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Nvidia Stock Tumbles 15% as AI Boom Faces Scrutiny
AI chip giant Nvidia faces market turbulence: Nvidia's stock has experienced a significant downturn, dropping about 15% since its recent earnings report, despite maintaining a strong year-to-date performance. Nvidia shares plunged 9.5% on Tuesday, erasing nearly $300 billion in market capitalization, marking its worst day since March 2020. The stock has shown volatility in Wednesday's trading, fluctuating between modest gains and losses. Despite the recent decline, Nvidia's stock remains up approximately 120% year-to-date. CNBC's Jim Cramer advises caution: The prominent financial commentator suggests investors should not rush to buy Nvidia stock during its current downturn. Cramer recommends letting the stock...
read Sep 5, 2024AI Startups Tackle Local Government Challenges in New Accelerator
AI-focused accelerator program launches for local government tech: CivStart has unveiled its sixth Govtech Accelerator Program, featuring 16 startups focused on implementing and scaling AI solutions for local governments. Program details and partnerships: The new cohort represents CivStart's largest to date, selected from a record 117 applicants This iteration will run for 12 months, shorter than the traditional 24-month timeline The program is being conducted in partnership with the National League of Cities and the GovAI Coalition Participants will work with mentors from both public and private sectors, gaining valuable expertise and access to industry leaders Focus on AI in...
read Sep 5, 2024Early Reviews of OpenAI’s SearchGPT Reveal Mix of Excitement and Reservations
OpenAI's SearchGPT enters the search engine arena: Early reviews of OpenAI's Google Search rival, SearchGPT, reveal a mix of excitement and reservations about its capabilities and potential to challenge Google's dominance. Key features and objectives: SearchGPT aims to provide a streamlined search experience by delivering concise, organized responses rather than a traditional list of search results. The AI-driven tool compiles answers using data from Bing and other sources, positioning itself as a comprehensive information resource. OpenAI's approach contrasts with Google's recent introduction of AI Overviews, which display AI-generated results above typical search results. User feedback and performance: Early users of...
read Sep 5, 2024NVIDIA Announces GeForce RTX-Powered Laptops at IFA Trade Show
AI-powered computing takes a leap forward: NVIDIA announces new GeForce RTX-powered laptops at the IFA consumer electronics trade show, showcasing advanced AI capabilities for gaming, content creation, and productivity. RTX GPUs: The powerhouse behind AI acceleration: NVIDIA's RTX GPUs, equipped with specialized Tensor Cores, provide the necessary computational power to run demanding AI models and accelerate over 600 AI-enabled applications and games. RTX GPUs can perform multiple operations simultaneously, making them far more efficient for AI workloads compared to traditional CPUs. These GPUs offer up to 686 AI trillion operations per second (TOPS) across the GeForce RTX 40 Series Laptop...
read Sep 5, 2024All the Apple Intelligence Features Coming to iPhone 16, And When to Expect Them
Unveiling Apple's AI ambitions: Apple is set to introduce a suite of artificial intelligence features, collectively known as Apple Intelligence, to its upcoming iPhone 16 lineup, marking a significant leap in the company's AI integration efforts. The rollout of Apple Intelligence features is expected to occur in stages, with the initial wave arriving as part of the iOS 18.1 update later this year. These AI-powered capabilities aim to enhance various aspects of the iPhone user experience, from productivity to creative tasks. The phased introduction suggests Apple is taking a measured approach to implementing AI technologies, likely to ensure stability and...
read Sep 5, 2024US Launches Initiative to Boost AI Infrastructure and Security
AI infrastructure becomes a national priority: The US government is formalizing consultations with AI industry leaders to develop policies supporting data center growth and security, recognizing the strategic importance of AI in the global technological race. The Department of Commerce's National Telecommunications and Information Administration (NTIA) and the US Department of Energy have issued an open request for comments from industry experts to inform future policies on data center development and security. NTIA administrator Alan Davidson emphasized the need to create a transparent public record to address the growing demand for data centers, particularly driven by AI advancements. The government's...
