The AI craze just keeps powering Nvidia higher and higher. First the chip maker surpassed Amazon in market cap. Then it flew past Google parent Alphabet on its way to being the third-most valuable company in the U.S.
And that’s only some of another busy week in the world of generative artificial intelligence. Check out the slideshow above for more, including ChatGPT’s new trick and why AI girlfriend chatbots are not to be trusted.
OpenAI announced a new feature in which ChatGPT users can now have the AI chatbot remember something specific from chats with it — saving you time from repeating yourself. With a technology sometimes referred to as context retention or persistent context, the feature is called Memory.
In an ongoing loneliness epidemic, the rise of AI chatbot companions and romantic partners might be meeting some people’s needs, but researchers found these bots aren’t the best of friends when it comes to protecting secrets.
At the University of Pennsylvania, undergraduate students in its school of engineering will soon be able to study for a bachelor of science degree in artificial intelligence.
In a slew of recent tech company earnings reports, companies such as Palantir and Arm pointed to how AI is increasing their revenue. And that made investors happy, with both stocks soaring after. After all, amid so much AI hype last year, Nvidia and Microsoft were the only companies that could show how AI was actually lifting revenue.
Nvidia’s market capitalization — which stands at $1.88 trillion — has now surpassed the market caps of both Amazon ($1.75 trillion) and Google parent Alphabet ($1.77 trillion) as of Thursday. That establishes the chipmaker the third most valuable company in the U.S. Nvidia stock is up 50.41% year to date.
Just seven years after being founded, OpenAI’s annual run rate — a measure of one month’s revenue multiplied by 12 — hit the $2 billion revenue mark. That puts the AI startup among a handful of companies, including Google and Meta, to have made billions in revenue within just a decade of existence.
OpenAI and Microsoft said they found and shut down OpenAI accounts belonging to “five state-affiliated malicious actors” using AI tools, including ChatGPT, to carry out cyberattacks.
A lot of CEOs are highlighting AI initiatives on earnings calls with investors and analysts. Add Moody’s to the list.
AI indeed changing the labor market, with tech layoffs happening in part due to companies’ priorities shifting to AI. Now a new working paper from Massachusetts Institute of Technology economist David Autor says that the shift presents a unique opportunity: AI could enable more workers to perform higher-stakes, decision-making tasks that are currently relegated to highly-educated workers such as doctors and lawyers.
