Nvidia AI Cloud, Google Gemini YouTube Data, Apple $30B AI?

Several key developments are shaping the AI landscape. CoreWeave, an AI cloud company utilizing Nvidia GPUs, launched three new AI cloud software products—Mission Control Integration, W&B Inference, and W&B Weave Online Evaluations—aimed at attracting more customers and helping developers build AI models. However, Bank of America changed CoreWeave's stock rating from Buy to Hold due to valuation concerns, despite increasing the price target to $185 after a 145% rise since the first-quarter earnings report. Google is training its AI models, including Gemini and Veo 3, using YouTube videos, stating it follows agreements with creators and will take legal responsibility for copyright issues with Veo 3 generated content. However, many creators are unaware their content is being used, and they cannot opt out. Kim Kardashian's Instagram post featuring a conversation with ChatGPT sparked online confusion about AI accountability. In the crypto space, altFINS launched AI Copilot to help traders find opportunities using plain language descriptions. Cybersecurity is also evolving, with the Pentagon investing $200 million with OpenAI to develop AI for cybersecurity. Small businesses are increasingly adopting AI, with 36% using generative AI, though most spend less than $50 a month on these services. TRUE is using background AI to validate data and automate underwriting for loans, while NFTYDoor offers a digital HELOC. An analyst suggested Apple should acquire AI search engine Perplexity for $30 billion to enhance Safari and Siri with strong AI capabilities, potentially challenging Google's default search position.

Key Takeaways

  • CoreWeave launched Mission Control Integration, W&B Inference, and W&B Weave Online Evaluations to enhance AI model development on its cloud platform.
  • Bank of America changed CoreWeave's stock rating to Hold due to valuation concerns, despite a 145% stock increase since Q1.
  • Google is training Gemini and Veo 3 using YouTube videos, claiming responsible practices but facing creator concerns over consent.
  • Kim Kardashian's ChatGPT conversation highlighted public confusion regarding AI accountability.
  • altFINS launched AI Copilot to simplify crypto trading by allowing users to describe trade ideas in plain language.
  • The Pentagon is investing $200 million with OpenAI to develop AI for cybersecurity applications.
  • 36% of small businesses are using generative AI, but most spend under $50 per month on AI services.
  • TRUE is using background AI to automate loan underwriting, and NFTYDoor offers a digital HELOC.
  • An analyst proposed Apple should acquire Perplexity for $30 billion to bolster its AI capabilities in Safari and Siri.
  • The UAE plans to invest $1.4 trillion in the US, focusing on AI, semiconductors, energy, and manufacturing.

CoreWeave launches new AI cloud tools to boost growth

CoreWeave, an AI cloud company, introduced three new software products at the Weights & Biases Fully Connected Conference. These products, including Mission Control Integration and W&B Inference, help customers build and use AI models faster. The new products integrate CoreWeave's system with Weights & Biases' tools, improving AI training and monitoring. CoreWeave's stock (CRWV) has increased significantly due to high demand for its AI infrastructure, though some analysts have concerns about its finances.

CoreWeave launches new AI cloud tools to boost growth

CoreWeave launched three new AI cloud software products on Wednesday to attract more customers. The products include Mission Control Integration, W&B Inference, and W&B Weave Online Evaluations. These tools help developers build AI models on CoreWeave's cloud platform. CoreWeave's stock (CRWV) has increased due to demand for its AI infrastructure, which uses Nvidia GPUs. However, some analysts are worried about CoreWeave's spending and valuation.

CoreWeave launches new AI cloud tools to boost growth

CoreWeave, an AI cloud company, introduced three new software products at the Weights & Biases Fully Connected Conference. These products, including Mission Control Integration and W&B Inference, help customers build and use AI models faster. The new products integrate CoreWeave's system with Weights & Biases' tools, improving AI training and monitoring. CoreWeave's stock (CRWV) has increased significantly due to high demand for its AI infrastructure, though some analysts have concerns about its finances.

Bank of America changes CoreWeave stock rating to Hold

Bank of America analyst Bradley Sills changed CoreWeave's (CRWV) stock rating from Buy to Hold. The change was made because of concerns about the stock's valuation. Sills increased the price target for the stock from $76 to $185. The stock has already risen 145% since the company's first-quarter earnings report.

