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Nvidia

Why are Nvidia shares soaring?

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Tuesday saw Nvidia Corp (NVDA.O) reach a trillion-dollar market valuation as shares rose following a strong earnings report that made Wall Street reevaluate the chipmaker’s potential bonanza from artificial intelligence growth.

The $1 trillion valuation of Nvidia places it behind Apple, Microsoft, Alphabet, and Amazon as the fifth most valuable U.S. firm. The gaming chip manufacturer Nvidia recently made a shift to the data center industry.

Nvidia
Image Source: digitalnationaus.com.au

When gaming and cloud adoption exploded during the pandemic and cryptocurrency aficionados began using the company’s chips to mine coins, the company’s business grew quickly. In the fiscal year that concluded on January 29, the company’s data center chip division generated more than 50% of its sales.

Also Read: Chip giant Nvidia nears trillion-dollar status on AI bet

This year, generative AI has become popularised by the ChatGPT chatbot, which went viral. The technology generates new content, such as poems, photos, and even computer code, using enormous amounts of pre-existing data.

The two major companies in the field, Microsoft and Alphabet Google think that generative AI will revolutionize the way that work is done. As they compete to rule the market, the two have rushed to incorporate technology into their internet search engines and efficiency programs.

By 2030, according to Goldman Sachs analysts, American investment in AI may account for close to 1% of the nation’s GDP. Powerful chips known as graphics processing units (GPUs) are used in huge computers that process data and power generative artificial intelligence. Analysts estimate that around 80% of GPUs are made by Nvidia.

The specialized type of math required for AI computation can be handled very effectively by GPUs. Generic central processing units, on the other hand, are less effective in handling a wider range of computing activities.

As an illustration, thousands of Nvidia GPUs were used to build OpenAI’s ChatGPT. Elon Musk, the CEO of Tesla, also purchased GPUs from Nvidia for his AI business, according to a Financial Times report from April. Advanced Micro Devices and internal AI processors produced by businesses like Amazon, Google, and Meta Platforms are among Nvidia’s key rivals.

Also Read: Grab co-founder Tan Hooi Ling to step down from operational roles

Nvidia is a leading manufacturer of GPUs, which are widely used in gaming, data centers, and AI applications. The demand for GPUs has been increasing as more industries and technologies rely on parallel processing capabilities for tasks such as AI training, deep learning, and high-performance computing.

Nvidia has been at the forefront of the AI boom, leveraging its GPUs to accelerate AI and machine learning workloads. The company’s GPUs are particularly well-suited for training deep neural networks, which require intensive computational power. With the rapid growth of AI applications across industries, Nvidia’s GPUs have become a crucial component of AI infrastructure.

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ChatGPT

OpenAI’s ChatGPT app tops 500K downloads in just 6 days

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The ChatGPT app from OpenAI has had a fantastic start despite only being available on iOS and in the United States until today’s extension to 11 more international regions.

In its first six days of availability, the app has already topped half a million downloads, according to a recent report by app intelligence firm data.ai. It is only surpassed by the debut of the Trump-backed Twitter clone, Truth Social, in February 2022 in terms of new app releases that have had the highest performance over the course of this year and the previous year.

ChatGPT
Image Source: techcrunch.com

The App Store has become flooded with third-party apps identifying themselves as “ChatGPT” or “AI chatbot” as customer demand for AI chatbots increased.

Despite the fact that many of these were really “fleece are,” aiming to deceive users into paying for pricey memberships to access their AI, a collection of top applications nevertheless managed to generate millions in revenue from users.

It might have been more difficult for an official ChatGPT app to gain popularity given the competitive environment among AI chatbots. In actuality, though, such was not the situation.

Also Read: Windows 11 finally gets native RAR support

The majority of its competitors, including other well-known AI and chatbot apps as well as Microsoft’s Bing and Edge apps, which provided some of the first important third-party integrations of OpenAI’s GPT-4 technology, were outperformed by the ChatGPT app from OpenAI.

Though Bing and Microsoft Edge undoubtedly benefited from ChatGPT’s initial popularity, they saw 340,000 and 335,000 downloads on iOS and Android, respectively, in their best five-day periods in February. However, OpenAI’s ChatGPT app easily outperformed them, producing 480,000 installs in the initial five days of its United States launch, when the app was iOS-only

The app outperformed other top AI chatbot apps in the U.S., many of which had generic names to take advantage of consumer searches for terms like “AI” and “chatbot” on the App Store, according to Data.ai’s data. When compared to other apps’ best five-day periods throughout the App Store and Google Play in 2023, OpenAI’s ChatGPT came in at number five in terms of downloads.

According to the data, “Chat with Ask AI,” the sole app that outperformed it, got 590,000 installs between April 4 and 8, 2023, as opposed to ChatGPT’s 480,000 downloads between May 18 and 22. Even though it has only been launched for a week, ChatGPT is already among the top five AI chatbot apps in terms of downloads in May 2023 in the United States.

