Nvidia Suffers Record $279 Billion Rout as AI Worry Sinks Stocks

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AI, Events

Four weeks after US stocks buckled amid a global flight from risk assets, chipmakers touched off another bout of equities selling when a pair of industry analysts rekindled worries that the mania surrounding artificial intelligence had gone too far. Nvidia Corp. shares tumbled 9.5%, wiping out $278.9 billion in the biggest loss of value ever […]

OpenAI in talks to raise funding that would value it at more than $100 billion

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AI

OpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more than $100 billion, CNBC has learned. Thrive Capital is leading the round and will invest $1 billion, according to a source with knowledge of the matter who asked not to be named because the details are confidential. […]

Microsoft says OpenAI is now a competitor in AI and search

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AI, Business

Microsoft’s relationship with OpenAI has officially become more complicated. On Tuesday, Microsoft added the artificial intelligence startup to the list of competitors in the company’s latest annual report. It’s a roster that for years has included mega-cap peers Amazon, Apple, Google and Meta. Microsoft has a long-term partnership with OpenAI, serving as its exclusive cloud […]

OpenAI is building a new AI model under code name ‘Strawberry’

Categories
AI

𝘚𝘵𝘳𝘢𝘸𝘣𝘦𝘳𝘳𝘺 𝘦𝘹𝘵𝘦𝘯𝘥𝘴 𝘰𝘯 𝘖𝘱𝘦𝘯𝘈𝘐’𝘴 𝘘* 𝘱𝘳𝘰𝘫𝘦𝘤𝘵 𝘢𝘯𝘯𝘰𝘶𝘯𝘤𝘦𝘥 𝘪𝘯 𝘕𝘰𝘷𝘦𝘮𝘣𝘦𝘳 2023, 𝘸𝘩𝘪𝘤𝘩 𝘴𝘰𝘮𝘦 𝘥𝘦𝘴𝘤𝘳𝘪𝘣𝘦𝘥 𝘢𝘴 𝘢 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘣𝘳𝘦𝘢𝘬𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘢𝘭𝘭𝘰𝘸𝘪𝘯𝘨 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘰𝘧 “𝘧𝘢𝘳 𝘮𝘰𝘳𝘦 𝘱𝘰𝘸𝘦𝘳𝘧𝘶𝘭” 𝘈𝘐 𝘮𝘰𝘥𝘦𝘭𝘴. ChatGPT maker OpenAI is reportedly building a new AI model called “Strawberry” to help its artificial intelligence tools reach human-level intelligence through advanced reasoning. Strawberry would effectively scan […]

Nvidia Becomes World’s Most Valuable Company as AI Rally Steams Ahead

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AI

𝘕𝘷𝘪𝘥𝘪𝘢 𝘊𝘰𝘳𝘱.’𝘴 𝘳𝘦𝘭𝘦𝘯𝘵𝘭𝘦𝘴𝘴 𝘳𝘢𝘭𝘭𝘺 𝘩𝘢𝘴 𝘱𝘳𝘰𝘱𝘦𝘭𝘭𝘦𝘥 𝘵𝘩𝘦 𝘴𝘦𝘮𝘪𝘤𝘰𝘯𝘥𝘶𝘤𝘵𝘰𝘳 𝘨𝘪𝘢𝘯𝘵’𝘴 𝘮𝘢𝘳𝘬𝘦𝘵 𝘤𝘢𝘱𝘪𝘵𝘢𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘰𝘷𝘦𝘳 𝘪𝘵𝘴 𝘮𝘦𝘨𝘢-𝘤𝘢𝘱 𝘵𝘦𝘤𝘩 𝘱𝘦𝘦𝘳𝘴, 𝘩𝘦𝘭𝘱𝘪𝘯𝘨 𝘪𝘵 𝘤𝘭𝘪𝘯𝘤𝘩 𝘵𝘩𝘦 𝘵𝘪𝘵𝘭𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥’𝘴 𝘮𝘰𝘴𝘵-𝘷𝘢𝘭𝘶𝘢𝘣𝘭𝘦 𝘤𝘰𝘮𝘱𝘢𝘯𝘺 𝘢𝘴 𝘵𝘩𝘦 𝘢𝘳𝘵𝘪𝘧𝘪𝘤𝘪𝘢𝘭 𝘪𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦 𝘸𝘢𝘷𝘦 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘴. The stock rose 3.5% to close at $135.58 a share Tuesday, putting the company’s market value at about $3.3 trillion and catapulting it […]

Embracing the AI Wave: How to Thrive in the Age of Automation

Categories
AI

Are you feeling the AI anxiety? You’re not alone! A recent CNBC study reveals a fascinating trend: the more American workers embrace AI, the more they fear it taking their jobs. But here’s the twist, dear readers – this fear might be your golden ticket to massive revenues and career success in record time. AI […]