Google uses YouTube videos to train AI models

Google is using YouTube videos to train its AI models like Gemini and Veo 3. The company says it only uses some videos and follows agreements with creators. However, many creators didn't know their videos were being used for AI training. Some experts are worried because AI-generated videos are very similar to existing YouTube content. Google says it will take legal responsibility for copyright issues with content made using Veo 3.

Google uses YouTube videos to train its AI responsibly

Google is using YouTube videos to train its AI models, including Gemini and Veo 3. YouTube says this is done to improve the product experience for viewers and creators. The company claims it is focused on doing this responsibly and is investing in protections for creators. However, video creators cannot opt out of having their content used for AI training. It is unclear how many of the 20 billion YouTube videos are being used.

Kim Kardashian's ChatGPT conversation sparks online reactions

Kim Kardashian shared a screenshot of her conversation with the ChatGPT chatbot on Instagram. In the conversation, Kim thanked the chatbot for taking accountability. People online reacted with confusion, wondering what a robot would need to be accountable for. Some found it weird that Kim seemed to have an emotional connection with the AI. The post came after a study suggested that using ChatGPT might reduce critical thinking skills.

altFINS launches AI Copilot for smarter crypto trading

altFINS has launched AI Copilot, a new tool to help crypto traders find opportunities more easily. The AI Copilot helps traders discover trade ideas without needing to learn complex filters or technical indicators. Users can describe what they are looking for in plain language, like "assets in a strong uptrend," and receive a custom market scan. The tool supports multiple languages and will soon include on-chain data, news, and whale wallet activity.

Cybersecurity updates AI adoption, GitHub risks, and malware campaigns

The Pentagon is using a $200 million contract with OpenAI to develop AI for cybersecurity and operations. A new threat group called Water Curse is using GitHub to distribute malware disguised as legitimate tools. A Google Chrome flaw was used in a malware campaign called Trinper to install malware on targeted systems. These incidents highlight the need for strong cybersecurity measures and awareness of potential threats.

Small businesses are starting to use AI more

Small businesses are starting to use artificial intelligence, but they are not spending a lot of money on it. A survey by U.S. Bank found that 36% of small business owners are using generative AI. Another 21% plan to start using it in the next year. However, most of these businesses are using free or low-cost AI services, spending less than $50 a month.

Training AI has hidden costs, expert says

Roman Georgio stated that AI systems need to be more predictable before they get any bigger.

Digital loans, AI, and hurricane season news

This article covers digital home equity lines of credit (HELOC), appraisal review products, and the use of background AI in the mortgage industry. It also discusses the upcoming hurricane season and its potential impact. TRUE is using background AI to validate data and automate underwriting decisions for loans. NFTYDoor offers a digital HELOC available through Homebridge Wholesale and REMN Wholesale. An unusually active hurricane season may collide with weakening forecasting infrastructure.

UAE and US discuss AI, investment, and energy

UAE officials met with US Vice President JD Vance at the White House to discuss investment and energy cooperation. The discussions focused on the UAE's plan to invest $1.4 trillion in the US for AI, semiconductors, energy, and manufacturing. Dr Sultan Al Jaber and Yousef Al Otaiba participated in the meeting. Mr Vance praised the UAE's focus on AI and energy production earlier this year.

Analyst urges Apple to buy AI search engine Perplexity

An analyst suggests that Apple should buy Perplexity, an AI search engine, for $30 billion. This would give Apple a strong AI service to integrate into Safari and Siri. Perplexity would gain access to Apple's resources and become a major AI player. Apple's current search partner, Google, is at risk of losing its default search position on Safari, making this a timely move for Apple.

Sources

AI Artificial Intelligence CoreWeave AI Cloud Weights & Biases Mission Control Integration W&B Inference W&B Weave Online Evaluations AI Models AI Training AI Infrastructure Nvidia GPUs Stock Valuation CRWV Bank of America Stock Rating Google YouTube Gemini Veo 3 AI-generated Videos Copyright Kim Kardashian ChatGPT Online Reactions Critical Thinking altFINS AI Copilot Crypto Trading Cybersecurity OpenAI GitHub Malware Small Businesses Generative AI Digital Loans Mortgage Industry UAE US Investment Energy Perplexity AI Search Engine Apple Safari Siri