 Sell
Moderate Buy
Current: 220.970
Low
200.00
Averages
281.78
High
350.00
Current: 220.970
Low
200.00
Averages
281.78
High
350.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing, graphics and visualization technologies. Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes artificial intelligence (AI) accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), smart network interface Cards (SmartNICs) and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, GPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
