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☆ Amazon's CEO is even more bullish on the AI opportunity
▼ + stars: | 2024-10-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon's AI services are rapidly growing, with significant demand for AWS's AI chips. AdvertisementJust when you thought Big Tech executives couldn't get more bullish on AI, Amazon CEO Andy Jassy upped the ante on Thursday. Amazon has launched a number of new AI services in recent years, including Bedrock, an AI development tool, the Rufus shopping agent, and homegrown AI chips called Inferentia and Trainium. Amazon's AI business is "growing three times faster at its stage of evolution than AWS did itself," he added. AdvertisementCustomers are realizing that AI model training and inference "could get costly" and AWS's AI chips can be "very compelling" in terms of its price, the CEO explained.

Persons: Jassy, —, couldn't, Andy Jassy, We've, unravels ChatGPT, Rufus Organizations: Service, Big Tech, Amazon, Services Locations: capex

☆ Super Micro's $50 billion stock collapse underscores risk of AI hype
▼ + stars: | 2024-10-31 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

Super Micro is one of the primary vendors for building out Nvidia-based clusters of servers for training and deploying AI models. Super Micro is now at risk of being delisted from the Nasdaq, and has until Nov. 16 to regain compliance with the stock exchange. Ernst & Young was new to the job, having just replaced Deloitte & Touche as Super Micro's accounting firm in March 2023. Since the S&P's announced index changes in March, Super Micro's stock has dropped at least 10% on six separate occasions. — CNBC's Rohan Goswami and Kif Leswing contributed to this report WATCH: Super Micro stock is a 'very risky buy'

Persons: Ernst & Young, Deloitte didn't, hasn't, P's, Dow Jones, Kevin Barry, Barry, —, Rohan Goswami, Kif Leswing Organizations: Computer Inc, Bloomberg, Getty, Micro, Nvidia, Ernst, Nasdaq, Mizuho, Deloitte, Touche, CNBC, Ernst & Young, Dell, SEC, Super, Hindenburg Research, Super Micro, U.S, U.S . Super, Whirlpool, P Global Locations: San Jose , California, U.S, That's, U.S .

☆ This 5-year-old kid who dressed up as Jensen Huang for a festival in Taipei has already won Halloween
▼ + stars: | 2024-10-31 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

A 5-year-old Taiwanese boy dressed up as Nvidia's Jensen Huang for Halloween. "He just knows that he is dressed as a very remarkable person," the boy's mom told BI. At least, that's the case for the 5-year-old boy from Taipei who dressed up as Nvidia's Jensen Huang for the holiday. "The Jensen Huang Halloween costumes are here," the user wrote. The Jensen Huang Halloween costumes are here pic.twitter.com/JQavitfhKf — Evan (@StockMKTNewz) October 29, 2024The GPU costume took a week to make, said Kuo.

Persons: Nvidia's Jensen Huang, —, Jensen, Kuo Yuyun, JQavitfhKf — Evan, Kuo, Huang Organizations: Service, Nvidia Locations: Taipei, Taiwan, New York City

☆ AMD still has a gap to close with Nvidia's AI chips
▼ + stars: | 2024-10-30 | by ( Helen Li | ) www.businessinsider.com time to read: +4 min

AMD aims to close the gap with Nvidia, which holds 80% of the GPU market. AMD still has a large gap with Nvidia, as it lags behind in GPUs or graphics processing units. Su responded that AMD's road map "actually closed a good part of that gap" with Nvidia's products and that AMD holds an advantage in data center retrofitting. Advertisement"As much as we still believe NVDA will be hard to shake from its 80-85% AI share, AMD still has done an enviable job from virtually zero to ~5% market share," Arya wrote in a note released on Wednesday. Even if this share remains unchanged, the underlying AI growth will still provide AMD "the chance to participate," he added.

Persons: —, Lisa Su, MI350, Blackwell, Vivek Arya, Su, Piper Sandler, Harsh Kumar, We've, Arya, Morgan Stanley Organizations: AMD, Nvidia, Service, Devices, Wall Street, Bank of America Securities, Analysts, Microsoft, Meta, Google

☆ Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
▼ + stars: | 2024-10-30 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a bit surprised. In a call with analysts on Wednesday after Meta's third-quarter earnings report, Zuckerberg explained to investors how Meta's rising costs for the year are tied to the speed at which employees are able to get data centers, servers and chips for AI up and running. Meta raised the low end of its capital expenditures guidance for 2024 to $38 billion from $37 billion. "That execution makes me somewhat more optimistic that we're going to be able to keep on building this out at a good pace."

