Month: July 2024

TLDR: Bank of America analysts issued a warning on Nvidia stock and other AI-related equities due to concerns of overhyping and excessive concentration of equity returns in a handful of AI stocks. The market’s performance relies heavily on these stocks, and profit-taking is anticipated in mega-capitalization tech companies during the second half of the year. … Read more Bank of America issues key warning on Nvidia and AI stocks.

“`html People Prefer AI in Fairness-Related Decisions | Neuroscience News TLDR: 60% of participants prefer AI over humans for redistributive decisions. Despite the preference for AI, participants found AI decisions less satisfying and fair. Key Elements A new study revealed that people prefer AI over humans for redistributive decisions, highlighting transparency and accountability in AI … Read more AI is the preferred choice for fairness decisions among people.

TLDR: TechCrunch is part of the Yahoo family of brands, which includes Yahoo and AOL. When using their sites and apps, cookies are used to provide services, authenticate users, prevent spam, and measure usage. In this article, TechCrunch, as part of the Yahoo family of brands, explains how they use cookies on their sites and … Read more Tesla, OpenAI’s successor: Andrej Karpathy uses AI for educational innovation

TLDR: In a new study, scientists have developed an AI method called AI-NERD that creates material fingerprints using X-ray photon correlation spectroscopy (XPCS) and machine learning. This technique helps researchers understand how materials evolve over time and when they are stressed and relaxed. Key points: Scientists have developed a new AI method called AI-NERD to … Read more New AI creates material ‘fingerprints’.

TLDR: Broadcom leads in custom AI chip business for specific workloads. Strong relationships with key customers give Broadcom a competitive advantage. Broadcom Likely To Keep Custom AI Chip Lead Broadcom is leading in making custom AI chips optimized for specific workloads, a market where Nvidia is not as dominant. The company’s status as the top … Read more Broadcom set to maintain AI chip lead due to experience.

Article Summary TLDR: Key Points: TechCrunch is part of the Yahoo family of brands Cookies are used on their sites and apps for various purposes The article discusses how TechCrunch is a part of the Yahoo family of brands, which includes sites and apps like Yahoo and AOL, as well as the digital advertising service, … Read more YouTube Music gets smart with AI radio and song recognition.

Apple Stock Hits New High TLDR: Apple stock hits a new high as investment firms increase price targets. Analysts predict Apple could reach a market cap of nearly $5 trillion with the release of AI iPhones. Apple’s stock price reached a new record high on Monday after two investment firms raised their price targets for … Read more Apple stock skyrockets on AI iPhone hype. Analysts foresee $5T valuation.

TLDR: Companies are spending large amounts of money on AI accelerators and chips for AI training and inference clusters. Estimates for the total addressable market for AI chips in the datacenter range from $30 billion in 2023 to over $400 billion by 2027. Everybody knows that companies, particularly hyperscalers and cloud builders but now increasingly … Read more Unveiling the never-ending quest for AI chip funds.

TLDR: Experts suggest that U.S. trade restrictions on advanced chips are slowing China’s AI development, potentially widening the gap between the two countries. Despite strong demand for Nvidia’s H20 chip, trade restrictions are hindering China’s improvement of large language models. Chinese companies are turning to Huawei’s Ascend chip as a long-term solution, but capacity for … Read more AI gap widening between U.S. and China, warn experts.