#1 Tesla’s stock keep going up

Tesla’s stock surged this week following positive developments related to its battery suppliers and optimistic analyst forecasts. The company’s joint battery venture with Panasonic finally became profitable in the last quarter of 2019, while Tesla also signed an agreement with a Chinese manufacturer of electric vehicle batteries, CATL. Ark Invest, an investment research firm, said that Tesla’s stock could be worth as much as $7,000 per share in 2024, while Bill Selesky of Argus Research told that Tesla’s share price could reach $808 by the end of 2020. The company’s share prices tripled in just three months, although its CEO, Elon Musk, is still facing harsh criticism from certain investors. Also, the electric car maker is one of the most attractive targets for short-sellers due to strong polarization among investors over its true value. Read more: https://nyti.ms/2H7i1bv

#2 Google’s latest Glass AR headset available for direct purchase

Developers can now purchase Enterprise Edition of Google’s Glass from several resellers. The device’s design is slightly different from its earliest version. The Glass Enterprise 2 costs $1,000 and Google suggested several potential applications, including card text, imaging samples, and QR scanning. The product could be useful, for instance, in settings like construction sites, providing a wearer with contextual information. The Glass system is more limited than the likes of HoloLens though, which focuses more on XR experiences. Read more: https://tcrn.ch/2Oz8pe6

#3 A quantum algorithm could transform medical research and healthcare chatbots

Researchers Anish Dhir and Ciarán Lee at Babylon Health, a UK-based digital health-care provider, have developed a technique for identifying causal relations in medical data. The research will be used to improve the company’s chatbot-based app that provides patients with a tentative diagnosis and advice on treatment. The new method uses the math of quantum cryptography to analyze variables that influence data sets. Researchers say that the software, for instance, correctly calculated that the size and texture of breast tumors don’t have a causal link with each other but are determined by whether the tumor was malignant or benign. Dhir and Lee hope that their algorithm will at least be used to complement clinical trials until pharma companies become convinced in the reliability of the quantum algorithm. Read more: http://bit.ly/2utVXW3

#4 BlackBerry and TCL will end their partnership

Chinese electronics giant TCL Communication will stop producing and distributing phones under the BlackBerry brand later this year although it will support the existing portfolio of devices by February 2022. BlackBerry didn’t specify whether it will work with a different partner to produce devices. The company stopped making its phones back in 2016, outsourcing hardware-related products to other manufacturers. But BlackBerry has struggled to remain relevant as Samsung, Huawei, and Apple dominate the global phone market. The Canadian tech firm has since moved to other industries, including enterprise platforms, automotive software, and cybersecurity tools. Read more: http://bit.ly/375Gw3m

#5 Alphabet discloses cloud and YouTube revenues for the first time

Google’s parent company Alphabet reported that YouTube ads generated $15.15 billion in revenue in fiscal 2019, compared with $11.16 billion in 2018. Google’s cloud business reached an $8.92 billion in revenue last year. This disclosure is the move towards greater transparency but it’s still difficult to determine the profitability for both businesses. Google declined to say how much of YouTube’s ad revenue goes to its creators. Also, the company plans to triple the sales force in its cloud units over the next few years as it takes on Amazon Web Services and Microsoft Azure. Read more: https://cnb.cx/3bgtzao

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