The AI industry has been feeling the rush this week — from a new Nvidia chip that already has the world’s tech giants lining up, to billions of dollars in AI investments in the U.S. and Saudi Arabia.
Check out the slideshow for those and more highlights from the week in AI news.
Nvidia has been on a hot streak in 2024 — beating Wall Street estimates in its fourth-quarter earnings and seeing its stock rise over 80% year-to-date — thanks to its highly sought-after H100 chip that’s powering the AI boom. But after the unveiling of its new, highly-anticipated chip, Blackwell, at its GPU Technology Conference at the top of this week, the chipmaker didn’t see its stock move much.
Despite his tendency to play against his tech rivals, even Elon Musk is hungry for tech’s hottest chips from Nvidia. During the chipmaker’s annual GPU Technology Conference (GTC) in San Jose, California this week, two xAI co-founders — the AI company Musk founded as a rival to OpenAI — held sessions at the so-called Woodstock of AI.
American semiconductor pioneer Intel is set to receive up to $8.5 billion in direct government funding from the CHIPS and Science Act, part of an effort to advance U.S. chipmaking amid a booming AI industry and competition with China.
The world could have a new superpower in the Great AI race: Saudi Arabia reportedly has $40 billion earmarked to invest in artificial intelligence technology. A fund that size would be one of the world’s largest to-date targeted toward the development of AI.
While Nvidia CEO Jensen Huang’s announcement of the chipmaker’s highly-anticipated new chip, Blackwell, was the highlight of the tech world’s “Woodstock of AI,” his announcements of new partnerships saw the resurgence of the “Nvidia bump.”
Nvidia made waves this week during its GPU Technology Conference (GTC) in San Jose, California, debuting a new chip that has the world’s largest tech companies already queueing up. But for those of us who don’t need and can’t afford the $30,000 to $40,000 chip, it looks like Nvidia has a more affordable — and useful for one’s practical, walking-around life.
Nvidia, the company responsible for the most sought-after hardware in the world, unveiled an even more powerful next-generation version of its AI chip, at a conference dubbed the “Woodstock of AI” by employees and analysts. Nvidia CEO Jensen Huang announced the AI chipmaker’s highly anticipated new processor, Blackwell, saying tech giants like Microsoft and Google are already preparing for its arrival. Huang announced the new Blackwell chip at Nvidia’s annual GPU Technology Conference, or GTC, in San Jose, California.
Seeing a video playback of a cool dream or idea you have might become a reality soon. OpenAI’s text-to-video AI generator, Sora, is going to be publicly released “definitely this year,” said Mira Murati, the company’s chief technology officer. But when asked about nudity on Sora, Murati said she wasn’t sure if it would be allowed in video generations, adding that artists might use nude generations in creative settings. Murati said OpenAI is “working with artists and creators from different fields to figure out exactly what’s useful,” along with “what level of flexibility” Sora should have.
Tech giant Microsoft announced that it has named Mustafa Suleyman, the co-founder of two high-profile AI startups, as chief executive of its new AI division.
Nvidia CEO Jensen Huang unveiled the AI chipmaker’s highly anticipated new processor, saying tech giants like Microsoft and Google are already eagerly awaiting its arrival.
As the world’s most significant chipmaker faces a lawsuit over allegedly training its AI model on copyrighted work, Nvidia’s deputy general counsel said at the chipmaker’s AI tech conference he doesn’t see intellectual property law being extended to generative AI model creations.
Elon Musk shared the computer code powering his new AI company’s chatbot named Grok, the latest move in his ongoing rivalry with OpenAI and its CEO Sam Altman. Musk’s company xAI made Grok-1 an open-source AI model with a release on its website. “We are releasing the weights and architecture of our 314 billion parameter Mixture-of-Experts model, Grok-1,” the company said.
Super Micro Computer alarmed investors by announcing a new share offering, sending its stock hurtling down just a day after it debuted on the S&P 500.
Meta Platforms, the company behind Facebook and Instagram, does not expect to receive shipments of Nvidia’s new “Blackwell” AI chip this year, a company spokesperson said.
The AI investing craze has continued to heat up in 2024. AI chip maker Nvidia’s stock alone is up 77% since of the start of the year. While some Wall Street analysts warn that the AI frenzy is a “bubble within a bubble,” others argue that the big tech stocks are actually undervalued.
Apple is reportedly looking to power new features coming to the iPhone software later this year with its competitors’ artificial intelligence systems.
