Big Tech’s investments in AI paid off in 2023, driving a 26% return in the S&P 500, with Apple, Microsoft, Meta, Amazon, Alphabet, and Nvidia as the highlights. Their Q4 earnings will reveal who’s profiting most from the AI boom,
Meta’s Mark Zuckerberg has announced that he is merging the company’s two advanced AI divisions to fast-track developments on general-purpose AI chatbots. The reshuffling announced in an Instagram reel video signals Meta’s intent to dominate consumer-facing AI products and further
Google offered a chosen group of researchers at its AI division DeepMind stock worth millions of dollars per person in a bid to retain its brightest minds amid interest from rival OpenAI. The offer comes even as Google lays off
Perplexity AI chief executive officer Aravind Srinivas took potshots at rival Google after the startup raised $73.6 million from a group of investors, including Amazon billionaire founder Jeff Bezos and chip-maker Nvidia. The round was led by venture capital firm
NVIDIA’s H100 AI GPUs are projected to hit a deployed capacity of 3.5 million units by next year, but this comes with a caveat: the electricity consumption associated with these high-performance GPUs. While the increased units may be a plus
In the latest development for the 3D design and visual effects (VFX) industry, Foundry’s release of Nuke, a compositing tool, brings enhanced support for Open Universal Scene Description (OpenUSD). OpenUSD, initially developed by Pixar, has evolved beyond its animation roots,
Essential AI, a startup based in San Francisco, has secured $57 million in Series A funding. This round, led by March Capital, includes investors such as AMD, Google, NVIDIA, and others, marking a step in the company’s journey to advance
Nvidia CEO Jensen Huang has pledged to prioritize the nation in distributing its highly sought-after Graphics Processing Units (GPUs). This responsibility, aimed at fostering Japan’s burgeoning AI industry, marks a crucial step in the global race for technological supremacy. Huang’s
Meta, in conjunction with International Business Machines (IBM), has created an AI Alliance—a coalition of AI firms and research institutions pushing for a responsible and open approach to AI development. The AI Alliance wants to foster an open community that
OpenAI CEO Sam Altman is embarking on a journey to secure $100 billion in funding, targeting a new venture in the fiercely competitive AI chip market. He aims to establish a contender against industry giants Nvidia and Taiwan Semiconductor Manufacturing
Chipmaker Nvidia has introduced the H200 chipset, which will boost performance for large language models (LLMs) and handle bigger AI systems. The new chip is a significant upgrade from the H100, with almost double-performance speed as well as higher capabilities.
OpenAI raised the stakes in the AI race with massive salaries for top talent. The ChatGPT creator is targeting senior AI researchers at major rival Google, offering annual pay packages worth a reported $5 million to $10 million, mostly in
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