News

Tools for Humanity, a company founded by OpenAI co-founder Sam Altman, announced the official introduction of its iris recognition identity verification technology, the Orb device, in the UK. Starting this week, London residents can use this spherical scanning device to verify their identity, and in the coming months, the service will expand to several cities including Manchester and Birmingham. This technology creates a digital credential called "World ID" by scanning the iris, aiming to prove that users are real humans and not AI.

Investment bank Baird has downgraded Tesla (TSLA.O) from outperform to neutral, with a target price of $320. The firm noted that despite Tesla's weak quarterly performance, it has still risen by 24% (compared to the S&P 500's 13%), partly due to excitement over the upcoming launch of an affordable car and Robotaxi in June. We believe Musk is overly optimistic about the launch of Robotaxi, and much of the hype has already been priced in. His relationship with Trump also adds uncertainty. In the long term, Tesla remains a strong choice, but we are currently taking a wait-and-see approach.