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☆ Jensen Huang is turning Nvidia's chips into the iPhone of the AI world
▼ + stars: | 2024-05-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

It looks like Jensen Huang wants to announce a new Nvidia chip ever year too. As demand for Nvidia's AI chips soars, Huang looks set to put chip release on a "one-year rhythm." AdvertisementJensen Huang knows the world simply can't get enough of his chips. Those eye-watering numbers signal that demand for Nvidia's specialty chips, known as GPUs, will not let up anytime soon. This story is available exclusively to Business Insider subscribers.

Persons: Tim Cook, Jensen Huang, Huang, — Organizations: Apple iPhone, Nvidia, Service, Companies, Google, Business

☆ Things are about to get a lot tougher for Jensen Huang's Nvidia
▼ + stars: | 2024-05-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The 61-year-old Silicon Valley veteran running Nvidia has overseen a $2 trillion surge in its value since the start of last year. Justin Sullivan/Getty ImagesThe hype behind Nvidia's chips is no joke. But competitors have been busy developing AI chips of their own to reduce reliance on Nvidia's increasingly expensive offerings. AMD CEO Lisa Su, who's Huang's cousin, is aiming to pry Nvidia customers away with a chip named the MI300X that costs between $10,000 and $15,000. If they succeed in using Triton, they could be one step closer to a future in which alternatives to Nvidia's chips are easier to use.

Persons: —, Jensen Huang, Sam Altman, Mark Zuckerberg, Matt Bryson, Huang, isn't, Justin Sullivan, Taylor Swift, Nvidia's, Blackwell, Zuckerberg, Lisa Su, who's, Jensen, AMD, CUDA, OpenAI Organizations: Service, Silicon, Nvidia, Microsoft, Apple, Business, GTC, AMD, Google, Meta, Financial Times Locations: San Jose , California, Woodstock

☆ OpenAI's Scarlett Johansson saga reveals an 'ask forgiveness, not permission' problem
▼ + stars: | 2024-05-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI's biggest critics have long held the view that Sam Altman's success has been built on an "ask forgiveness, not permission" strategy that could come back to haunt him. The ChatGPT maker has been embroiled in fresh controversy since Monday after Scarlett Johansson lashed out at the company over a new voice feature for its chatbot. her — Sam Altman (@sama) May 13, 2024OpenAI has responded to the criticism by pulling the Sky voice entirely. AdvertisementThough Johansson and Pichai have not filed lawsuits against OpenAI, the "ask forgiveness, not permission" strategy that critics accuse the company of has already landed it in legal hot water. Creators who suspect their work has been used to train OpenAI without their permission will probably wonder why they weren't offered an agreement in the first place.

Persons: —, Sam Altman's, Scarlett Johansson, Mr Altman, Johansson, ChatGPT, Altman, Theodore, Joaquin Phoenix, Sam Altman, OpenAI, Sundar Pichai, Pichai Organizations: Service, Business, NPR, OpenAI, YouTube, Authors, New York Times, Sony Music, Financial Times, Creators Locations: San Francisco

☆ Elon Musk is walking a fine line in China with Tesla
▼ + stars: | 2024-05-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Elon Musk has a lot going on in China right now. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk has plenty on the line in China right now. China is Tesla's biggest market outside the US, which means dwindling interest has had a clear knock-on effect. This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, It's, —, Elon Organizations: EV, Service, Business Locations: China

☆ Your angry complaints to call centers may soon be soothed by AI
▼ + stars: | 2024-05-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Call center workers might not have to deal with angry customers for too much longer. SoftBank plans on using AI to make angry calls sound less aggressive. The Japanese firm is seeking to turn a customer's voice "into a calm conversational tone" with AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementComplaints to call center workers are about to sound a lot less angry, and they have artificial intelligence to thank.

