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☆ Nvidia will be the 'grand marshal' of the A.I. bubble 'parade,' says Josh Brown
▼ + stars: | 2023-03-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

A scarcity of artificial intelligence plays is causing an AI bubble, with Nvidia leading the charge, said Ritholtz Wealth Management CEO Josh Brown on Tuesday. Shares of Nvidia are up nearly 80% so far this year as investors hop into the AI theme. "Nvidia is going to be the grand marshal of that parade, twirling the baton down Main Street," Brown said on CNBC's " Halftime Report ." It's merely stage one," Brown wrote in a February blog post . For those who want to be in AI, Nvidia is the biggest way to do it, Brown said.

Nvidia also detailed a set of cloud services that make it easier for companies to build bespoke AI models for their respective businesses. The huge gains have prompted a debate on Wall Street about whether Nvidia bulls are overhyping the company's AI opportunity. Nvidia also detailed a set of services, known as Nvidia AI Foundations , which will be available through DGX Cloud. These provide companies with the tools needed to customize AI models. Secondly, Nvidia's software expansion makes its AI leadership directly applicable to more industries because its best-in-class technology will be easier to access.

☆ Nvidia's 'dominant A.I. leadership' is clear after GTC developer conference, Wall Street analysts say
▼ + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

If there's one takeaway from Nvidia 's developer conference, it's the computing firm's dominant leadership in artificial intelligence, according to Wall Street analysts. Investors piled into Nvidia shares this year as they sought ways to play the growing AI trend. NVDA 1Y mountain Nvidia shares 1-year The event only added to their confidence in the stock. to a multi $Tn+ IT/Infrastructure as a service industry TAM from narrower chip-only industry opportunity," Arya wrote to clients on Tuesday. JPMorgan's Harlan Sur reiterated an overweight rating, saying Nvidia's "dominant AI leadership" is clear following the event.

☆ Stocks making the biggest moves midday: Nvidia, First Republic, Nike, GameStop and more
▼ + stars: | 2023-03-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street analysts lauded the company's artificial intelligence leadership following its developer conference Tuesday. First Republic Bank — Shares of the regional bank were down nearly 16% on Wednesday. Its results can't be compared with Wall Street estimates because too few analysts cover the company. Petco Health and Wellness — Shares fell 17.5% after the company reported earnings. The Wall Street firm believes the self-driving car software stock is too expensive and could fall 35% from Tuesday's close.

On Tuesday at its developer conference GTC, Nvidia unveiled CUDA Quantum, a platform for building quantum algorithms using popular classical computer coding languages C++ and python. "CUDA Quantum will do the same for quantum computing, enabling domain scientists to seamlessly integrate quantum into their applications and gain access to a new disruptive computing technology," said Tim Costa, Nvidia's director of HPC and quantum. One difference, Costa said, is while CUDA is proprietary, CUDA Quantum is open source and was developed with input from many quantum computing companies. Nvidia also launched a new hardware system called DGX Quantum to connect the quantum computer with classical computers. "We see more and more demand to integrate these quantum computers with standard computers," said Itamar Sivan, co-founder and CEO of Quantum Machines.

☆ Google CEO tells employees that 80,000 of them helped test Bard A.I., warns 'things will go wrong'
▼ + stars: | 2023-03-21 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Google and Alphabet CEO Sundar Pichai told employees that the success of its newly launched Bard A.I. “As more people start to use Bard and test its capabilities, they'll surprise us. Things will go wrong," Pichai wrote in an internal email to employees Tuesday viewed by CNBC. The message to employees comes as Google launched Bard as "an experiment" Tuesday morning, after months of anticipation. Pichai's Tuesday email also said 80,000 Google employees contributed to testing Bard, responding to Pichai's all-hands-on-deck call to action last month, which included a plea for workers to re-write the chatbot's bad answers.

