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☆ Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
▼ + stars: | 2024-04-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SK Hynix Inc. signage at the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is the world's second-largest memory chipmaker after Samsung Electronics and supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia . The explosive demand for AI chipsets boosted the high-end memory chip market, hugely benefiting players like SK Hynix and Samsung Electronics. To meet AI memory demand, the firm said it plans to increase supply of HBM3E – the latest generation of high-bandwidth memory for AI. SK Hynix said it will also introduce 32GB Double Data Rate 5 products this year to strengthen its leadership in the high-capacity server DRAM market.

Persons: SeongJoon Cho Organizations: SK Hynix Inc, SK Hynix, Bloomberg, Getty Images, South Korean, Revenue, Samsung Electronics, Nvidia Locations: Seongnam, South Korea, HBM3E

☆ Microsoft CEO Satya Nadella talks AI at Davos
▼ + stars: | 2024-01-16 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Microsoft CEO Satya Nadella said during the World Economic Forum in Switzerland on Tuesday he was “hopeful” and “optimistic” about the future of artificial intelligence. In a conversation with Klaus Schwab, chairperson of the World Economic Forum, Nadella discussed where he believes the AI industry is headed and the safety guardrails needed in place. “As a digital technology industry, the biggest lesson learned perhaps for us is that we have to take the unintended consequences of any new technology along with all the benefits,” Nadella said. At the same time, AI companies and lawmakers continue to call for sweeping regulations of the technology. Nadella said this is a fundamental change seen the industry over the last 10 years.

Persons: Satya Nadella, Klaus Schwab, Nadella, ” Nadella, it’s, CNN’s Fareed Zakaria, Bill Gates, ”, “ Organizations: CNN, Economic, “, Microsoft Locations: Switzerland, Silicon

☆ ChatGPT was Sam Altman's biggest achievement at OpenAI – and probably triggered his downfall
▼ + stars: | 2023-11-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Sam Altman was pushed out OpenAI CEO Friday in a move that shocked the tech community. AdvertisementSam Altman is out of OpenAI, the company he cofounded and helped turn into a leading AI lab. AdvertisementBut the launch of ChatGPT – arguably Altman's greatest success at OpenAI – may also have triggered his downfall. Current and former OpenAI employees told The Atlantic that pressure to commercialize ChatGPT created divisions among leadership. AdvertisementFurther product releases including ChatGPT Plus and GPT-4 only served to increase tensions, three people at OpenAI at the time told The Atlantic.

Persons: Sam Altman, it's, Altman, ChatGPT, —, OpenAI, ChatGPT –, Ilya Sutskever, Greg Brockman, Brockman, Sutskever, he's, texted Altman, we've Organizations: Service, Microsoft, ChatGPT, The New York Times Locations: OpenAI, Sutskever

☆ Big Tech earnings highlighted big spending on artificial intelligence. Here's what it means for AI king Nvidia
▼ + stars: | 2023-10-27 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

All four companies are buyers of Nvidia's cutting-edge AI chips, which dominate the market for training the massive models that power applications like the viral ChatGPT. "I think that Nvidia is the quiet partner behind the winners including Microsoft," Jim Cramer said Friday. Notably, about 3 percentage points of Azure's growth was linked to customer AI spending, Hood said. Amazon Amazon's results and earnings call Thursday added to the body of evidence on AI spending as a priority at U.S. tech giants. This week's slate of Big Tech earnings left little doubt that, as more Nvidia chips become available, there will be a place inside data centers for them to go.

Persons: haven't, —, Jensen Huang, Jim Cramer, NVDA, Jim, Amy Hood, Hood, Ruth Porat, Porat, Susan Li, Brian Olsavsky, Andy Jassy, Jassy, It's, Jim Cramer's, Jensen Huang Getty Organizations: Nvidia, Big Tech, Microsoft, Facebook, U.S, Google, Broadcom, AWS, Loop, Taiwan Semiconductor Manufacturing Company, CNBC Locations: China, OpenAI, Amazon's

☆ Walmart's corporate employees are getting a generative AI assistant while Amazon and Apple are restricting AI in the workplace
▼ + stars: | 2023-08-30 | by ( Grace Mayer | Aaron Mok | ) www.businessinsider.com time to read: +5 min

The retailer is embracing AI while other companies limit employees' use of AI in the workplace. It's one of many generative AI tools the company has already employed across to its 50,000 corporate employees. Walmart's provision of generative AI tools to its office workers is one of the ways the big box retailer seeks to integrate AI across the company. In-stores, Walmart employees can turn to an "Ask Sam" voice assistant to help them locate items. AdvertisementAdvertisementWhile some major US companies are torn on whether to embrace generative AI, others are introducing AI into their businesses with caution.

Persons: Donna Morris, Emerging Technologies Cheryl Ainoa, Sweta Patel, Sam, Doug McMillon, McMillon, Goldman Sachs, Estée Lauder, ChatGPT Organizations: Walmart, Service, Apple, Samsung, New Business, Emerging Technologies, Accenture, Tech, Meta, Netflix, ChatGPT Locations: Wall, Silicon

☆ Nvidia's stock is the cheapest in 8 months, according to this key market metric
▼ + stars: | 2023-08-29 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Nvidia's earnings beat Wall Street's expectations last week, but that failed to translate into gains for its stock. The chipmaking giant's forward price-to-earnings ratio has dropped to its lowest level since December 2022, according to data from Refinitiv. Forward P/E ratios measure a company's stock price against its expected earnings over the next 12 months, helping investors to assess whether shares are over- or undervalued. Fellow Big Tech companies Apple, Microsoft, and Google parent Alphabet also have forward P/E ratios of around 30, per Refinitiv. But those stellar results didn't translate into significant gains for its share price – leading to its forward P/E ratio falling from 46-times expected earnings to 33-times expected earnings, according to Refinitiv.