Persons: Mark Zuckerberg, Meta, Zuckerberg, we've Organizations: Meta, Inc Locations: Menlo Park , California

☆ We reiterate our 1 rating on Microsoft despite its softer guidance — here's why
▼ + stars: | 2024-10-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Nearly 70% of the Fortune 500 is using Microsoft 365 Copilot and the company is seeing faster customer adoption than any other new Microsoft 365 Suite. MSFT YTD mountain Microsoft YTD Despite these positive trends and innovations, revenue guidance for next quarter fell a touch short of expectations. Microsoft 365 Commercial cloud revenue growth increased 16% year over year with seat growth up 8%. Microsoft 365 Consumer cloud revenue growth increased 7% year over year with subscribers increasing to 84.4 million from 82.4 million one quarter ago. Revenue growth ticked down sequentially to 33% annual growth, or 34% on a constant currency basis.

Persons: Nvidia's Blackwell, That's, —, Jim Cramer's, Jim Cramer, Jim, Microsoft Corporation Satya Nadella, Chalinee Thirasupa Organizations: Microsoft, Revenue, Fortune, Productivity, Dynamics, CNBC, Activision, Windows, Gaming, Microsoft Corporation Locations: OpenAI, Bangkok, Thailand

☆ AMD CEO Lisa Su says GPU and CPU sales are nearly equal. Wall Street thinks that's not enough.
▼ + stars: | 2024-10-30 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

AMD's GPU sales are nearing CPU sales, driven by AI data center demand. AMD raised its 2024 GPU sales forecast to over $5 billion, up from $4.5 billion. AdvertisementWhat could also keep this dynamic from becoming permanent is the immaturity of the ecosystem around AMD GPUs. UBS analysts warned that 2025 may be yet another transition year in which AI data centers and GPU sales don't reach maturity — predicting higher GPU sales in 2026 than in 2025. The analysts expect $5 billion in GPU sales this year to reach around $8 billion next year.

Persons: —, Lisa Su, Su, Morgan Stanley Organizations: AMD, Service, Bank of America, Nvidia, UBS

☆ Meta set to report Q3 earnings after the bell
▼ + stars: | 2024-10-30 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. Meta is slated to report third-quarter earnings on Wednesday after the close of regular trading. Meta's results come a day after digital ad companies Alphabet , Reddit and Snap all reported solid quarterly earnings. Microsoft reports after the bell on Wednesday, and the big week for tech earnings wraps up on Thursday, when Apple and Amazon report quarterly financials. If Meta hits analysts' expectations for third-quarter revenue, that would represent 18% year-over-year growth, down from 23% a year ago.

Persons: Mark Zuckerberg, LSEG, Jeff Bezos, Zuckerberg, Bernstein, Meta Organizations: Meta, Inc, Amazon, Bloomberg, Microsoft, Apple Locations: Menlo Park , California, China

☆ AI boom thrusts Europe between power-hungry data centers and environmental goals
▼ + stars: | 2024-10-29 | by ( April Roach | ) www.cnbc.com time to read: +6 min

Major equipment suppliers in Europe say that U.S. chip designers are calling on them to lower their water temperatures to accommodate the hotter AI chips, according to Herbert Radlinger, managing director at NDC-GARBE. Energy efficiency is high on the European Commission's agenda, as it seeks to reach its goal of reducing energy consumption by 11.7% by 2030. The EU predicted in 2018 that energy consumption of data centers could rise 28% by 2030, but the advent of AI is expected to boost that number two or threefold in some countries. Many of the recent discussions have focused on different ways to source "prime power" for AI data centers and for the potential for more collaboration with utilities, said Steven Carlini, chief advocate of AI and data centers and vice president at Schneider Electric. Liquid cooling will require a "reconfiguration," Gunen explained, adding that new data centers are already coming ready with this technology.

Persons: Goldman Sachs, Andrey Korolenko, Nvidia's Blackwell, we've, Winterson, CNBC Michael Winterson, Michael Winterson, Herbert Radlinger, Steven Carlini, Carlini, Schneider, Meta, Gunen, Equinix Organizations: Luza, CNBC, European Data Center Association, NDC, EU, Energy, Directive, Schneider, Schneider Electric, European, Nvidia, Blackwell Locations: Europe, Brussels, Equinix

☆ Over 90% of AWS's biggest data center customers are now using its homegrown Graviton chips, executive says
▼ + stars: | 2024-10-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

AWS's Graviton CPU chips are used by over 90% of its 1,000 largest data center customers. AWS's custom silicon strategy includes AI chips like Inferentia and Trainium. AdvertisementIn 2018, Amazon Web Services launched Graviton, its own line of homegrown central processing unit chips for data center servers. Big enterprises, such as Epic Games, Databricks, and Pinterest, are all major Graviton customers, he said. "We will absolutely continue to drive innovation in custom silicon as we have been doing for the past 10-plus years."