Persons: —, Masayoshi Organizations: Service, SoftBank Corp, Business

☆ OpenAI wants you to think GPT-4o is your new best friend
▼ + stars: | 2024-05-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewWhether you like it or not, Sam Altman just let you know you're getting an AI best pal. Advertisement"I see you're rocking an OpenAI hoodie, nice choice," ChatGPT told a user in one demo. the AI bot said, before delivering a story about a robot named Bite in dramatic, singing, and robotic voices, depending on the request from the user. This is where AI labs are leading us: to a near future of AI as coworker, friend, and ubiquitous presence," Mollick wrote on Substack. AdvertisementIt's something its rivals will pay close attention to, with the possibility of a new battle emerging between companies trying to release the most human, friendly AI bot they can.

Persons: —, Sam Altman, Mira Murati, Altman, Scarlett Johansson, Spike Jonze's, ChatGPT, Barrett —, he'd, Joaquin Phoenix's, Samantha, Ethan Mollick, Mollick, OpenAI, Mustafa Suleyman, Siri Organizations: Service, Business, Wharton University, Microsoft, Apple

☆ Looks like Masayoshi Son's plan to go all in on AI is starting to pay off for SoftBank
▼ + stars: | 2024-05-13 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The Japanese billionaire's conglomerate posted a $1.5 billion profit for its latest quarter. The gains come off the back of its big bet on chip firm ARM, which is targeting AI opportunities. Arm Holdings CEO Rene Haas is seeking to capitalize on the AI boom. But as the appetite for ARM's AI activities show, SoftBank has room to grow in the face of the latest boom. If he's able to find the right bets, AI could pay off handsomely in the long term.

Persons: Masayoshi, —, It's, SoftBank, Rene Haas, Michael M, Yoshimitsu Goto, Son, WeWork, AI's Organizations: ARM, Service, Son, Nasdaq, Apple, Arm, Funds, Nvidia Locations: Tokyo, Cambridge, London, Alibaba

☆ Elon Musk really wants you to think Tesla still has a Supercharger plan
▼ + stars: | 2024-05-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Despite firing Tesla's Supercharger team last week, the CEO committed to the network on Friday. "Tesla will spend well over $500m expanding our Supercharger network," Musk wrote on X. AdvertisementApparently, Elon Musk really is still game for Superchargers. "Just to reiterate: Tesla will spend well over $500m expanding our Supercharger network to create thousands of NEW chargers this year," Musk wrote. — Elon Musk (@elonmusk) May 10, 2024You may recall that just a week ago, Musk suddenly decided to fire nearly all the 500 employees on Telsa's Supercharger team.

Persons: Elon, Tesla, Musk, —, Elon Musk, That’s, — Elon, Ross Gerber, He'll Organizations: Service, Superchargers, Rivals, Ford, GM

☆ Baidu's PR boss, who threatened to destroy workers' careers, has reportedly left the company
▼ + stars: | 2024-05-09 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Qu Jing, executive at the Chinese firm, posted several videos online encouraging extreme work. In one video, she claimed she could destroy the careers of employees who failed to comply. In one video, reported by the FT, the Baidu PR executive said she expected employees to be prepared to travel for 50 consecutive days of business with her. In a post on WeChat, Baidu PR lead Qu acknowledged the criticism leveled at her, writing: "I deeply reflect on and humbly accept them." The system expected workers to put in toil from 9 a.m. to 9 p.m., six days a week.

Persons: Qu Jing, —, Qu, Jack Ma —, Elon Musk Organizations: Service, Baidu, FT, Weibo, Twitter, Economic, CNN Locations: Beijing, China

☆ Shopify warns on margins and posts big quarterly loss, sending shares plunging premarket
▼ + stars: | 2024-05-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Shopify stunned investors after reporting a surprise loss for the first three months of the year. The e-commerce platform posted a $273 million loss for the first quarter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementShopify shares plunged almost 20% in premarket trading after the e-commerce giant sunk into the red for the first three months of the year.