☆ Nvidia turns to AI cloud rental to spread new technology
▼ + stars: | 2023-03-21 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

Huang said Nvidia was also working with Microsoft and Alphabet Inc (GOOGL.O) to offer its supercomputers, used to create new AI products, as a service. Nvidia's new rental service, called DGX Cloud, could give many more developers the chance to access tens of thousands of its chips at once. Biotech firm Amgen Inc (AMGN.O) and software firm ServiceNow Inc (NOW.N) have started using the service, Nvidia said. Nvidia also launched a service called AI Foundations to help companies train their customized artificial intelligence models. Nvidia said it was working with ASML Holding (ASML.AS), Synopsys Inc (SNPS.O) and TSMC to bring it to market.

Nvidia Corp (NVDA.O) unveiled its own service, known as "Picasso," that uses AI to generate images, videos and 3D applications from text descriptions. Nvidia trained the technology on images licensed from Getty Images, Shutterstock Inc (SSTK.N), and Adobe, and plans to pay royalties. Image-generation technology is "trained" on billions of images, but whether that use is legally permitted is not always clear. Because the AI has been trained on Adobe Stock images, openly licensed content and older content where copyright has expired, the resulting creations are safe for commercial use, it said. "We're very interested in making this creator friendly," Ely Greenfield, chief technology officer for digital media at Adobe, told Reuters.

☆ Nvidia CEO Jensen Huang on how his big bet on A.I. is finally paying off
▼ + stars: | 2023-03-19 | by ( Katie Tarasov | Andrew Evers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia CEO Jensen Huang on how his big bet on A.I. is finally paying offAhead of this year's Nvidia GTC developer conference, CNBC sat down with founder and CEO Jensen Huang to talk about ChatGPT, gaming, the omniverse, and what's next. In this full interview, Huang takes us on the journey of Nvidia, from its early days in a condo to the dominant player in GPUs, gaming, and now A, which is a major focus of GTC this year. Huang also talks about how he handled China export controls, and geopolitical tensions swirling around Taiwan where most of its chips are made.

☆ Nvidia CEO Jensen Huang's bet big on A.I. is paying off as his core technology powers ChatGPT
▼ + stars: | 2023-03-07 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

As the engine behind large language models (LLMs) like ChatGPT, Nvidia is finally reaping rewards for its early investment in AI. Nvidia counts on China for about one-quarter of its revenue, including sales of its popular AI chip, the A100. Nvidia Founder and CEO Jensen Huang shows CNBC's Katie Tarasov a Hopper H100 SXM module in Santa Clara, CA, on February 9, 2023. Nvidia founders Curtis Priem, Jensen Huang and Chris Malachowsky pose at the company's Santa Clara, California, headquarters in 2020. "We invented this new way of doing computer graphics, ray tracing, basically simulating the pathways of light and simulate everything with generative AI.

☆ Google execs tell employees in testy all-hands meeting that Bard A.I. isn't just about search
▼ + stars: | 2023-03-03 | by ( Jennifer Elias | ) www.cnbc.com time to read: +10 min

In the lead up to the Bard announcement, Google executives repeatedly said the technology it was developing internally would integrate with search. “We’re working to bring these latest AI advancements into our products, starting with Search,” the company said in a blog post. That same week, at an event in Paris, Google search boss Prabhakar Raghavan unveiled some fresh examples of using Bard within search. "You see the stories of ChatGPT coincides with an event that we’re having that was actually focused on search," Krawczyk said. Specifically, the question asked why Google lost so many key people who were listed on a paper about much of the AI technology behind Bard.

☆ The Club's top 10 things to watch in the stock market Tuesday: CPI, volatile market, oil dips
▼ + stars: | 2023-02-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The analysts have buys on Palo Alto Networks (PANW), with the most upside to price target, as well as CrowdStrike (CRWD), Check Point (CHKP) and Fortinet (FTNT). They increase price target to $255 per share from $215. But they think any pullback in shares of the Club stock would be short-lived ahead of the chip company's March 20 to 23 GTC developer conference . The analyst say Club holding TJX Companies (TJX) is best positioned and raise price target to $88 from $85. Industrial gas company and Club holding Linde 's (LIN) price target was increased to $378 per share from $370 at BMO Capital.

☆ Heavyweight tech battle: How Microsoft and Alphabet stack up against each other in the A.I. war
▼ + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.

