The past week has been a rollercoaster ride in the tech world, with AI taking center stage. From Palantir Technologies Inc. PLTR showcasing its AI prowess to Nvidia Corporation NVDA chips being smuggled into China, the week was filled with thrilling developments. Let’s dive into the top stories.
Palantir’s AI Revolution
Palantir Technologies Inc. had a “game changer” quarter, according to Wedbush Securities analyst Dan Ives. He hailed Palantir as the “Messi of AI,” stating that the company’s recent performance is a testament to the beginning of the AI revolution. Ives sees Palantir as one of the top players in the AI market, with use cases for its AI solution exploding globally. Read the full article here.
Nvidia’s AI Chips in China’s Military
Nvidia Corporation’s advanced AI chips are reportedly being smuggled into China, potentially aiding the Chinese military’s technological progress. This is happening despite a U.S. blockade aimed at curbing China’s AI development. The New York Times reported that smugglers are supplying Nvidia’s most advanced chips to state-affiliated groups in China. Read the full article here.
See Also: Jeff Bezos Once Said ‘Life’s Too Short To Hang Out With People Who Aren’t Resourceful’
Joe Lonsdale on AI’s Impact
Joe Lonsdale, co-founder of Palantir Technologies Inc., shared his thoughts on the influence of AI on businesses and the future of big tech. While acknowledging Palantir’s success amid market volatility, he also discussed whether this success is exclusive to Palantir or indicative of a wider industry trend. Read the full article here.
China’s New AI Chip Surpasses Nvidia’s
A team of scientists from Beijing has unveiled the world’s first fully optical artificial intelligence chip, surpassing the energy efficiency of Nvidia Corp.’s H100 GPU. The Taichi-II chip, developed by a team from Tsinghua University, operates entirely on light, leading to a substantial increase in efficiency and performance. Read the full article here.
Nvidia’s Chip Launch Delayed
Nvidia Corporation has reportedly encountered delays in the production of its upcoming AI chips due to design issues. This setback is expected to impact major clients including Meta Platforms Inc., Alphabet Inc.’s Google, and Microsoft Corporation. Read the full article here.
Read Next:
This story was generated using Benzinga Neuro and edited by Rounak Jain
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