read Sep 5, 2024These AI Tools Can Help Your Family Save for Soaring College Costs
Rising college costs strain family budgets: The average annual cost for college in the U.S. has reached $38,270, with a four-year degree totaling $162,776.99, presenting a significant financial challenge for most families. The Education Data Initiative reports that costs are increasing by 4.11% annually, compounding the financial burden for parents and guardians. The average amount saved in a typical family's 529 plan is only $27,741, falling short of even a single year's expenses. Despite various investment options, 94% of families plan to pay at least a portion of college expenses out-of-pocket. AI emerges as an unexpected ally: Artificial intelligence offers...
read Sep 5, 2024OpenAI Co-Founder Secures $1B for New AI Safety Venture
OpenAI co-founder launches rival AI venture: Ilya Sutskever, former chief scientist at OpenAI, has secured $1 billion in funding for his new artificial intelligence company, Safe Superintelligence (SSI), aimed at developing advanced AI systems with a focus on safety. Funding details and investors: The substantial investment in SSI comes from notable venture capital firms, highlighting the growing interest in AI safety and development. Andreessen Horowitz (a16z), a prominent VC firm known for its stance against California's AI safety bill, is among the investors backing SSI. Sequoia Capital, which has also invested in OpenAI, has contributed to the funding round, demonstrating...
read Sep 5, 2024Zillow Upgrades AI Search to Find Homes with Natural Language Queries
Zillow enhances AI search capabilities: Zillow has upgraded its AI-powered search feature, allowing users to find homes and rentals based on proximity to specific locations and affordability criteria. The new feature enables users to search for properties within a certain driving distance from points of interest, such as offices, schools, or landmarks. Users can now input natural language queries like "Homes 30 min drive from Millennium Park" to refine their search results. The upgraded search also allows for affordability-based queries, such as "Seattle homes under $4,000 monthly." Improved user experience: The enhanced search functionality aims to simplify the house-hunting process...
read Sep 5, 2024Hugging Face Partners with Truffle Security to Protect Code Repositories
Hugging Face bolsters security with TruffleHog integration: Hugging Face has partnered with Truffle Security to incorporate TruffleHog's secret scanning capabilities into its platform, enhancing security measures for users and developers. Key partnership details: The collaboration between Hugging Face and Truffle Security aims to prevent accidental leaks of sensitive information in code repositories. TruffleHog is an open-source tool that detects and verifies secret leaks in code, scanning for credentials, tokens, and encryption keys. The partnership focuses on two main initiatives: enhancing Hugging Face's automated scanning pipeline and creating a native Hugging Face scanner in TruffleHog. Automated scanning pipeline improvements: Hugging Face...
read Sep 5, 2024Asus ‘NUC 14 Pro AI’ Packs Intel’s Latest CPUs and a Copilot Button
Asus unveils innovative mini PC with Copilot AI button: The tech company has introduced its latest NUC mini PC, featuring Intel's new Core Ultra Series 2 processors and a dedicated Copilot button for launching Microsoft's AI assistant. Key features and design: Asus's new mini PC combines advanced technology with unique user interface elements, raising questions about the practicality of certain design choices. The puck-shaped PC includes a dedicated Copilot button on the front, allowing users to quickly access Microsoft's AI assistant. A fingerprint reader is positioned on top of the device for Windows Hello authentication, offering a more practical touch-based...
read Sep 5, 2024Microsoft Confirms Users Can’t Uninstall Its Controversial AI Feature ‘Recall’
Windows 11 Recall AI controversy: Microsoft has clarified that the ability to uninstall Recall AI in the recent Windows 11 24H2 update was a glitch, not an intentional feature. Windows senior product manager Brandon LeBlanc stated that the issue "will be fixed in an upcoming update." The bug appeared in the KB5041865 update, erroneously adding Recall to the "Turn Windows features on or off" dialog. Importantly, this option appeared before Recall itself was implemented, rendering it non-functional. Recall AI's future in Windows: Microsoft's stance on Recall AI suggests it will be a permanent fixture in Windows 11, albeit with some...
