The chipmaker and software company's stock jumped after Citigroup resumed coverage Monday morning and set a price target of $1,100 based on demand for AI.
The partnership comes as Microsoft and other AI providers face increased pressure from labor groups and regulatory bodies over how AI will displace workers.
A team at Google has proposed using AI technology to create a "bird's-eye" view of users' lives using mobile phone data such as photographs and searches.
The Chainsmokers see AI as reshaping the music industry, but not the powerful connection between fans and real artists, the DJ duo said at the CNBC Work Summit.
Shares of Asian livestreaming app 17LIVE began trading on Friday following merger with Singapore's first SPAC, Vertex Technology Acquisition Corporation.
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