The world of artificial intelligence is abuzz with exciting developments, from record-breaking earnings to innovative investments and cutting-edge technologies. In this news brief, we'll delve into the latest AI trends, highlighting the key takeaways from top stories in the field.
Nvidia's Earnings Soar to Record Levels
Nvidia, the leader in AI chip design, reported a 78% increase in revenue to a record $39 billion in the recent quarter, with full-year revenue rising 114% to a record $130 billion. Despite this impressive growth, Nvidia's stock hasn't seen a corresponding surge, leaving investors wondering why the stock isn't reflecting the company's strong earnings.
China's Honor Invests $10 Billion in AI
Honor, a leading smartphone maker, has announced plans to invest $10 billion over the next five years to accelerate its AI developments. The company aims to become an all-out AI solutions provider, with a focus on building more devices beyond smartphones and laptops, including robotics.
AI Literacy Expands in China
In a bid to bridge the gap between technology and society, Chinese communities are offering a variety of AI courses, from tools used at workplaces to creative video production and intelligent human resource solutions. These initiatives are not only increasing income and facilitating re-employment but also fostering a sense of community.
Lenovo's AI Display Revolutionizes Monitoring
Lenovo has unveiled an AI Display with a built-in NPU that not only controls the screen but also adds AI functionality to non-AI desktop and laptop PCs. This innovative technology has the potential to revolutionize the way we interact with our devices.
SoftBank Bets Big on AI
SoftBank Group, led by CEO Masayoshi Son, is making significant moves in AI, borrowing $16 billion to invest in the field. This move will make them the largest investor in OpenAI, the company behind ChatGPT.
Palantir Emerges as a Leader in AI Data Analytics
Palantir Technologies has received a new Street-high price target, with analysts predicting a 60% upside from current trading levels. The company's commitment to customer acquisition, revenue growth, and profit acceleration makes it a strong contender in the AI data analytics market.
Apple's AI Crisis
Apple is struggling to keep pace with its rivals in the AI technology race, with its AI-infused version of Siri failing to deliver a fully functional prototype. The company's broader suite of AI features, dubbed Apple Intelligence, has been met with disappointment, and its attempt to integrate OpenAI's ChatGPT has been poorly executed.
AI Will Never Become Conscious
Sandeep Nailwal, co-founder of Polygon and Sentient, believes that AI will never become a conscious being, citing the emergence of consciousness from intention, which is endemic to human beings and other biological creatures.
Clickthrough Launches Customized AI Training Courses
Clickthrough has launched exclusive and customized AI training courses for New Zealand businesses, providing them with the skills and knowledge needed to stay ahead in the AI-driven market.
Key Takeaways
- Nvidia's earnings soar to record levels, but the stock doesn't reflect the growth.
- China's Honor invests $10 billion in AI, aiming to become an all-out AI solutions provider.
- AI literacy expands in China, with communities offering a variety of courses.
- Lenovo's AI Display revolutionizes monitoring and adds AI functionality to non-AI PCs.
- SoftBank bets big on AI, borrowing $16 billion to invest in the field.
- Palantir emerges as a leader in AI data analytics, with a 60% upside predicted.
- Apple struggles to keep pace with its rivals in the AI technology race.
- AI will never become conscious, according to Sandeep Nailwal.
- Clickthrough launches customized AI training courses for New Zealand businesses.
Sources
- Nvidia's Earnings Roared Higher to Record Levels. So, Why Isn't the Stock Soaring?
- China's Honor to invest $10bn in AI over next 5 years
- AI literacy expanding as Chinese communities offer variety of courses
- Lenovo AI display comes with a dedicated NPU that control the monitor and bestows AI powers to devices
- SoftBank Bets Big on AI With $16B Loan, But Can It Sustain the Risk?
- 1 Artificial Intelligence (AI) Stock to Buy Hand Over Fist Before It Surges by 60%, According to 1 Wall Street Analyst @themotleyfool #stocks $PLTR
- Apple's AI Crisis: Falling Behind In The AI Race?
- AI will never become a conscious being
- Clickthrough Launches Exclusive & Customised AI Training Courses for NZ Businesses