Nvidia falters, an OpenAI exit, and AI Pin returns: AI news roundup
In mid-June, chipmaking darling Nvidia was at its peak, trading at record-highs and briefly surpassing Apple and Microsoft to become the world’s most valuable public company. Since then, Nvidia’s market value has tumbled $900 billion.
Earlier this week, Nvidia’s stock fell after a report that shipments of its highly-anticipated Blackwell AI platform are delayed due to design flaws.
Read about it and more in the AI news roundup.
It only took two months for Nvidia to lose $900 billion in market value
Earlier this year, Nvidia became the first chipmaker to reach a $2 trillion market cap, shortly joined the $3 trillion market cap club, and then surpassed both Apple and Microsoft to become the most valuable public company in the world. Since then, its value has tumbled $900 billion.
Microsoft and Palantir will sell AI software to U.S. defense and intelligence departments
U.S. national security missions will soon get a boost from cloud-computing and artificial intelligence tools from Microsoft and Palantir.
The AI Pin has hit a snag — people are returning it more than they are buying it
Some tech leaders see virtual assistants as the next phase of generative artificial intelligence — but one startup working on the idea is having a hard time selling it.
Nvidia is using more Samsung chips as it struggles to meet AI demand
Nvidia might be a dominant force in the market for artificial intelligence chips, but it’s struggling to meet soaring demand, and reportedly turning to Samsung to supply a key part of its chipset.
Apple’s AI is a far cry from Tim Cook’s goal
Redditors uncovered the set of prompts Apple is using to instruct its suite of AI tools, Apple Intelligence.
A telecom company got $5 billion in new AI deals — and its stock is up 93%
The generative artificial intelligence boom is driving new business and stock performance for a major telecommunications company.
Nvidia-partner SK Hynix will get $450 million in Chips Act funding for its Indiana facility
The Biden administration has now invested in all five of the world’s major chipmakers with its latest Chips and Science Act funding recipient.
An OpenAI co-founder is leaving to join a rival startup founded by ex-OpenAI engineers
Less than a day after one OpenAI co-founder filed a lawsuit against the startup and key executives, its president announced a months-long sabbatical and co-founder John Schulman revealed he would be joining rival artificial intelligence firm Anthropic.
A major finance firm is requiring its 35,000 employees to take a generative AI bootcamp
Ratings and analytics company S&P Global is partnering with consulting firm Accenture to train its staff to use generative artificial intelligence.
Elon Musk’s AI chatbot called out for spreading fake election news
Five of the U.S.’s top election officials on Monday asked X owner and chief technical officer Elon Musk to ensure his artificial intelligence chatbot stuck to the facts after it spread false information regarding Vice President Kamala Harris.
An Nvidia rival just landed $640 million in cash — and a Meta AI mentor
AI chipmaking startup Groq — not to be confused with Elon Musk’s AI chatbot, spelled Grok — announced Monday that it’s secured another $640 million from BlackRock, Cisco, and other investors.
Nvidia tanked after reports of an AI chip design flaw
Nvidia shares fell sharply in pre-market trading — about 13% — and remained down by around 8% after the market opened on Monday.