☆ China's Baidu to launch ChatGPT-style bot in March -source
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Jan 30 (Reuters) - Chinese internet search major Baidu Inc (9888.HK) is planning to launch an artificial intelligence (AI) chatbot service similar to OpenAI's ChatGPT in March, a person familiar with the matter told Reuters. The technology firm plans to launch the service as a standalone application and gradually merge it into its search engine, said the person, who declined to be identified as the information is confidential. Baidu plans to incorporate chatbot-generated results when users make search requests, instead of only links, the person said. The company has also worked to add OpenAI's image-generation software to its Bing search engine in a new challenge to Alphabet Inc's (GOOGL.O) Google. At a developer conference last month, Baidu unveiled three AI-powered "creators" whose technology allows them to assume the roles of screenwriter, illustrator, editor or animator.

☆ Apple Needs to Take Its Time With Augmented Reality
▼ + stars: | 2023-01-12 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Much like the Apple Watch touted by CEO Tim Cook in the past, Apple’s AR device might be shown off months ahead of its retail launch. Apple ‘s real world will likely be a harsh one this year. That doesn’t mean the company should rush into a virtual one. Apple’s long-rumored augmented reality headset may finally see the light of day soon. Bloomberg News also reported over the weekend that the company is planning to unveil the product this spring.

☆ Apple reportedly considering touchscreen Mac laptop for 2025
▼ + stars: | 2023-01-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

(Photo by Justin Sullivan/Getty Images)Apple could release a MacBook Pro laptop with a touchscreen as soon as 2025, according to a report from Bloomberg. More recently, he was asked at a conference whether Apple would release a touchscreen laptop, and he said, "who's to say?" Apple's Mac business doesn't need a shot in the arm, though. Apple's Mac business generated $40.1 billion in revenue during the company's fiscal 2022, up 14% from 2021. A touchscreen Mac would require significant software changes to accept finger taps, which require larger buttons, instead of mouse clicks.

☆ Apple's mixed-reality headset could be announced as soon as this spring, top analyst says
▼ + stars: | 2023-01-06 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Apple 's long-awaited mixed reality headset could be announced as soon as this spring, top Apple supply chain analyst Ming-Chi Kuo said on Twitter recently. Ming-Chi Kuo, an Apple analyst at TF International, had initially predicted in June 2022 that Apple would announce a mixed-reality headset by the end of January 2023. Apple's headset is expected to cost between $2,000 and $3,000 and will boast over 10 cameras on the exterior and interior of the device, according to Bloomberg. The mixed-reality device will run on an operating system called xrOS, with mixed-reality adaptions of Apple's Messages, FaceTime, and Maps apps, according to Bloomberg. The Apple analyst also predicted the controversial loss of the headphone jack in the iPhone 7 series.

☆ Google's management has reportedly issued a 'code red' amid the rising popularity of the ChatGPT AI
▼ + stars: | 2022-12-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Google issued a "code red" in response to the rise of AI bot ChatGPT, NYT reports. CEO Sundar Pichai redirected some teams to focus on building out AI products, per the report. The move comes as talks abound over whether ChatGPT could one day replace Google's search engine. ChatGPT "is not something that people can use reliably on a daily basis," Zoubin Ghahramani, who leads the Google's A.I. Instead, Google may focus on improving its search engine over time rather than taking it down, experts told the Times.

☆ John Carmack, the consulting CTO for Meta's virtual-reality efforts, is leaving. 'I wearied of the fight'
▼ + stars: | 2022-12-16 | by ( Ashley Stewart | Kali Hays | ) www.businessinsider.com time to read: +3 min

Carmack joined Oculus in 2013 as CTO, prior to its acquisition by Facebook. John Carmack, the consulting CTO for Meta's virtual-reality efforts, is leaving, according to two people familiar with the company. Overall, Carmack said he simply "wearied of the fight" with Meta, formerly known as Facebook, which acquired Oculus in 2014. Despite being one of the best known and more popular VR headsets on the market, Meta changed the name of the brand last year to Meta Quest. During Meta's developer conference in October, Carmack hosted a solo hour-long talk about the company's Oculus or Quest headset.