Persons: —, Rahul Kulkarni, Kulkarni, Graviton, James Hamilton, Bernstein, AWS's Kulkarni, Jassy Organizations: Service, Amazon Web Services, Intel, AMD, Epic, Annapurna Labs, Bernstein Research, AWS Locations: Israel

☆ Trump accuses Taiwan of stealing U.S. chip industry. Here's what the election could bring
▼ + stars: | 2024-10-28 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

Former President Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on "The Joe Rogan Experience" podcast and accused Taiwan of stealing America's chip industry. Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Shares of Taiwan Semiconductor closed down 4.3% on Monday. The U.S. Commerce Department funds have yet to be allocated to Taiwan Semiconductor or other major semiconductor firms. "We put up billions of dollars for rich companies to come in and borrow the money and build chip companies here.

Persons: Donald Trump, Joe Rogan, Trump, Bernstein, Stacy Rasgon, Rasgon, CC Wei, shouldn't, They're, he'll, Patrick Moorhead, Kamala Harris, it's, Biden Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, Taiwan Semiconductor, Amazon, Google, Microsoft, UBS, Intel, Samsung, U.S, CNBC, U.S . Commerce Department, CC, Funds, Mizuho, Trump, Analysts, Citi, VanEck Semiconductor, Global, Texas, China, Micron Locations: Taiwan, U.S, China, Arizona

☆ How I turned ChatGPT into my tour guide in Italy
▼ + stars: | 2024-10-26 | by ( Salvador Rodriguez | ) www.cnbc.com time to read: +3 min

Traveling through Italy, I used ChatGPT as a tour guide for the moments where my mom and I wandered into interesting little corners, alleys and buildings where our curiosity was piqued with no tour guide around. As I stood with my mom under the blistering sun in Rome waiting for our audio tour of the Pantheon to begin, I decided to kill some time with ChatGPT. "Pretend you're a tour guide and tell that to me in a more interesting fashion," I wrote. But my favorite ChatGPT use case so far has been as a tour guide in Italy. Elsewhere on our trip, ChatGPT told us that the central figure of the Trevi Fountain was Neptune riding a chariot pulled by sea horses, and explained why Rome's Stadio Olimpico still maintained a monument for Benito Mussolini.

Persons: ChatGPT, OpenAI's ChatGPT, I've, it's, Trevi, Benito Mussolini, Maximilian I, Napoleon III Organizations: Stadio Olimpico Locations: Italy, Rome, Austrian, Lombardy, Venetia, Milan, Mexico

☆ Expect Nvidia to maintain its 80-85% market share, says BofA's Vivek Arya
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect Nvidia to maintain its 80-85% market share, says BofA's Vivek AryaVivek Arya, Bank of America senior semiconductor analyst, joins 'Squawk Box' to discuss Nvidia's bull run, state of the chip sector, demand for Nvidia's Blackwell AI chip, and more.

Persons: BofA's Vivek Arya Vivek Arya, Nvidia's Organizations: Bank of America, Nvidia's Blackwell

☆ Cramer’s week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and Amazon
▼ + stars: | 2024-10-25 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +4 min

With massive corporations including Alphabet , Meta , Apple , Microsoft and Amazon set to report earnings next week, CNBC's Jim Cramer on Friday urged investors to keep a level head. "Just please remember, the first move's been the wrong move almost half the time since this earnings season began. Monday starts off the week with earnings from Ford . Tuesday brings McDonald's earnings report, and Cramer said to expect "a full airing of the e-coli situation," but that it is too early to tell how much damage it will do to the fast food chain. The monster week for earnings will continue into Thursday, as both Apple and Amazon will report after the bell.

