The post Nvidia’s shares hit record levels amid rising AI demand appeared first on AIBC.
]]>On Monday, Nvidia’s stock climbed 2.4 percent, closing at a record high of $138.07. This impressive leap surpassed its previous peak of $135.58, set in June. Its shares have surged nearly 180 percent throughout the year and have skyrocketed more than nine-fold since the beginning of 2023.
As the generative AI revolution, which took off with OpenAI’s release of ChatGPT in November 2022, continues to grow, Nvidia’s products have become essential. The company’s Graphics Processing Units (GPUs) are the engines that power advanced AI models, making it a key player in the global race to develop AI technologies.
Nvidia’s revenue growth has been astonishing. Over the past five quarters, its revenue has more than doubled, and in some cases, it has tripled. For the quarter ending in October, analysts project a growth rate of about 82%, which translates to $32.9 billion. While growth is expected to slow modestly, the demand for AI infrastructure remains strong. Its market cap currently stands at an astonishing $3.4 trillion, making it the second-most valuable publicly traded company in the US, behind Apple, which sits at about $3.55 trillion.
When it comes to AI training and inference chips, Nvidia holds about 95 percent of the market share, according to analysts at Mizuho. Competitors like AMD and Intel have made some progress, but Nvidia remains the undisputed leader.
Microsoft has been a frontrunner in AI investments, particularly through its partnership with OpenAI. Meta is also betting big on AI, using Nvidia’s technology to power its own AI-driven services. Google, a leader in AI research, has been one of Nvidia’s top customers, leveraging GPUs to enhance its AI-driven search algorithms and cloud services. Amazon Web Services (AWS), the dominant player in cloud computing, has been expanding its AI capabilities, again with Nvidia’s GPUs at the core.
Nvidia’s upcoming Blackwell GPU is already generating enormous excitement. CEO Jensen Huang recently referred to demand for Blackwell as “insane.” The company anticipates billions in revenue from this next-gen chip by the fourth quarter. Blackwell is expected to bring unprecedented performance improvements, further solidifying Nvidia’s lead in the AI chip market.
Nvidia has several new product launches planned, including next-generation GPUs and AI-focused solutions. The company’s long-term growth potential remains strong, as AI continues to reshape industries around the world.
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]]>The post AMD challenges Nvidia and Intel with new AI and server CPUs appeared first on AIBC.
]]>One of the major highlights of AMD’s announcements was its 5th Gen EPYC central processing units (CPUs), designed for servers. These new chips are built to deliver exceptional performance in data-intensive applications like video transcoding and high-performance computing. The new EPYC 9965 chips are positioned as a response to Intel’s Xeon server chips, with AMD claiming significant performance advantages. According to AMD, the EPYC 9965 chips, priced at $14,813, outpace Intel’s 5th Gen Xeon chips in several key areas.
Another key product launched at the event was the Instinct MI325X AI accelerator, a chip designed to power data centres handling AI workloads. The MI325X is packed with advanced features, including 256GB of HBM3E memory, which is crucial for handling large AI models and datasets. It also boasts superior memory bandwidth compared to its rivals, making it ideal for demanding AI applications.
AMD did not shy away from comparing the MI325X to Nvidia’s H200 AI chip. According to AMD, the MI325X offers 1.8 times higher memory capacity and 1.3 times greater bandwidth, positioning it as a strong alternative to Nvidia’s widely used AI accelerator in data centres.
AMD also introduced the Ryzen AI PRO 300 series, which brings AI capabilities to enterprise PCs. The Ryzen AI PRO 300 processors are built to meet the growing demand for AI-powered features in personal computers. These chips are targeted at businesses and enterprises that require advanced AI capabilities, such as enhanced security and productivity tools.
AMD claims that its high-end Ryzen AI 9 HX PRO 375 outperforms Intel’s Core Ultra 7 165U, offering 40% better AI performance and 14% faster productivity. However, it is important to note that Intel has already announced its next-gen Core Ultra chips, which will likely intensify the competition in this space.
