As the week comes to a close, we take a look back at some of the biggest stories that have shaped the world of artificial intelligence (AI). From Elon Musk’s criticism of OpenAI to Apple’s innovative AI tool, Nvidia’s market cap triumph, Ark Invest’s strategic portfolio adjustments, and Jim Chanos’ caution on Nvidia, we’ve got you covered.
Tech mogul Musks’ jab at OpenAI – Elon Musk, co-founder of OpenAI and founder of xAI, once again expressed his dissatisfaction with the organization, particularly its transition from a non-profit open source model to a profit-oriented closed source structure. Musk has criticized the AI startup for its collaboration in the past Microsoft Corp. MSFT. Read the full article here.
Apple Keyframer: A marvel at turning text into animation – Tech giant The Apple company. AAPL has added a new gem to its AI portfolio. The company’s latest tool, Keyframer, allows users to animate static images using simple text instructions, making it a potentially revolutionary tool in the field of artificial intelligence. Read the full article here.
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Nvidia surpasses Google and Amazon – AI rally gained momentum Nvidia Corporation NVDA past Alphabet Inc. GOOGLE AND Amazon.com, Inc. AMZN in terms of market capitalization, making it the fourth most valuable company in the world. Nvidia’s H100 AI processor, which powers many large language models, is highly sought after in the market. Read the full article here.
Renewal of the Ark Invest portfolio – Cathie Wood led Ark Investing has made significant changes to its portfolio, increasing its holdings in Tesla Inc TSLA AND META Platforms Inc HALFand reducing its holdings in Coinbase Global Inc CURRENCY AND NVIDIA Corp NVDA. This move reflects Ark Invest’s strategic response to market developments and future growth prospects. Read the full article here.
Jim Chanos’ warning about Nvidia’s rally – Despite by Nvidia Corp NVDA impressive increase, concerns began to emerge. Prominent short seller Jim Chanos pointed out a potential red flag after UBS analyst Timothy Arcuri reported a decrease in delivery times for Nvidia chips. Read the full article here.
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