Persons: CNBC's Jim Cramer, Cramer, Chipotle, Brian Niccol's, Eli Lilly, Meta, Chevron's, Hess, Exxon doesn't Organizations: Apple, Microsoft, Federal Reserve, Ford, Disease Control, Prevention, Royal, PayPal, Caterpillar, Meta, Merck, Bristol, Oil titans Chevron, Exxon, Chevron Locations: Gulf of Mexico, Myers

☆ Parker Leads Nvidia's Sustainability Efforts With AI and Renewable Energy
▼ + stars: | 2024-10-24 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: 1 min

Parker manages Nvidia's internal sustainability efforts by measuring and managing its water use and its conversion to renewable energy sources. He also evangelizes the potential for AI tools and data science to improve sustainability outside the company. Before joining Nvidia in 2023, Parker worked as a lawyer specializing in ethics and compliance in-house for the data storage company Western Digital and for a tech-focused law firm. He studied electrical engineering before law school at New York University School of Law. See Business Insider's full AI Power List

Persons: Parker Organizations: Nvidia, Western Digital, New York University School of Law

☆ Anandkumar Transitions From Nvidia to CalTech to Advance AI Climate Research
▼ + stars: | 2024-10-24 | by ( Helen Li | ) www.businessinsider.com time to read: 1 min

Anandkumar, a former senior director of Nvidia's AI research, left the private sector last year to return full time to academia at CalTech, where she serves as a Bren professor in the computing and mathematical sciences department. Her lab focuses on tensors, which can help solve higher-order problems in AI, such as simulating fluids. She helped build an AI-based weather model and made it available as open source. She hopes that by figuring out how AI can better simulate the physical world, researchers can more accurately predict and alleviate the climate crisis. See Business Insider's full AI Power List

Organizations: CalTech

☆ Nvidia CEO Jensen Huang says AI will do parts of some jobs 1,000 times better — but it won't completely replace people
▼ + stars: | 2024-10-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Jensen Huang says AI can enhance jobs — but won't replace humans entirely. AI could perform parts of some jobs up to 1,000 times better but not replace entire roles, he said. AdvertisementNvidia CEO Jensen Huang anticipates AI will do parts of some jobs 1,000 times better — but it will never replace the actual humans doing those roles. "Depending on the jobs we do, it could do 20% of our jobs 1000 times better. He previously said that he wanted Nvidia to be a company with "100 million AI assistants."

Persons: Jensen Huang, —, Huang, Kweilin, Goldman Sachs Organizations: Nvidia, Service, McKinsey Locations: Mumbai, India

Amid the flurry of partnerships announced on the occasion was a deal between Reliance and Nvidia to build AI infrastructure in India. Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world's biggest technology markets. Nvidia also announced Nemotron-4-Mini-Hindi 4B — a small language model in Hindi, the widest-spoken of India's multitude of languages. Companies running Nvidia hardware can deploy this language model, while Indian IT consultancy Tech Mahindra is using Nvidia's model to launch its own Hindi AI model, Project Indus 2.0. "India is very, very dear to the world's computer industry, central to the IT industry," Huang said.

Persons: Huang, Jensen Huang, Akshay Kumar, Mukesh Ambani, Narendra Modi, Modi, Neil Shah, Shah Organizations: Reliance, Nvidia, Yotta, Tata Communications, Reliance Industries, Companies, Indian, Tech Mahindra, Infosys, Wipro, TCS, Reliance Jio, Ambani's Reliance Industries, Counterpoint Research, CNBC Locations: India, Mumbai, American

☆ Jensen Huang says a design flaw with Nvidia's Blackwell chips has been fixed — with TSMC's help
▼ + stars: | 2024-10-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Nvidia's much-anticipated Blackwell AI chip appears to be back on track. CEO Jensen Huang said Nvidia had fixed a design flaw with the chip with the help of Taiwanese tech firm TSMC, per Reuters. AdvertisementNvidia seems to have fixed a design flaw in its next-gen AI chip, thanks to a little help from TSMC. "We had a design flaw in Blackwell. It was functional, but the design flaw caused the yield to be low.

Persons: Blackwell, Jensen Huang, —, Morgan Stanley, Huang, Goldman Sachs Organizations: Nvidia, Meta, Google, Service, Reuters, Blackwell, TSMC Locations: TSMC

☆ Nvidia's Marc Spieler Transforms Energy Sectors With Cutting-Edge AI
▼ + stars: | 2024-10-24 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: 1 min

Spieler, one of Business Insider's 2024 AI Power List picks, is Nvidia's main envoy in the energy industry, including oil and gas, renewables, power generation, and utilities. He works with industry leaders to leverage Nvidia's AI tools to help improve efficiency, reduce carbon emissions, and make power grids more resilient. He recently worked with the energy giant Shell to create a model to screen for carbon-capture sites. Spieler joined Nvidia in 2019 after nearly 14 years at Halliburton, where he most recently worked on acquisitions. See Business Insider's full AI Power List

Persons: Spieler, Halliburton Organizations: Nvidia, Halliburton, Silicon Graphics, Hewlett Packard Enterprise