AMD has made significant strides in the data centre market, with its AI chips and server CPUs gaining traction among enterprises. In its most recent quarter, AMD reported a 115% year-over-year increase in Data Centre sales, reaching $2.8 billion. This growth highlights the increasing demand for AMD’s products in a market historically dominated by Intel and Nvidia.
While AMD’s data centre growth is impressive, it still trails behind Nvidia, whose Data Centre revenue hit a staggering $26.3 billion, up 154% year-over-year. Meanwhile, Intel continues to face challenges, with its Data Centre revenue falling 3% year-over-year to $3 billion.
AI is driving a massive transformation in the data centre industry, with companies investing heavily in new infrastructure to support AI workloads. The rise of AI accelerators like AMD’s MI325X is a direct response to this trend, as data centres need more power to handle the increasing complexity of AI tasks.
AMD is not stopping with the MI325X. The company is already gearing up for its MI350X, set to debut in the second half of 2024. The MI350X is slated for release in late 2024, and anticipation is already building around what it could mean for AI computing and the competitive landscape between AMD, Nvidia, and Intel.
As AMD prepares to launch the MI350X, Nvidia is working with customers to deploy its next-gen Blackwell-based AI servers. These servers are designed to handle the most demanding AI workloads, positioning Nvidia as a continued leader in this space.
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]]>The post OpenAI now valued at $157 billion after latest funding appeared first on AIBC.
]]>The funding round was led by venture capital firm Thrive Capital, which put up $1.3 billion. Microsoft, OpenAI’s largest backer with $13 billion already invested, injected another $750 million in the company, according to people familiar with the matter. OpenAI also received funding from Japan’s SoftBank, Santa Clara chipmaker giant Nvidia, and Cathie Wood’s Ark Investment Management.
“The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems,” OpenAI said.
The startup’s Chief Financial Officer, Sarah Friar, said, “AI is already personalizing learning, accelerating health care breakthroughs, and driving productivity.” She termed this “just the start.”
The latest funding round marks the startup’s value nearly doubling from the reportedly $80 billion it was valued at in February this year. It is also one of the largest-ever private investments.
Funding made by the investors can be pulled out if the nonprofit OpenAI is unable to convert into a for-profit business within two years. The Microsoft-backed reportedly told investors that they cannot invest in the company’s largest private rivals like Elon Musk’s?xAI, Anthropic, and?Safe Superintelligence, among others.
Furthermore, it establishes OpenAI as one of the three largest venture-backed startups. The other two largest venture-backed startups are Elon Musk’s SpaceX and TikTok owner ByteDance Ltd. It also underscores OpenAI’s position as a frontrunner in the AI race.
The hefty investment comes as the tech industry continues pouring in money in artificial intelligence and research powering its advancement. The closing of the funds coincides with the company’s ongoing restructuring efforts and executive changes.
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]]>The post Judi Dench and John Cena to voice Meta AI chatbot appeared first on AIBC.
]]>The new audio feature will allow users to choose a voice for Meta’s ChatGPT-like digital assistant from a list of five celebrities. Apart from Dench and Cena, it will also include Kristen Bell, Awkwafina, and Keegan-Michael Key. The five stars will be training the chatbot to replicate their voices.
The update comes as Meta tries to strengthen its AI chatbot, available to users across Facebook, Instagram, WhatsApp, and Threads, to compete with other assistants, including Microsoft-backed OpenAI’s ChatGPT.
The celebrity voices will be launched in the US and other English-speaking markets this week across Meta’s apps.
This marks another attempt to use celebrity chatbots by Meta. In September 2023, it debuted with AI chatbots with ‘personality’ based on Kendall Jenner and Snoop Dogg, which was discontinued in less than a year.
Mark Zuckerberg announced the new feature during his speech at the company’s annual Meta Connect conference. He unveiled other AI advancements during his speech, including a new, less expensive version of Meta’s Quest headsets and updates to the company’s line of augmented reality RayBan glasses.
Furthermore, Meta said it will let social media influencers make AI versions of themselves. Prior to this, there was the feature where influencers could train AI to connect with their followers via chat. Now, followers will be able to have full, quasi-video calls with AI versions of the influencers using the tool.