Microsoft

Microsoft Build 2023: Big Announcements

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This week marks the beginning of Microsoft Build, which is shaping up to be a significant AI-focused event. The corporation has made a number of announcements about how it is increasing the use of AI in all of its products and services, including Windows 11, Microsoft 365, and others.

Copilot, Microsoft’s AI personal assistant, will be available on Windows 11. The same tool is already integrated by Microsoft into Edge, its Office apps, and GitHub.

Microsoft
Image Source: hindustantimes.com

However, the Windows Copilot will be housed in the taskbar. By clicking on it, the Copilot sidebar appears, where you may ask it to edit your computer’s settings and summarise, rewrite, or explain the content in any of the apps you’re using.

Also Read: Will AI Take Over The World?

Additionally, Windows 11 will receive a few smaller changes, such as Bluetooth LE support, which enables you to listen to high-quality audio without compromising the battery life of your device. Along with native RGB controls in Windows 11, Microsoft is also introducing support for 10 new dialects and languages in live captions, a feature that instantly transcribes audio.

Regarding its 365 Copilot, Microsoft has some significant news to announce: the inclusion of plug-ins. Three different categories of plug-ins, such as Teams messaging extensions, Power Platform connectors, and products utilizing ChatGPT technology, will now be supported by the AI assistant.

You’ll also get access to dozens of third-party plug-ins, including those made by Atlassian and Adobe. Additionally, Microsoft claims that it will apply the same standard for all Copilot and Bing Chat plug-ins that OpenAI does for ChatGPT.

This makes it possible to utilize the same plug-ins throughout all three AI-powered applications, and it also makes it simpler for developers to make them.

Microsoft will make 365 Copilot available on Edge. The feature, which will be located in the browser’s sidebar, may be used to work on projects in Microsoft 365 products like Outlook, Word, Excel, and others by utilizing the information on the website you’re currently visiting.

By integrating with GitHub Copilot, Windows Terminal will gain an AI-powered chatbot. GitHub Copilot users can now interact with the chatbot directly from the Terminal to do a variety of tasks, obtain code advice, and describe errors. Additionally, Microsoft claims to be looking towards integrating the GitHub Copilot with other development tools, such as WinDBG.

Also Read: Why Is Minecraft Server Mineplex Shutting Down?

Bing being the default search engine in OpenAI’s ChatGPT chatbot isn’t all that surprising given Microsoft’s massive investment in the company. Citations found by Bing will now be added to the chatbot’s responses for users of ChatGPT Plus as of right now.

Although OpenTable and WolframAlpha plug-ins for Bing were originally disclosed by Microsoft, the pool is now significantly larger. Expedia, Instacart, Kayak, Klarna, Redfin, TripAdvisor, Zillow, and more will soon have plug-ins that Bing will support.

AI

What is the “Hiroshima process” to govern AI?

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G7 leaders expressed worry over the disruptive potential of quickly developing technologies and agreed that governance in the arena of generative AI must adhere to G7 ideals. The nations are scheduled to undertake cabinet-level conversations on the matter as part of what they are referring to as the “Hiroshima Process” and the leaders indicated in an address at the G7 summit on Friday that the outcomes will be presented by the end of the year.

AI
Image Source: business-standard.com

Japanese Prime Minister Fumio Kishida requested cooperation towards a secure, cross-border flow of data and pledged financial support to such an effort in order to ensure that AI research is human-centric and reliable.

The plea for stronger regulation is consistent with those made by business and political leaders around the world after OpenAI’s ChatGPT sparked a race for businesses to build the technology more swiftly.

Also Read: Meta announces AI training and inference chip project

It’s feared that if the developments — which can create writing that is authoritative and human-sounding and make images and videos — go unchecked, they will become a potent instrument for deception and political upheaval. This week, Sam Altman, CEO of OpenAI, and the privacy leader of International Business Machines urged US senators to tighten AI regulations.

World Health Organisation warned this week in a statement that implementing AI too soon carried the danger of causing medical blunders, which might damage people’s confidence in the technology and impede its adoption.

Altman and other individuals have been called to the UK by Prime Minister Rishi Sunak in order to develop a strategy to address both the hazards and advantages of AI.

The European Union is moving towards regulating AI tools by requiring businesses to ensure that users are aware when they are dealing with AI and by outlawing its use for real-time identification of individuals in public. According to Altman, establishing a new regulatory body would help the US preserve its dominance in the industry.

In contrast to strong regulatory legislation like those in the EU, the Japanese government frequently favors regulating AI under laxer guidelines.

Hiroki Habuka, the senior associate at the Wadhwani Centre for AI and Advanced Technologies, said that if there is a serious issue, the government should eventually use hard legislation to enforce its policies. But if the law is very specific, it won’t be able to keep up with technological advancements.

It will be difficult to establish an international standard for generative AI regulation at this time since different values are considered appropriate in society in each of the G7 nations, he said.