read Sep 5, 2024Japanese AI Startup Sakana Raises $100M to Challenge OpenAI, Anthropic
Groundbreaking AI startup secures major funding: Sakana AI, a Japanese startup founded by former Google researchers and a diplomat, has raised $100 million in a Series A funding round led by prominent investors, including New Enterprise Associates, Khosla Ventures, and Lux Capital, with participation from Nvidia. The investment signals strong traction for the year-old company, which aims to challenge established AI labs like OpenAI and Anthropic. Sakana AI plans to use the capital and infrastructure support from Nvidia to advance its technologies and grow into a world-class AI research lab. Co-founder David Ha emphasized that the company is already operating...
read Sep 5, 2024AI and the New Role of Iterative Intelligence
The dawn of iterative intelligence: Artificial intelligence, particularly large language models (LLMs), is transforming the way humans learn and think by enabling a new form of dynamic, collaborative cognition. Iteration has long been a fundamental aspect of human learning, from Socratic dialogues to medical rounds and informal storytelling. LLMs are emerging as powerful partners in this iterative process, offering vast knowledge and the ability to engage in complex, real-time dialogue. This partnership between humans and AI is giving rise to a new cognitive dynamic termed "iterative intelligence." The power of iteration in learning: Repeated interaction and dialogue have always been...
read Sep 5, 2024How to Use AI to Improve Your Advertising Strategy
AI revolutionizes advertising: Artificial intelligence is transforming the advertising industry, offering new opportunities for precision targeting, creative optimization, and data-driven insights. The advertising industry has continuously adapted to technological advancements, with AI representing the latest frontier in its evolution. While AI supporters hail it as a solution to industry inefficiencies, skeptics question its true value, suggesting the reality likely falls somewhere in between. To effectively harness AI's power, brands must develop a strategic roadmap that addresses their unique challenges before implementing technological solutions. Precision audience identification: AI enables highly refined audience segmentation based on detailed customer profiles and location-based targeting....
read Sep 5, 2024NSF Invests $8M to Expand AI Education Across US
Advancing AI education in the US: The National Science Foundation (NSF) is investing nearly $8 million in five projects under the EducateAI initiative to develop the next generation of AI professionals and expand access to AI education nationwide. The EducateAI program, launched by NSF's Computer and Information Science and Engineering (CISE) and STEM Education directorates, aims to make inclusive, state-of-the-art AI educational experiences widely available across the United States. These projects will benefit from the National Artificial Intelligence Research Resource (NAIRR) Pilot, an NSF-led effort to create a national infrastructure connecting researchers to essential AI resources. The initiative aligns with...
read Sep 5, 2024Stability AI Brings 3 Advanced Image Models to Amazon Bedrock
Stability AI expands partnership with AWS: Stability AI has announced a significant expansion of its collaboration with Amazon Web Services (AWS), bringing three advanced text-to-image generative AI models to the Amazon Bedrock service. The new models include Stable Image Ultra, Stable Diffusion 3 Large, and Stable Image Core, each offering unique strengths for various use cases. This move broadens Stability AI's presence on Amazon Bedrock, where it previously only offered its older SDXL model. The expansion comes at a time when Stability AI has been facing challenges in establishing its business footing within the competitive generative AI market. Model capabilities...
read Sep 5, 2024What to Expect at Apple’s ‘It’s Glowtime’ iPhone 16 Event
Apple's September Showcase: AI-Powered iPhones and More: Apple is set to unveil its iPhone 16 lineup, new Apple Watches, and AirPods at its upcoming "It's Glowtime" event, with a focus on integrating Apple Intelligence across its devices. AI Takes Center Stage: Apple Intelligence, the company's artificial intelligence platform, is expected to be a key feature of the new iPhone 16 series. The new iPhones will likely include AI-powered capabilities such as understanding on-screen content and enhanced Siri functionality. Other AI features introduced at WWDC, including image generation, AI rewrite, and call recording with transcription, may also be showcased. The event's...
