NVIDIA’s Financial Triumph: Soaring Profits and Unprecedented Growth Amid AI Boom

NVIDIA has defied expectations with staggering growth across the board, riding the wave of the artificial intelligence boom. The tech giant's profits soared by an astonishing 265%, while net income experienced an astronomical surge of 769%. As a result, NVIDIA's shares witnessed an impressive 10% surge in the aftermath of the report. NVIDIA, a prominent player in the tech industry,…

SoftBank’s ambitious venture aims to produce artificial intelligence chips

SoftBank Group's visionary founder, Masayoshi Son, is embarking on a colossal mission to secure a staggering $100 billion in funding for a groundbreaking venture, codenamed Izanagi. This ambitious project seeks to revolutionize the artificial intelligence (AI) landscape by establishing a formidable presence in the production of cutting-edge AI chips, placing itself in direct competition with industry giant Nvidia. The move…

Google renames Bard to Gemini and launches the most powerful Ultra 1.0 yet

Shortly after the launch of Gemini, Google's ambitious language model, the tech giant is already introducing its successor - Gemini 1.5. Unlike its predecessor, Gemini 1.5 is initially targeting developers and enterprise users, with a consumer rollout planned later. Google positions Gemini as a versatile tool, serving as a business companion, personal assistant, and everything in between. Gemini 1.5 Pro:…

Regulatory Credits: A Lucrative Side Business At The Expense Of Regulatory Incentives

Tesla's Lucrative Business Model In an unexpected turn of events, Tesla, known for its exclusive focus on pure Battery Electric Vehicles (BEVs), has amassed a staggering $9 billion since 2009 by assisting competitors in selling internal combustion engine cars. This unconventional revenue stream, primarily driven by regulatory credits, has become a significant source of income for Elon Musk's tech-forward company.…

Tim Cook on headset launch day: “Apple Vision Pro costs $3,500 because it’s the technology of the future, the iPhone introduced us to the mobile computer”

On the day of the highly-anticipated launch of Apple's Vision Pro headset, Tim Cook, the CEO of Apple, took the stage in New York to share his insights with ABC reporters. Cook enthusiastically spoke about the future possibilities of this cutting-edge device. A Spatial Revolution: The First Spatial Computer "I think it [Apple Vision Pro] will be used in many…

USPTO Asserts: AI Cannot Be Listed as Inventors, but Humans Can Leverage AI Tools for Patents

The U.S. Patent and Trademark Office (USPTO) has declared that artificial intelligence (AI) systems cannot be named as inventors in patent applications. The recent guidance, following public hearings, emphasizes that individuals can utilize AI tools in the inventive process but must disclose this information during patent registration. AI's Role in Inventions: Limited Recognition The USPTO underscores that while AI and…

Artificial intelligence companies lost $190 billion in market value after Google and Microsoft reports

In a surprising turn of events, the quarterly reports from tech giants Google and Microsoft have sent shockwaves through the artificial intelligence (AI) landscape, resulting in a staggering $190 billion loss in market capitalization for AI-related companies. Google's Ad Revenue Stumble Rattles AI Market Alphabet, Google's parent company, experienced a 5.6% drop in shares after its December ad revenue failed…

Stellantis Drives into the Future: Peugeot Cars to Revolutionize Communication with ChatGPT

Paris, January 30, 2024 - In a groundbreaking move, French automotive giant Peugeot, under the Stellantis umbrella, has unveiled plans to transform the driving experience through the integration of ChatGPT into its cars and vans. This announcement places Peugeot in league with industry competitors Volkswagen and Mercedes-Benz, all leveraging the capabilities of the increasingly popular AI chatbot. Jérôme Micheron, Peugeot's…