TLDR:
- OpenAI has launched the ‘o1’ model, a significant step towards human-like AI.
- NVIDIA’s CEO addressed investor concerns, providing updates on AI demand and Blackwell products.
Key Elements:
The past week saw significant developments in the tech world, particularly in the field of artificial intelligence (AI). OpenAI introduced the ‘o1’ model, which represents a leap towards achieving human-like AI. Despite being slower and costlier than previous models, ‘o1’ excels in writing code and solving complex problems. The company also announced a more affordable version, ‘o1-mini’, with plans to offer it to free ChatGPT users in the future.
NVIDIA’s CEO, Jensen Huang, provided updates on AI demand and Blackwell products during a speech at a technology conference. Investors and analysts responded positively to the update, noting the promising outlook for the company.
Sergey Brin, co-founder of Alphabet Inc., admitted that Google was hesitant in deploying language models, despite being pioneers in the field. Brin attributed this caution to a fear of making mistakes and causing embarrassment. Additionally, OpenAI CEO, Sam Altman, faced backlash over new voice features introduced in the ‘o1’ model.
Nvidia Corp. shares regained momentum following a brief decline, with analysts expressing confidence in the stock’s valuation. Chris Grisanti, chief equity strategist at Mai Capital Management, is optimistic about Nvidia’s future performance, citing reasonable valuation and resilience in the face of potential economic challenges.