Persons: Shopify, —, Harvey Finkelstein Organizations: Service, Shopify

☆ iPhone price cuts might have saved Apple from an even bigger China crisis
▼ + stars: | 2024-05-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Tim Cook might have helped Apple avert a wider crisis in China. iPhone sales rose 12% in China in March after months of decline. AdvertisementIt looks like Tim Cook can breathe a small sigh of relief about Apple's prospects in China — for now. After months of freefallling iPhone sales there, signs are emerging of a rebound in what is arguably Apple's most important international market. Official government data, first reported by Bloomberg, suggests iPhone sales rose 12% in China in March, with overall shipments of non-Chinese smartphones jumping to 3.75 million units.

Persons: Tim Cook, Apple, — Organizations: Apple, Service, Bloomberg, Business Locations: China

☆ OpenAI destroyed a trove of books used to train AI models. The employees who collected the data are gone.
▼ + stars: | 2024-05-07 | by ( Darius Rafieyan | Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Lawyers for the Authors Guild said in court filings that the datasets likely contained "more than 100,000 published books" and are central to its allegations that OpenAI used copyrighted materials to train AI models. OpenAI and other companies used data from the internet, including many books, to build these models. The startup has since identified the employees to lawyers for the Authors Guild but has not publicly disclosed their names. The Authors Guild has opposed this, arguing for the public's right to know. Advertisement"The models powering ChatGPT and our API today were not developed using these datasets," OpenAI said in a statement on Tuesday.

Persons: OpenAI, King James Organizations: Service, OpenAI, Business, Tech, Guild

☆ Zuckerberg warned investors that Meta's AI investment will take 'several years' before it pays off. Meta's stock price tumbled.
▼ + stars: | 2024-04-24 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Meta's stock tumbled about 16% after trading hours despite posting better-than-expected Q1 results. AdvertisementDespite posting record revenue for the January-March quarter, Meta's stock is being bogged down on Wednesday by the company's increasing investments in AI. Meta's investment in AI is no different, Zuckerberg said, but the CEO cautioned that the returns for artificial intelligence will take some time. AdvertisementIn the lead up to the first-quarter results, Meta launched its latest version of its chatbot, Llama 3, which will power the company's new AI assistant, Meta AI. Zuckerberg said that the AI assistant will be integrated into many of Meta's products, including Instagram and Facebook.

Persons: Mark Zuckerberg, —, Meta, that's, Zuckerberg, we've, Insider's Hasan Chowdhury Organizations: Service, Meta, Facebook

☆ Now's the time for Elon Musk to reveal his Tesla rescue plan — if he has one
▼ + stars: | 2024-04-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

We're about to find out if Elon Musk has a plan to save Tesla. The EV maker is expected to report a 40% profit drop on Tuesday after a bruising year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf Elon Musk has a secret rescue plan for Tesla hidden away, now would be a great time to show it to the world. Musk's own fortune has suffered a $61 billion drop too, though he's still the world's fourth-richest person.

Persons: Elon Musk, Tesla, —, he's Organizations: Service, Tesla

☆ Zuck's new AI drop is cool and all, but he's still playing catch-up with Sam Altman
▼ + stars: | 2024-04-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg just dropped Meta's new AI models. Bt what Llama 3 does not do is beat OpenAI's GPT-4. AdvertisementPerhaps the most important detail was that Meta's open-source models will soon be on par with their closed-source counterparts. For open-source AI developers, that'll be a huge deal. The AI models they were working on looked pretty rudimentary as recently as last year as they struggled to complete sentences without repeating themselves.

Persons: Mark Zuckerberg, OpenAI's GPT, —, Meta, Nick Clegg, Claude, OpenAI's, that'll, Sharon Zhou, Sam Altman's, Sam Altman, Justin Sullivan, Google's, That's, Jim Fan, Altman, Zuckerberg, Gary Marcus Organizations: Service, Financial, Google, GPT, Nvidia, Facebook, New York University

☆ Huawei just gave Tim Cook a new headache in China
▼ + stars: | 2024-04-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

AdvertisementTim Cook would like you to think everything is going swimmingly for Apple in China. It's already won over some consumers since launching the Mate 60 Pro series last year. The Huawei Mate 60 rivals the latest iPhone. They expect another decline in iPhone sales in the region in Apple's quarterly earnings on May 2. Cook might be putting on a brave face, but iPhone sales in China may keep sliding if Huawei has its way.