☆ Earnings season is getting chaotic — plus, Jim Cramer sees a great opportunity in Disney
▼ + stars: | 2024-10-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Investors also are grappling with the beginning of a "chaotic" period in earnings season, Jim Cramer said. "I think this is a great opportunity to buy the stock of Disney," Jim said, highlighting improvements to its ESPN and movie business despite theme-park weakness. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Danaher, Jim, Jensen, Huang, buildouts, Morgan Stanley, James Gorman, Bob Iger, Stocks, Jim Cramer's Organizations: CNBC, Treasury, Nvidia, Disney, ESPN, GE Aerospace, RTX Corp, General Motors, Verizon Communications Locations: Mumbai, India

☆ Wall Street keeps raising price targets for sky-high Nvidia stock. Here's why analysts are still so bullish.
▼ + stars: | 2024-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. AdvertisementNvidia stock is trading at record highs, but that's not deterring top Wall Street analysts from being bullish. Goldman Sachs, $150 price targetGoldman analysts raised their price target to $150 from $135 a share, implying 6% upside from the stock's current levels. AdvertisementStrategists said they changed their price target after a meeting with Huang. Bernstein, $155 price targetBernstein raised its price target to $155 a share shortly after the chipmaker reported its second-quarter earnings in August.

Persons: Blackwell, Goldman Sachs, —, Jensen Huang, Goldman, Huang, CFRA, Angelo Zino, NVDA, Zino, Bernstein, Rasgon Organizations: Nvidia, Bank of America, Service, Wall, Bank, Blackwell, Accenture, Microsoft, ServiceNow, Foundry, CNBC Locations: bullish, CY23, Blackwell

☆ Top Wall Street analysts like these stocks for their growth prospects
▼ + stars: | 2024-10-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Also, the analyst is confident about his Q4 revenue growth estimate of 12%, given "healthy closure rates and further pipeline building into a seasonally strong 4Q24." The company has been seeing stellar revenue growth rates, driven by robust demand for its advanced GPUs (graphics processing units) in building artificial intelligence models and applications. The analyst thinks that Blackwell's launch and ramp-up are not just near- and medium-term revenue growth drivers, but also key factors that will enhance Nvidia's competitive advantage.

Persons: Cowen, Shaul Eyal, Eyal, TipRanks, Gregg Moskowitz, Microsoft's GitHub, Moskowitz, Goldman Sachs, Toshiya Hari, Hari Organizations: Wall Street, Lacework, Mizuho, Nvidia, Dell, Hewlett Packard Enterprise Locations: billings

☆ Nvidia, Google, Microsoft and more head to Las Vegas to tout health-care AI tools
▼ + stars: | 2024-10-19 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Costfoto | Nurphoto | Getty ImagesNvidia , Google , Microsoft and dozens of other tech companies are descending on Las Vegas next week to showcase artificial intelligence tools they say will save doctors and nurses valuable time. Based on the speaking agenda and announcements leading up to the conference, AI tools to conquer administrative burdens will be the star of this year's show. Tech companies, eager to carve out a piece of a market that could top $6.8 trillion in spending by the decade's end, argue that their generative AI tools can help. Josh Edelson | AFP | Getty ImagesGoogle, for instance, said it's working to expand its health-care customer base by tackling administrative burden with AI. Vertex AI Search for Healthcare allows developers to build tools to help doctors quickly search for information across disparate medical records, Google said.

Persons: Alex Schiffhauer, Josh Edelson, Satya Nadella, Dimas Ardian, DAX Copilot, that's, Shiv Rao, Abridge Organizations: Nurphoto, Getty, Nvidia, Google, Microsoft, Las, CNBC, Mercer, Tech, AFP, Healthcare, Google's, Bloomberg Locations: Hangzhou, China, Las Vegas, Mountain View , California, Jakarta, Indonesia

☆ Don't 'demean' Tesla's bots, even if they were piloted by humans, Nvidia robotics boss says
▼ + stars: | 2024-10-18 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Tesla's Optimus robots faced skepticism for being remotely controlled by humans at a recent event. AdvertisementTesla's Optimus robots received more skepticism last week when multiple reports confirmed that the humanoid robots working the company's "We Robot" event were remotely controlled by engineers. Optimus robots reportedly danced, poured drinks, and interacted with attendees. Both Musk and Nvidia CEO Jensen Huang, are focused on humanoid robots as increasingly advanced machine learning offers an unlocking technology for robotics. Musk has claimed that two Optimus robots are performing tasks autonomously on Tesla's factory floor.

Persons: Lebaredian, —, Optimus, Jensen Huang, Musk, Huang, Tesla, xAI's Organizations: Optimus, Service, Nvidia, Oracle

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