Other notable features of Meta’s AI technology include auto-translation and dubbing foreign language reels. In addition, Meta’s AR glasses are going to go live.
Zuckerberg previewed ‘Orion,’ a prototype for an advanced pair of glasses that contain the power of an AR headset in a normal-looking pair of glasses.
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]]>The post Genius Sports launches AI platform in Danish League appeared first on AIBC.
]]>Genius Sports and the Danish League are focused on a fan-first strategy that leverages AI technology to create a more engaging, interactive, and data-rich football environment. The partnership kicked off in 2021 with the introduction of tracking cameras in stadiums, providing a foundation for real-time data collection and AI-driven insights.
GeniusIQ takes the raw data captured by the tracking cameras and applies machine learning algorithms to translate the information into a semantic understanding of football. Essentially, it decodes the game into a language that coaches, teams, and fans can easily understand and utilise.
One of the standout features of this AI platform is that it helps coaches and analysts to track game data more deeply. Instead of spending hours researching footage, they can now access critical information such as how a full-back performs in 1v1 defensive situations or how effective a striker’s off-the-ball runs are. This level of detail helps coaches make more informed decisions both during training and in matches. With access to real-time data, coaches can adjust their game plans in minutes.
One of the most exciting innovations introduced by Genius Sports is the AI-powered broadcast feature called “Manager Mode.” This feature debuted during the Danish Cup Final between Silkeborg and AGF, giving viewers a new way to engage with the game. Manager Mode offers real-time tracking data such as player minimaps, shot speeds, and player statistics directly into the live broadcast, providing fans with a more immersive viewing experience.
Despite the clear benefits, implementing AI in top-tier sports comes with challenges. One of the biggest hurdles is aligning the needs of various stakeholders, from teams and broadcasters to sponsors and governing bodies. The Danish Super Liga, however, has laid the groundwork for successful integration by focusing on clear objectives and ensuring that everyone is on board with the AI-driven strategy.
Looking forward, the combination of AI and Augmented Reality (AR) could further enhance the viewing experience. Similar innovations are already being rolled out in other leagues like the Premier League. The future of AI in Danish football looks promising. With plans to expand the use of augmented broadcasts and AI-powered features, the Danish League is setting itself up as a leader in sports innovation.
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]]>The post Saudi Arabia aims to get Nvidia’s advanced chips by next year appeared first on AIBC.
]]>Saudi Arabia has set its sights on acquiring Nvidia’s high-performance chips, particularly the H200s. These chips are crucial for operating advanced AI models like OpenAI’s GPT-4, which powers many AI applications today. Nvidia’s latest chips are designed to handle the immense computational demands of machine learning and AI tasks. For Saudi Arabia, gaining access to these chips would open new doors to developing and deploying AI models on a much larger and more efficient scale.
In recent years, U.S. export restrictions on high-performance chips have expanded, limiting access to several nations, including Saudi Arabia. These restrictions are rooted in national security concerns, as the U.S. seeks to prevent certain countries from gaining a technological advantage that could pose a threat. For Saudi Arabia, this has been a significant obstacle in acquiring the Nvidia H200 chips, as these restrictions also cover many parts of the Middle East. However, Saudi Arabia expects to have access to Nvidia’s chips within the next year.
Abdulrahman Tariq Habib, the Deputy CEO of the Saudi Data and AI Authority (SDAIA), recently expressed the kingdom’s optimism in gaining access to Nvidia’s chips within the next year. The GAIN summit, an international AI summit held in Riyadh, serves as a platform for Saudi Arabia to showcase its growing AI ecosystem and attract international collaboration.
Speaking at the summit, he highlighted that this would be a major step forward for Saudi Arabia’s AI development plans.
Habib stated, “I think within the next year, it will ease business between Saudi and the U.S. It will also open many doors for building the capability, the computational capabilities, in the kingdom. But most importantly, it’s not only the computational capability that’s important. We worked hard in the past three years in building capacity, in human capacity, we also built data capacity as well. So, we are working and collaborating with all the international community and contributing to be one of the top active countries in data analysis.”