Persons: —, Tim Cook, Cook, there's, It's, They're, Wang Gang, Ivan Lam, Apple Organizations: Apple, Huawei, Service, Bund, Counterpoint Research, Publishing, Washington, Reuters Locations: China, Shanghai's Jing'an, Cook, iPhones, Greater China

☆ Satya Nadella just tried to show everyone who's boss in AI, again
▼ + stars: | 2024-04-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Satya Nadella is hoping to prove he's the shrewdest dealmaker in AI. Microsoft just put $1.5 billion in UAE firm G42 while getting it to divest its China ties. G42 has been linked to a chip venture led by Microsoft's other main AI bet, OpenAI. Last month, Nadella pulled off a big coup by hiring Mustafa Suleyman, a DeepMind cofounder and Inflection AI CEO, and several of his software engineers to head up a new AI division at Microsoft. InflectionThe move involved a $650 million payment to Inflection AI that would also allow Microsoft to license Inflection's AI models.

Persons: Satya Nadella, —, Redmond, Peng Xiao, hasn't, Sam Altman, Nadella, Brad Smith, who's, …, Altman, Mustafa Suleyman, Mistral Organizations: Microsoft, Service, OpenAI, Huawei Locations: UAE, China, Abu Dhabi, DarkMatter, Beijing, @G42ai, OpenAI, Paris

☆ Trying to win the AI war is going to be expensive. Really, really expensive.
▼ + stars: | 2024-04-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The AI war is going to be really, really, really expensive. Simply put, the more chips you have, the more computing power available to train AI models on greater volumes of data. Justin Sullivan/Getty ImagesThe general business of training models is getting more expensive, too. AdvertisementStanford University's annual AI index report, published this week, notes that the "training costs of state-of-the-art AI models have reached unprecedented levels." The original technology behind AI models cost about $900 to train in 2017.

Persons: Demis Hassabis, —, Demis, Hassabis, they're, Jensen Huang, Justin Sullivan, Google's Organizations: Google, Service, TED, Microsoft, Nvidia, Stanford Locations: Vancouver

☆ Apple believes that AI is the future
▼ + stars: | 2024-04-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Apple wanted all eyes to be on the Vision Pro when it launched. A report about AI chips coming to next-gen Macs helped boost Apple's stock by $112 billion. AdvertisementTwo months ago, Tim Cook was busy marking Apple's bold new vision of the future with the launch of expensive nerd goggles. Second, the future of the Vision Pro remains highly uncertain. Just don't expect the Vision Pro to steal the show in the same way a big AI reveal would.

Persons: —, Tim Cook, Bloomberg's Mark Gurman, Apple, Peter Kafka Organizations: Apple, Service, International Data Corporation, Publishing, Getty, Huawei, Apple's, Vision Locations: Cupertino, Shanghai, China

☆ Sam Altman's plans for AI's next act keep getting more complex
▼ + stars: | 2024-04-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Sam Altman's plans for the next act of AI are getting more complex. The OpenAI CEO hopes to solve AI's chip shortage, energy demands and data needs. AdvertisementSam Altman's plans to bring the artificial intelligence industry into a new era are getting more complex by the day. That eye-watering sum gave a small insight into Altman's plans. Taken together, then, it looks like Altman is trying to mastermind a strategy to develop next-generation AI that involves the energy, chips and data sectors.

Persons: Sam Altman's, —, it's, Altman, Altman's, he's Organizations: Bloomberg, Service, United Arab Emirates, Energy Locations: Gulf, Davos, UAE, Washington

☆ Silicon Valley still has no idea what might kill the smartphone
▼ + stars: | 2024-04-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Humane, a startup founded in 2018, released an AI pin that aims to offer an alternative. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSilicon Valley is having a hard time figuring out what a post-smartphone future might look like. This story is available exclusively to Business Insider subscribers.

