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- Nvidia overtakes Apple and becomes the world’s second most valuable company
Nvidia overtakes Apple and becomes the world’s second most valuable company
Nex AI News
Nex AI
June 09, 2024
Nvidia overtakes Apple and becomes the world’s second most valuable company
Sunday - June 9 - 2024
Google Refines AI Overviews After Bizarre Responses, Limits Content
Google has enhanced its AI Overviews feature with "technical improvements" following viral bizarre responses, including suggesting
non-toxic glue on pizza and jumping off the Golden Gate Bridge as a cure for depression. Google has also limited user-generated content in responses.
Chip maker Nvidia is now worth over $3 trillion, making it the second most valuable company in the world, surpassing Apple.
Nvidia has become Silicon Valley's largest company, unseating Apple, which faces concerns over iPhone sales in China.
🔻 GME GameStop Corp. | $28.22 | -18.33 |
📈 GERN Geron Corporation | $4.5900 | +0.7000 |
🔻 MARA Marathon Digital Holdings, Inc. | $19.27 | -1.53 |
🔻 TSLA Tesla, Inc. | $177.48 | -0.46 |
📈 AAPL Apple Inc. | $196.89 | +2.41 |
Today’s newsletter :
Nvidia overtakes Apple and becomes the world’s second most valuable company
Apple needs to focus on making AI useful, not flashy
DuckDuckGo releases portal giving private access to AI models
A social app for creatives, Cara grew from 40k to 650k users in a week because artists are fed up with Meta’s AI policies
Things Keep Getting Worse for the Humane Ai Pin
Most Read: Google’s AI Search Updates, Nvidia CEO on Generative AI Redefining the Future
The Prompt: The Billionaire War Over AI’s Future
How Amazon Used AI to Design the F1 Trophy
Here are the most-read stories on AI Business this week:
Google Refines AI Overviews After Bizarre Responses, Limits Content
Google has enhanced its AI Overviews feature with "technical improvements" following viral bizarre responses, including suggesting non-toxic glue on pizza and jumping off the Golden Gate Bridge as a cure for depression.
Google has also limited user-generated content in responses.
Nvidia CEO: Generative AI, Accelerated Computing to Redefine the Future
Nvidia CEO Jensen Huang highlighted generative AI and accelerated computing as key to reshaping industries during his keynote at Computex.
Nvidia’s hardware is pivotal for scaling new generative AI applications.
AI Workloads to Double Data Center Power Demand by 2026
A PGIM report warns that data center power consumption will more than double by 2026, driven by intensive AI workloads, potentially consuming the same electricity as Japan.
AMD New Chips Take on Nvidia, Power AI PC Workloads
AMD unveiled new AI hardware at Computex 2024, including the Instinct MI325X GPU, set to compete with Nvidia’s H100.
AMD also previewed its EPYC server processors and outlined a faster product release cycle.
Microsoft, Hitachi Sign $18.9B Generative AI Partnership
Hitachi will leverage Microsoft’s AI and cloud services in a multiyear, $18.9 billion partnership, integrating Azure OpenAI Service into its Lumada business to enhance digital solutions and developer productivity.
Google and Microsoft have showcased their generative AI at developer conferences, and now all eyes are on Apple’s Worldwide Developers Conference, where Apple Intelligence is expected to debut.
Apple, under pressure to impress, must balance innovation with reliability and avoid overpromising.
Apple needs AI features that enhance device utility, potentially by running locally on devices, like offline transcriptions.
Expected announcements include notification and web page summaries, text generation, and photo editing, but these must be seamless and privacy-focused.
Only iPhone 15 Pro and M1 or later devices may get AI features, and these will be opt-in, reflecting Apple’s cautious approach.
Apple will likely avoid controversy with creators and emphasize privacy.
A major change could be a revamped Siri, aiming for better query understanding and multitasking capabilities.
Siri might not get deeper app access, but an AI assistant could help create complex shortcuts.
Rumors suggest Apple might announce a deal with OpenAI for AI features, but Apple may avoid content-related AI due to issues like hallucinations.
Apple aims to avoid the pitfalls faced by others, like Google and OpenAI, who had to retract AI features due to errors or copyright concerns.
The latest Raspberry Pi, a favorite among tech hobbyists and industrial companies, now doubles as an AI computer with the $70 AI Kit.
This extension includes a neural network inference accelerator for local inferencing on the Raspberry Pi 5, using the HAT+ extension card.
The HAT+ card, featuring an M.2 slot connected via a single-lane PCIe 3.0 interface at 8Gbps, hosts the Hailo-8L module from AI chip startup Hailo.
This enables the Raspberry Pi 5 to perform 13 tera-operations per second (TOPS).
Raspberry Pi OS automatically detects the Hailo module, allowing immediate use for applications, including updated camera apps for neural network inferencing.
This supports tasks like object detection, semantic and instance segmentation, pose estimation, and facial landmarking.
The AI Kit offers extensive possibilities for the Raspberry Pi community to innovate with AI, beyond just camera applications.
DuckDuckGo has launched a platform for private interactions with popular AI chatbots, ensuring data security.
Accessible globally at Duck.ai, it features a clean interface and four AI models: OpenAI’s GPT-3.5 Turbo, Anthropic’s Claude 3 Haiku, Meta’s Llama-3 70B, and Mistral AI’s Mixtral 8x7b.
DuckDuckGo prioritizes user privacy, preventing data from being used to train models and stripping metadata to ensure anonymity.
Saved chats are deleted within 30 days.
The service, free within a daily limit, may introduce a paid tier to reduce these limits.
Designed to complement its search engine, DuckDuckGo’s AI Chat allows seamless switching between search and chat for a comprehensive experience.
This launch highlights DuckDuckGo’s commitment to privacy in an industry increasingly scrutinized for data usage.
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A social app for creatives, Cara grew from 40k to 650k users in a week because artists are fed up with Meta’s AI policies
Artists are revolting against Meta’s AI policies, but Meta’s loss is Cara’s gain.
Cara, an artist-run, anti-AI social platform, has surged from 40,000 to 650,000 users in a week, topping the App Store charts.
Things Keep Getting Worse for the Humane Ai Pin
The Humane AI Pin, a $700 AI-infused hologram-projecting phone replacement, has faced widespread criticism.
The device lacked key features, overheated, and its projector was invisible in daylight.
Most Read: Google’s AI Search Updates, Nvidia CEO on Generative AI Redefining the Future
Amazon and FORMULA 1 have partnered to create the first-ever GenAI-inspired trophy for the 2024 AWS GRAND PRIX DU CANADA.
The trophy's design was generated using Amazon's Titan Image Generator and handcrafted by a British silversmith.
Chip maker Nvidia is now worth over $3 trillion, making it the second most valuable company in the world, surpassing Apple.
Nvidia’s shares have soared due to excitement about AI, much of which relies on its chips.
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