Saudi Arabia’s $925 billion Public Investment Fund (PIF) is at the heart of its efforts to build a robust AI ecosystem. The PIF has been in talks with American venture capital firms, including Andreessen Horowitz, to create a $40 billion fund dedicated to AI development.
Saudi Arabia’s Vision 2030 is an ambitious initiative that aims to diversify the kingdom’s economy away from oil and towards more sustainable sectors, including technology and AI. AI is set to play a critical role in this transformation, with the goal of having AI contribute 12% of the country’s GDP by 2030.
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]]>The post Where tech meets gaming: AIBC launches revamped brand appeared first on AIBC.
]]>Speaking to AIBC News, Managing Director Olga Yaroshevsky commented that, “The mission for AIBC is to bring emerging technologies closer to the iGaming industry, to educate players, regulators and business owners on the benefits of emerging tech, and to support new tech as a major facilitator for the gaming industry.”?
Serving as a bridge between emerging technologies such as AI, blockchain, Web3, and the rapidly evolving iGaming sector, AIBC’s new look reflects its broader focus on innovation. With cryptocurrencies revolutionising payments for casinos and AI enhancing responsible gaming, AIBC’s new identity and expanded tech coverage, including metaverse and digital assets, aligns with SiGMA’s global growth. This dynamic and vibrant rebranding reinforces AIBC’s commitment to becoming a key player in gaming and tech convergence worldwide.
Launched in 2018 in Malta, the inaugural summit served as a launchpad for Malta’s novel regulation on DLT, earning the country its name as the Blockchain Island, and setting the stage for mass adoption of the technology. Since then, the conference has become a globally respected nexus for an expert line up of thought leaders, government figures, and businesses to explore the future of emerging technologies and their applications.
As part of a documentary produced to celebrate the Group′s upcoming 10 year anniversary, Group Founder Eman Pulis explained that, “Based on the huge interest in blockchain in Malta, we felt there was a great opportunity to bring emerging tech closer to the world of iGaming. It was then, in 2018, that we launched the first summit for emerging tech.”
Capturing AIBC’s brand essence of strength, clarity, and precision
Speaking about the design process, Creative Manager Perpetua Kokkinou elaborated that, “With the momentum of our SiGMA World brand, it was a natural progression to elevate and refine the AIBC branding to align with this new era. AIBC and SiGMA have always worked in close synergy, making the evolution of AIBC a key milestone in our journey.?
“The rebranding, built on strong foundations and an optimised design, stands as a testament to this collaboration, ensuring that AIBC maintains a consistent design alongside the vibrant and dynamic identity of our upcoming summits, starting with our Europe Summit—the flagship event of the SiGMA World portfolio.”
?“As AIBC continues to grow and expand across global markets, attracting influential figures and industry leaders, it was essential for the brand to embody a bold, confident identity. The refreshed design, rooted in meticulously crafted graphic communication, captures AIBC’s brand essence of strength, clarity, and precision, ensuring it remains at the forefront of innovation and excellence.”
AIBC Europe 2024
AIBC Europe is closing out the SiGMA World Tour 2024 with a spectacular finale. Join us from 11-14 November at the Mediterranean Maritime Hub (MMH) for unforgettable experiences, networking opportunities, and the latest industry trends.
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]]>The post Nvidia shares suffers largest single-day value drop in U.S. history appeared first on AIBC.
]]>Despite delivering strong financial results for the second quarter 2024, Nvidia, the American semiconductor giant, has triggered a wave of unease in the market. Following the Q2 reports published on 28 August, the company’s shares dropped by 7 percent, wiping out $200 billion in market capitalisation. Then, on 3 September, shares plunged nearly 10 percent, wiping almost $300 billion—the largest single-day value drop in U.S. stock market history.
End of August, Nvidia reported a revenue increase of 122 percent year-over-year, reaching $30 billion for the quarter ending in July. While this figure surpassed the expectations of many analysts, who had forecasted $28.8 billion, it fell short of the most optimistic projections that anticipated up to $38 billion. This prompted a strong reaction on Wall Street, causing Nvidia’s stock to plummet as concerns spread throughout the tech sector.