read Sep 5, 2024SAG-AFTRA and Tencent Studio Agree on AI Protections for Games
Landmark AI agreement in gaming industry: Lightspeed L.A., a new game development studio under Tencent's Lightspeed & Quantum Studio group, has reached an agreement with SAG-AFTRA on AI protections for their upcoming games, marking a significant development in the ongoing debate about AI's role in creative industries. Key details of the agreement: The deal allows Lightspeed L.A. to hire and utilize union actors for performances in their in-development and future games. This agreement permits Lightspeed L.A. to continue working with union actors even if SAG-AFTRA is on strike. While specific details are not public, the agreement implements protections that the...
read Sep 5, 2024Zillow’s AI Revolutionizes Home Search With Natural Language Queries
Zillow's AI revolutionizes home search: Zillow has upgraded its AI search tool to simplify the process of finding a dream home by allowing users to use natural language queries instead of traditional filtering methods. The new AI-powered search feature is available on Zillow's mobile app and aims to make the home search process more intuitive and user-friendly. Users can now input queries like "homes 30 minutes from Millennium Park" or "3-bedroom houses near Roosevelt High School," eliminating the need for manual filtering of locations and other elements. The AI tool is designed to understand and process casual language, making it...
read Sep 5, 2024AI Startup Wombo Secures $9M to Build Decentralized Supercomputer
Wombo, a Canadian AI image manipulation startup, has secured $9 million in a new funding round, bringing its total funding to over $15 million. The company plans to use this investment to expand its team, accelerate product development, and support the creation of w.ai, an ambitious project aimed at building the world's largest AI supercomputer. Funding details and investor confidence: The latest funding round was led by Round13 Digital Asset Fund, with participation from tech giants Nvidia and CoreWeave, signaling strong industry support for Wombo's vision. Wombo CEO Ben-Zion Benkhin hailed the investment as a validation of the company's mission...
read Sep 5, 2024AI and Automation Reshape Work: What You Need to Know
AI and automation: Distinct yet complementary technologies: Artificial intelligence and automation, often confused or used interchangeably, are separate concepts with unique capabilities and applications in modern technology. Defining automation: Automation refers to the process of setting up systems to run automatically, following predefined rules and sequences. At its core, automation is based on the simple command structure: "When this happens, do that." It's particularly useful for replacing repetitive or mundane tasks, such as sending meeting reminders or adding contacts to email lists. Many popular apps, like Calendly, have built-in automation features to streamline workflows. Cross-app automation is possible through native...
read Sep 4, 2024Meta Challenges OpenAI with Ambitious AI Assistant Push
AI assistant race heats up: Meta's CEO Mark Zuckerberg aims to make MetaAI the most used AI assistant by the end of the year, challenging OpenAI's dominance in the field. Meta has rapidly pushed its AI assistant to its 3 billion users since its debut, reaching 400 million monthly users and 40 million daily users earlier this month. OpenAI's ChatGPT currently leads with 200 million weekly active users, setting a high bar for competitors in the AI space. The aggressive promotion of MetaAI has raised concerns within the company about potential user fatigue and retention issues. User adoption challenges: Meta's...
read Sep 4, 2024Microsoft PowerPoint Embraces AI for Effortless Image Creation
AI-powered image integration in PowerPoint: Microsoft's Copilot AI brings a revolutionary approach to adding visuals to presentations, offering both stock and AI-generated images directly within the PowerPoint interface. Copilot's image integration feature is built on the DALL-E-3 model, also used by ChatGPT, ensuring a robust and reliable image generation experience. The tool provides royalty-free images that can be used exclusively within Microsoft 365 and Office apps without any licensing concerns. This feature significantly streamlines the presentation creation process, eliminating the need for manual image searches and saving valuable time. Adding stock images with Copilot: The process of incorporating pre-existing photographs...
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