Wells Fargo Sees Open Model Advancement Favoring MSFT and NOW

Wells Fargo's analysts led by Michael Turrin have stated that open model advancement is favorable for large incumbent platforms, particularly Microsoft (MSFT) and ServiceNow (NOW).

The analysts noted that open model development is gaining momentum with the release of Moonshot AI's Kimi K3 and Z.ai's GLM 5.2.

This trend could benefit companies like Microsoft and ServiceNow, which are already established players in the market.