The market’s response reflects the high bar set for Nvidia, which had previously seen its revenues triple in recent quarters. This reaction was not confined to Nvidia alone, other companies in the AI sector, including Broadcom, Advanced Micro Devices, Microsoft, and Amazon, also saw their stock prices decline, collectively losing hundreds of billions of dollars in market value.
Nvidia, however, remains the leader in the AI chip market, thanks to its advanced graphics processing units (GPUs), which are crucial for AI development. Its popular Hopper microprocessors, like the H100, are in high demand, and the upcoming Blackwell GPU series is expected to strengthen Nvidia’s market position even further.
Nvidia’s recent stumble shows growing investor anxiety about the sustainability of AI-driven growth. Nvidia’s recent dip is a sign of expectations catching up with reality, as the company faces the challenge of maintaining its extraordinary growth trajectory in an increasingly competitive landscape.
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]]>The post Brazil on brink of banning Elon Musk’s X appeared first on AIBC.
]]>On Thursday, X announced via a post that it anticipated being shut down in Brazil because it refused to comply with what it called “illegal orders” from Judge de Moraes to censor political opponents. The platform’s Brazil office was closed last week, with X claiming it received a “secret order” from de Moraes demanding the removal of certain accounts. The company also revealed that after its legal representative resigned, the judge froze her bank accounts.
X criticised the judge’s actions as “manifestly illegal” and stated its intention to publish all related court orders and filings to ensure transparency.
Musk, who identifies as a free speech advocate, has repeatedly clashed with de Moraes, accusing him of censorship. Meanwhile, the judge argues that his actions are necessary to protect democracy from misinformation and hate speech, often propagated by far-right groups.
In a provocative move, Musk posted an AI-generated image of de Moraes behind bars, captioned, “One day, @Alexandre, this picture of you in prison will be real. Mark my words.” Musk also accused de Moraes of being “a criminal wearing judge’s robes like a Halloween costume.”
Musk’s attacks on de Moraes have drawn criticism from various quarters of Brazil’s political landscape. President Luiz Inácio Lula da Silva has positioned Musk as out of touch, with Supreme Court President Luís Roberto Barroso suggesting that Musk’s defence of free speech is more about promoting a business model based on hate and sensationalism than genuine concern for democratic principles.
In a related development, Musk’s satellite network, Starlink, reported that it had been blocked from conducting financial transactions in Brazil following an order from de Moraes. The move is believed to be part of an effort to collect fines imposed on X for failing to comply with court orders.
This conflict with Brazil is just one of several recent international incidents involving Musk. Earlier this month, he criticized UK Prime Minister Sir Keir Starmer and engaged in a public spat with Venezuela’s President Nicolás Maduro, which led to X being blocked in Venezuela for 10 days. Additionally, Musk has been struggling to keep X financially viable, with many advertisers abandoning the platform due to his lenient moderation policies and unpredictable behaviour.
The potential ban in Brazil comes at a time when there is global debate over the responsibilities of social media platforms in balancing freedom of expression with the need to protect users from harmful content. Judge de Moraes, while controversial, is credited by some with defending Brazil’s democracy, especially during the 2022 elections when former President Jair Bolsonaro and his supporters questioned the integrity of the country’s electronic voting system. However, Bolsonaro’s supporters argue that de Moraes has unfairly targeted conservatives and restricted free speech.
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]]>The post Impact of artificial intelligence on Aerospace Engineering appeared first on AIBC.
]]>LH: Can you share something about your journey into the field of Aerospace Engineering and what inspired you to choose this path?