☆ Apple announces plans to encrypt iCloud backups
▼ + stars: | 2022-12-07 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

(Photo by Justin Sullivan/Getty Images)Apple announced on Wednesday that it plans to allow users to encrypt additional kinds of iCloud data on its servers, including full backups, photos and notes. Encrypted backups will be opt-in, according to Apple, and will be available in the U.S. before the end of the year. While Apple has previously encrypted a lot of data it stores on servers, entire device backups that included text messages, contacts, and other important data were not end-to-end encrypted, and Apple previously had access to the contents of the backups. It also means that user data content would not be exposed if Apple's servers were ever breached. At the time, Apple said that an unencrypted iCloud backup on its servers was an option to get the same data.

☆ Sale jumpstarts floating, offshore wind power in U.S. waters
▼ + stars: | 2022-12-05 | by ( Associated Press | ) www.nbcnews.com time to read: +8 min

The cost of developing offshore wind has dropped 60% since 2010 according to a July report by the International Renewable Energy Agency. Offshore wind is well established in the U.K. and some other countries but is just beginning to ramp up off America’s coasts, and this is the nation’s first foray into floating wind turbines. Europe has some floating offshore wind — a project in the North Sea has been operating since 2017 — but the potential for the technology is huge in areas of strong wind off America’s coasts, said Josh Kaplowitz, vice president of offshore wind at the American Clean Power Association. President Joe Biden set a goal of deploying 30 gigawatts of offshore wind by 2030 using traditional technology that secures wind turbines to the ocean floor, enough to power 10 million homes. Then the administration announced plans in September to develop floating platforms that could vastly expand offshore wind in the United States.

☆ Amazon is gutting its voice-assistant Alexa. Once founder Jeff Bezos's pet project it's now the primary target of historic layoffs.
▼ + stars: | 2022-11-19 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

Amazon's Alexa and the devices team at large is now the prime target of the biggest layoffs in the company's history, according to press reports and an internal email seen by Insider. Instead, Amazon wanted shoppers to buy more things through Echo devices by placing orders through the voice-assistant. Reports of Alexa mistakenly sending voice recordings to the wrong person or Amazon employees secretly listening to private conversations stoked fear of privacy concerns. But even so, its financial contribution often fell short of expectations, more than half a dozen employees told Insider. Employees told Insider the product is Bezos's latest pet project.

☆ Facebook and Mark Zuckerberg just raised a giant middle finger to Wall Street. The company says its metaverse business will lose even more money next year.
▼ + stars: | 2022-10-26 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Facebook warned that its Reality Labs metaverse business will lose even more money in 2023. It lost $10 billion over the whole of 2021, and the company said spending costs for Reality Labs are only going to keep growing. "We do anticipate that Reality Labs losses in 2023 will grow significantly year-over-year," the company said. He specifically asked Facebook to limit metaverse spending to $5 billion a year. A main part of the immersive digital world Mark Zuckerberg is attempting to build out is avatars.

☆ Following Google, Facebook's Mark Zuckerberg takes aim at the green and blue bubbles of Apple's iMessage
▼ + stars: | 2022-10-17 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Zuckerberg is trying to put WhatsApp above Apple's iMessage on interoperability and privacy. He posted a photo of a billboard ad from Facebook that jokes about iMessage limitations that make Android messages show up in green bubbles, while iPhone texts appear in blue bubbles. Apple CEO Tim Cook has resisted making iMessage more interoperable with Android phones because the technical difficulties help sell more iPhones. In an update to its iOS, Apple prompted its more than 1.6 billion device users to opt-out of being tracked by apps. It's not the first time Zuckerberg has attempted to come for Apple's business since it enacted its privacy changes.

☆ Facebook's 'desperate' metaverse push to build features like avatar legs has Wall Street questioning the company's future
▼ + stars: | 2022-10-13 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg made another pitch for his metaverse this week, failing to placate investors. One analyst called it a "desperate" and likely doomed attempt by the company to reinvent itself. But Neil Campling, an analyst and head of research at Mirabaud, summed it up in one word: "desperate." And the Quest Pro, while much more expensive than Quest 2, is "a very fine piece of engineering," he said. Some on Wall Street are also willing to give Facebook more of a chance to prove itself, despite the costs.

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