Organizations: Service, Nvidia, Big Tech, Apple, Microsoft Locations: Wall, Silicon, Refinitiv

☆ Alibaba is doubling down on A.I. — Chinese stocks to watch
▼ + stars: | 2023-08-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Where to play it Where HSBC analysts are looking is in Chinese AI hardware stocks. Its customers also include Nvidia and U.S. and Chinese cloud companies. Based on in-person company visits — which revealed about a third had "lousy management" and not investable — he's decided to focus on Chinese AI and green energy companies. His watchlist of about 90 Chinese AI companies has more than doubled in value this year, Ogan said, noting his firm only owns a handful. However, publicly disclosed figures show the AI company only made net revenue of $48.2 million in 2022, with a net loss of $6 million.

Persons: They're, Tencent, Ernie chatbot, Frank He, Innolight, FII, Taylor Ogan, — he's, Ogan, Yuan Hui, Xiao, That's, Yuan, —, China's, Hua Zang, chatbot Organizations: Baidu, HSBC, HSBC Qianhai, Nvidia, Microsoft, Google, Biden, Snow Bull, Nasdaq, IDG Locations: China, Suzhou, Friday's, U.S, Shenzhen, Shanghai, Beijing

☆ Workers are hiding their AI productivity hacks from bosses. A Wharton professor says companies should get them to share.
▼ + stars: | 2023-06-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

A Wharton professor said employees are leveraging AI to increase their productivity at work. Companies should offer incentives to try and lure these workers out, the professor said. A Wharton professor has said companies should try to tempt employees to share how they're using AI to increase their personal productivity – rather than ban the tech and force them to hide it. He advised companies to try and lure these workers out, offering them incentives such as shorter days to share their discoveries. Mollick added that workers are already finding ways to get around bans on using AI at work, such as using their personal phones to access it.

Persons: Wharton, they're, Ethan Mollick, Mollick, Goldman Sachs Organizations: Companies, Morning, Wharton School, University of Pennsylvania, Employees, Goldman

☆ AI hype could end up like the dot-com bubble, veteran investor warns: 'I'd put much larger odds on it coming down'
▼ + stars: | 2023-06-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Investors are loving AI right now, with chipmaker Nvidia sitting near a $1 trillion market cap. But a veteran investor told Bloomberg it "smells very much like the dot-com era." The AI boom could end up the same way as the dot-com bubble, a veteran ESG investor warned in a recent Bloomberg interview. And new research indicated that the generative AI market could become a $1.3 trillion industry by 2032. "I think the market has got a little bit over its skis," Penny told Bloomberg.

Persons: Sam Altman, James Penny, –, ChatGPT –, Penny, I'd Organizations: Nvidia, Bloomberg, Companies, TAM Asset Management, Amazon

☆ Education stocks plummeted after Chegg's CEO warned about ChatGPT – but don't write off entire sectors just yet
▼ + stars: | 2023-05-10 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Chegg's stock price crashed last week after the education company's CEO said ChatGPT was impacting customer growth. But investors shouldn't write off entire sectors just yet, according to analysts. Chegg shares plunged 49% on May 2 following Rosensweig's warning – and other major education stocks sold off as well. Don't write off the whole sector just yetIt can be tempting for investors to see disruptive technology like ChatGPT as a threat to entire industries – hence the broad and deep sell-off for education stocks Tuesday. Read more: Chegg crashes 49% after the education company says the rise of ChatGPT among students is impacting customer growth

☆ Snapchat’s new AI chatbot is already raising alarms among teens and parents
▼ + stars: | 2023-04-27 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

The feature is powered by the viral AI chatbot tool ChatGPT – and like ChatGPT, it can offer recommendations, answer questions and converse with users. The net effect is that conversing with Snapchat’s chatbot may feel less transactional than visiting ChatGPT’s website. Snapchat's new AI chatbot. “I snapped a picture … and it said ‘nice shoes’ and asked who the people [were] in the photo,” a Snapchat user wrote on Facebook. One user wrote on Facebook that she’s been asking My AI for homework help.

☆ My editor's note to the newsroom on AI: Let's think of it like a 'bicycle of the mind'
▼ + stars: | 2023-04-13 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +12 min

Ask AI to make suggested edits to your writing to make it more readable and concise. Ask AI to make suggested edits to your writing to make it more readable and concise. Ask AI to summarize old news stories and suggest lessons that can be learned from them. For me, the really exciting thing about using generative AI is that I keep figuring out new ways to use it. Editors: It is already impossible for you to know if work produced by your colleagues was created using AI.

☆ Here's how to invest in the AI craze, according to ChatGPT
▼ + stars: | 2023-02-04 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

"There are several ways to invest in AI," ChatGPT answered. "Purchase shares of private AI companies," it also responded. ChatGPT's charm stems from its natural-language ability, so I asked it:What companies can I invest in for exposure to natural language processing? Microsoft (MSFT): Microsoft has a number of different NLP products, including Microsoft Cognitive Services and the Azure Machine Learning platform. But I asked ChatGPT anyway: Can I invest in ChatGPT?

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