Dr Leonardo Barilaro: My fascination with space began at a young age. When I was 9 years old, I was captivated by the cosmos, inspired by figures like Isaac Asimov, and simultaneously enchanted by the world of music. This unique blend of interests led me to pursue both a music degree and an engineering education. My academic path included a PhD in Sciences, Technologies, and Measurements for Space from the University of Padua (Italy), this experience provided a solid foundation in aerospace engineering, allowing me to conduct in-depth research on critical areas like space debris mitigation. Today, as a researcher focused on hypervelocity impacts and aerospace structures, I aim to bridge the gap between academia and industry. My research continues to explore
innovative solutions for aerospace challenges and my work has been recognized through presentations
at international conferences and over 30 academic publications. My unique blend of artistic and scientific pursuits has led me to be known as the “Space Pianist”. I create what we can call Space Music, that combines the expressive power of the piano with electronic elements. My music serves as a bridge between the worlds of art and science, inspiring others to look
beyond our planet and embrace the wonders of the cosmos.
LH:?How do you see the role of Artificial Intelligence evolving in the Aerospace industry, particularly in relation to projects like ASTROBEAT?
Dr Leonardo Barilaro: Artificial Intelligence has the potential to transform the aerospace industry in numerous ways. In the context of projects like ASTROBEAT, AI can be employed for real-time damage assessment, optimal repair planning and autonomous execution of repair tasks. Furthermore, AI can be utilized for predictive maintenance, optimizing spacecraft operations and enhancing mission efficiency.
LH: What do you think are the biggest challenges or potential risks in integrating AI with Aerospace projects?
Dr Leonardo Barilaro: While AI offers immense potential to revolutionize the aerospace industry, integrating it into complex
and critical systems presents huge challenges. Safety and Reliability is paramount. Unlike human errors, which are often predictable and can be mitigated through training and procedures, AI errors can be more elusive. Black-box
models, where the decision-making process is opaque, make it difficult to understand why an AI system made a particular choice. Ensuring the reliability and safety of AI systems in high-stakes environments like aerospace requires rigorous testing, validation and continuous monitoring. Data Quality and Quantity is another critical factor. AI models are heavily reliant on data, and
the quality and quantity of data available can significantly impact their performance. In the aerospace industry, data can be scarce, noisy, or biased, which can lead to inaccurate models and unexpected outcomes.
Ethical Considerations also come into play. As AI systems become more autonomous, questions arise about accountability, transparency and potential biases in the data used to train these models. Ensuring that AI systems are developed and deployed ethically, above all for military applications in space, is crucial to maintaining public trust. Furthermore, the integration of AI into existing systems can be complex and time-consuming. Aerospace systems are often legacy systems with stringent safety requirements, making it challenging to incorporate new AI technologies without compromising reliability.
LH: What advice would you give to young researchers who aspire to contribute to the field of Aerospace Engineering and AI?
Dr Leonardo Barilaro: For young researchers aspiring to contribute to aerospace engineering and AI, I would emphasise the importance of building a strong foundation in both fields. Interdisciplinary knowledge and skills are essential for tackling the complex challenges that lie ahead. As society and technology rapidly evolve, this convergence is increasingly important, just look at the transformative impact of companies like SpaceX and Tesla over the past 15 years. In addition to technical expertise, cultivating a passion for innovation and a willingness to embrace new technologies are vital. The aerospace industry is at the cutting edge of technological advancements, and those who can think creatively and adapt to new developments will be well-
positioned to make significant contributions.
Collaboration is another key component of success. Working with experts from different disciplines can provide new perspectives and insights, leading to more innovative solutions. Seek out opportunities to gain practical experience through internships, research projects and collaborations.
These experiences not only enhance your skills but also expand your professional network, which can be invaluable as you progress in your career. Persistence and resilience are equally important. The path to becoming a successful aerospace engineer is often challenging, with setbacks and failures along the way. However, these obstacles are also opportunities for growth. Learning from failures and pushing through difficult times will strengthen your resolve and lead to greater rewards.
AIBC spoke with Dr Leonardo Barilaro. His academic path includes a PhD in Sciences, Technologies and Measurements for Space from the University of Padua in Italy.? His research continues to explore innovative solutions for aerospace challenges and my work has been recognized through presentations at international conferences and over 30 academic publications. He heads the ASTROBEAT project in Malta.? His unique blend of artistic and scientific pursuits has led me to be known as the “Space Pianist”. He says that his music serves as a bridge between the worlds of art and science, inspiring others to look beyond our planet and embrace the wonders of the cosmos.
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