The relentless stream of AI headlines makes it hard to get a sense of which businesses are real winners in the AI boom—and which will win in the longer run. To help answer this question The Economist has looked where value has accrued so far and how this tallies with the expected sales of products … Read more
In recent weeks, some of the best-known players in artificial intelligence have intensified their efforts to gain dominance in the AI space. Anthropic, a startup backed by Google and Amazon, launched Claude 3 Opus. Google launched Gemini, but is back to the drawing board after facing complaints. Meta is spending billions to create AGI, or … Read more
At the same time, big tech’s sales of AI software remain small. In the past year AI has accounted for only about a fifth of the growth in revenues at Azure, Microsoft’s cloud-computing division, and related services. Alphabet and Amazon do not reveal their AI-related sales, but analysts suspect they are lower than those of … Read more
An Nvidia employee posted this note on Team Blind, a platform that lets verified employees discuss issues anonymously. To be sure, Nvidia—a chip manufacturer that has been in the news recently after its market capitalization surged to over $2 trillion, thereby becoming the third most valuable US-listed firm behind Microsoft and Apple—does not fly its … Read more
In a recent economic forum held at Stanford University, Nvidia’s Chief Executive, Jensen Huang, sparked discussions by suggesting that artificial general intelligence (AGI) could potentially emerge within the next five years, depending on the definition of the goal. Huang’s remarks come amid Silicon Valley’s persistent pursuit of creating computers capable of human-like thinking. During the … Read more
The shares of Dell Technologies jumped a record 25% on Friday propelled by optimistic projections foreseeing an upswing in the demand for information technology equipment to capitalize on the flourishing artificial intelligence (AI) trend. The market boost will help to add another $17.7 billion to Dell’s market value as it climbed to $118.8 on Friday. … Read more
Amazon.com founder Jeff Bezos, Nvidia and other big technology names are investing in startup Figure AI that develops human-like robots, Bloomberg News reported on Friday, citing people with knowledge of the situation. Figure AI, also backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675 million in a funding round that carries a pre-money valuation … Read more