Persons: —, Steve Jobs Organizations: Service, Counterpoint Research, Business

☆ This Chinese company may be emulating Elon Musk's Tesla playbook
▼ + stars: | 2024-04-09 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewAt the start of the year, Elon Musk issued a clear warning about who he thought posed the biggest challenge to Tesla's electric vehicle ambitions: Chinese EV makers. Kyle Chan, a postdoctoral research associate at Princeton, recently drew attention to how Xiaomi's EVs have been made with machines similar to the "giga press" machines Tesla uses in its die-casting process. AdvertisementWhen Tesla entered China, it helped Chinese firm LK Group develop the world’s largest casting machines to make Tesla parts. Later, LK sold similar casting machines to 6 Chinese firms, likely automakers. However, LK's die-casting expertise was no longer limited to Tesla after 2022, as the company was reported to have struck deals with six other Chinese companies to supply casting machines to them.

Persons: —, Elon Musk, Tesla, Musk's, Lei Jun, Xiaomi, Kyle Chan, Chan, LK, pWQsy2KC7d — Kyle Chan, Liu Siong, Tesla's, LK's, there's Organizations: Service, Business, EV, Xiaomi, Princeton, Group, New York Times, Tesla, LK Group, giga Locations: Beijing, China

☆ Apple layoffs are a sign Tim Cook is getting a little more serious
▼ + stars: | 2024-04-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Things are getting a bit more serious this year over at Apple. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThings have been getting a little more serious over in Cupertino this year for Tim Cook. The latest sign of the mood change came Thursday after it emerged that Apple had laid off over 600 employees in California. That's especially so when considering that Apple had about 161,000 full-time employees at the end of its last fiscal year.

Persons: —, Tim Cook Organizations: Apple, Service, California Employment Development Department, Bloomberg, Apple's Big Tech Locations: Cupertino, California

☆ It looks like it could be the end of the AI hype cycle
▼ + stars: | 2024-04-03 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSome AI leaders are starting to ask themselves the question: should we be buying the hype? Almost a year and a half on from the launch of ChatGPT, the hype around the technology is seemingly everywhere. AI image generator Stability AI also lost its chief, Emad Mostaque, amid reports of financial pressure. Others though, like Google deep learning expert François Chollet, are keen to stress just how far off human intelligence today's AI models actually are. Until some real signs of money-making, human-level intelligence do emerge, expect more to call it all hype.

Persons: —, Bill Gates, Elon Musk, it's, Gary Marcus, Sam Altman, Marcus, GmjUDKhc6k — Gary Marcus, @GaryMarcus, Mustafa Suleyman, Emad Mostaque, Eric Schmidt, Demis Hassabis, Musk, François Organizations: Service, Business, Google, Invest, Investors, New York University, Nvidia, NVidia, Blackwell, Microsoft, Financial Locations: OpenAI, Sequoia

☆ Meet Sharon Zhou, the AI founder doing just fine without Nvidia's chips
▼ + stars: | 2024-04-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

The Santa Clara giant's chips, known as GPUs, became the hottest property of the generative AI boom. In April last year, Zhou and her cofounder Greg Diamos, based in Palo Alto, brought their new startup, Lamini AI, out of stealth. It makes using AI models with GPUs like the H100 and Nvidia's new Blackwell chip, as simple as a plug-and-play system. Fortunately for them, after consulting with Diamos, according to Zhou, AMD was on its way to building a rival system that they would eventually test. it's indiscernible to customers to run Lamini on Nvidia and AMD GPUs," she explained.

Persons: —, giant's, Mark Zuckerberg, Sam Altman, hasn't, Jensen Huang, Sharon Zhou, Andrew Ng, Zhou, Greg Diamos, Lisa Su Organizations: Service, Nvidia, Business, Harvard, Stanford, Anthropic, Amazon, AMD Locations: Santa, Palo Alto, OpenAI

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