Today’s top tech news: Nvidia could unseat Apple as most valuable company; Microsoft’s VP of GenAI research joins OpenAI; Adobe launches AI video tools
Analysts believe tech companies have a compulsion to continue spending on AI for fear of getting left behind which is helping Nvidia’s case. Same for TSMC, which produces Nvidia’s processors as they are expected to report a 40% leap in quarterly profit because of high demand. Nvidia’s next-generation Blackwell chips have been delayed until the fourth quarter which has impacted companies building AI tools but the Jensen Huang-led company has downplayed the impact currently.
OpenAI has recently seen a string of high-profile departures along with their chief technology officer Mira Murati in September. Microsoft said that they were excited to continue working with Bubeck through his duties in OpenAI to advance the goal of reaching Artificial General Intelligence or AGI.
Company chief technology officer, Ely Greenfield has said that the focus was on making sure the footage produced is realistic enough to blend in with regular shots and can be used everyday by video creators and editors. On the other hand, ByteDance’s TikTok and Meta has also said that they will be releasing AI video tools in the upcoming months. Adobe’s image generation model is already being used by client companies like Pepsi Co.-owned Gatorade and toy-maker Mattel.
Published - October 15, 2024 01:09 pm IST
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