Nvidia’s Market Cap Tops $3.4 Trillion
On Monday, October 14, Nvidia shares closed at a record high as Wall Street is currently preparing for earnings season.
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OpenAI’s Nonprofit Structure Demonstrates Probability of Transformation
OpenAI, one of the main players in the global artificial intelligence industry and the developer of the world’s most popular chatbot called ChatGPT, is likely to face costly and inconvenient reckoning due to its nonprofit origin, even though the startup’s valuation has reached the $157 billion mark.
AMD Launches New AI Chip
AMD last Thursday, October 10, launched a new artificial intelligence chip that is aimed directly at competing with Nvidia’s graphics processing units for data centers.
CoreWeave Gets $650 Million Credit Line
CoreWeave, an artificial intelligence startup that rents out chips to other companies, on Friday, October 11, announced that it has a new credit line for $650 million.
Smartsheet and AWS to Help Companies Access Their Work Management Data
Amazon Web Services (AWS) and Smartsheet, as part of a partnership, will join forces to help companies access their work management data through a digital assistant based on generative artificial intelligence.
Startup Writer Launches New AI Model
The startup Writer, which is based in San Francisco, last Wednesday, October 9, debuted a large model of artificial intelligence.
Amazon to Deploy AI-Powered Technology to Help Drivers Find Packages
Amazon is currently preparing to roll out technology that uses artificial intelligence and lighting to help delivery drivers find the packages they need in trucks at a particular moment.
HSBC Exec Says About AI’s Impact on Finance Sector
Edward J Achtner, the head of generative AI for UK banking giant HSBC, said that many companies have still failed to achieve tangible results in the use of artificial intelligence in their activities, despite statements about significant progress in the relevant direction.
Vodafone and Google Deepen Strategic Partnership to Expand GenAI Services Across Europe and Africa
Vodafone will expand access to Google’s AI-powered Pixel devices with its fast 5G network and offer Google One AI Premium subscription plans, which include Gemini Advanced, in select territories by 2025.
Foxconn’s Revenue Beats Estimates
Revenue of Foxconn, the world’s largest contract electronics manufacturer based in Taiwan, was the highest ever in the third quarter of the current year.
Shaping the AI-to-AI Economy With Don Gossen From Nevermined: Interview
“We’re still effectively in the “early 90’s internet” phase of AI at the moment. […] as we unlock AI capabilities, especially those semi-autonomous or autonomous in nature, we begin to see what the future has in store. The possibilities of AI applications are conceivably endless, limited perhaps only by imagination and energy production,” says Don […]
Meta Presents AI Video Generator
Meta Platforms Inc. has presented a new artificial intelligence tool that is designed to generate and edit videos.
OpenAI Secures $4 Billion Credit Line
OpenAI has secured a new revolving credit line worth $4 billion.
OpenAI Closes Funding at $157 Billion Valuation
OpenAI has closed its long-awaited funding round at a valuation of $157 billion.
Nvidia and Accenture to Boost Corporate AI Adoption
Nvidia Corp. expands the scope of cooperation with technology consultant Accenture to drive the adoption of artificial intelligence in the business environment and boost orders for the chip manufacturer’s products.
SoftBank Reportedly to Invest $500 Million in OpenAI
The media reports that the Vision Fund, which is part of the ownership structure of the Japanese telecommunications company SoftBank, intends to invest $500 million in the latest round of funding for OpenAI.
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