AI

Will AI Take Over The World?

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In recent years, the rise of artificial intelligence (AI) has sparked debates and concerns about its potential to take over the world. With science fiction movies and novels portraying dystopian scenarios, it’s natural to wonder if it will surpass human intelligence and seize control.

In this blog post, we will examine the topic of AI takeover, exploring the current state of the technology, its limitations, and the ethical safeguards in place, ultimately separating the facts from the fiction.

AI
Image Source: theconversation.com

While it has made significant advancements, particularly in narrow domains, we are still far from witnessing a true AI takeover. AI systems excel in tasks such as image recognition, language processing, and decision-making within predefined parameters.

Also Read: Why does the US want to ban TikTok?

However, they lack the capability for general intelligence, which encompasses adaptability, abstract reasoning, and consciousness. AI is designed to augment human capabilities rather than replace them, offering valuable tools for various industries.

AI systems have inherent limitations that prevent them from taking over the world. One major constraint is that artificial intelligence algorithms are created and trained by humans, and their behavior is dictated by the data they are exposed to. They are essential tools created to assist humans in solving complex problems, relying on human oversight and intervention.

Furthermore, AI lacks certain human traits like emotions, empathy, and intuition, which are crucial for understanding complex social dynamics and making ethical judgments. Without these qualities, artificial intelligence systems are limited in their ability to fully comprehend and respond to the complexities of the real world.

To address concerns related to AI’s potential misuse, the development and deployment of AI systems are governed by ethical frameworks and regulations. Organizations and researchers are increasingly emphasizing the importance of responsible AI practices.

Initiatives such as explainable AI, fairness in algorithms, and transparency are being promoted to ensure AI systems operate in a trustworthy manner. Additionally, policymakers and experts are working towards establishing legal frameworks that address AI’s impact on society.

Regulations are being implemented to safeguard privacy, prevent discrimination, and maintain human control over critical decisions. These measures aim to ensure that artificial intelligence technologies are developed and used for the benefit of humanity, with human values and ethics at their core.

Also Read: Why Is Minecraft Server Mineplex Shutting Down?

Fears of a takeover are largely rooted in science fiction rather than reality. While the technology has demonstrated remarkable capabilities in specific domains, it lacks the fundamental qualities required for world domination.

The implementation of ethical safeguards and the focus on responsible artificial intelligence development will continue to ensure that AI remains a valuable tool in our hands, rather than a threat to humanity.

Vietnam

Apple to open the first online shop in Vietnam

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In response to slow-moving iPhone sales in China, Apple announced on Friday that it would launch its first online shop in Vietnam the following week.

Only a few weeks have passed since the first Apple stores in India, in Mumbai and Delhi, were launched by the Cupertino, California-based business.

Vietnam
Image Source: siliconangle.com

Tim Cook, the CEO of Apple, is placing his bet on developing regions, where there are fewer iPhones and a younger age group, which will present more growth potential.

Also Read: UK restricts Microsoft, Activision from buying interest in each other

Apple did not specify when it will be opening actual retail outlets in Vietnam, which comprises a “100 million-person” population.

“We’re proud to be expanding in Vietnam,” said Deirdre O’Brien, Apple’s senior vice president of retail.

Source: finance.yahoo.com

Retail stores frequently open before they go online. Licensed retailers currently sell Apple gadgets in Vietnam, and the company has several suppliers who assemble its devices there for exportation.

During India’s holiday shopping season in 2020, Apple opened its first online shop there.

“We’re proud to be expanding in India and want to do all we can to support our customers and their communities,” said Deirdre O’Brien, Apple’s senior vice president of Retail + People. “We know our users are relying on technology to stay connected, engage in learning, and tap into their creativity, and by bringing the Apple Store online to India, we are offering our customers the very best of Apple at this important time.”

Source: apple.com

Discounts according to a federal plan to increase domestic mobile manufacturing in India were granted in October for 16 companies, including prominent Apple suppliers.

After staging a protest over unpaid salaries in December of that same year, contract employees at Apple partner Wistron’s Bengaluru facility trashed the building. Apple placed the plant on probation before allowing it to resume manufacturing two months later.

In December 2021, after over 250 female employees who live in one of the business dorms received medical treatment for food poisoning, riots broke out at the Foxconn facility in Tamil Nadu.

The facility was shut down for more than three weeks when Apple discovered that the facilities did not satisfy the necessary standards.

The same year, the competition regulators in India request a probe into Apple’s in-app pricing scheme because it initially believed the iPhone manufacturer had broken several antitrust regulations.

Pegatron, a supplier of Apple, opened its first iPhone assembly facility in the Tamil Nadu province in September 2022.

Foxlink, an Apple vendor that makes iPhone chargers, temporarily ceased operations at its manufacturing factory in the southern Indian state of Andhra Pradesh for several weeks in February 2023 after a significant fire caused a portion of the structure to collapse.