HomeMarket NewsElon Musk Taunts OpenAI, Apple's Animation, Nvidia's Triumph, Ark's Strategy Revamp And...

Elon Musk Taunts OpenAI, Apple's Animation, Nvidia's Triumph, Ark's Strategy Revamp And More: This Week In AI

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Elon Musk’s Disdain for OpenAI, Apple’s Animation Tool, Nvidia’s Soaring Market Cap, Ark’s Revised Strategy, and Jim Chanos’ Caution on Nvidia: A Week in AI

Elon Musk’s Critique on OpenAI’s Evolution

Renowned tech entrepreneur Elon Musk, who co-founded OpenAI and established xAI, has once again expressed discontent with the organization’s shift from a non-profit, open-source model to a profit-centric, closed-source framework. Musk has previously censured the AI startup, particularly disapproving of its partnership with Microsoft Corp.

Apple’s Trailblazing Innovation: Keyframer

Apple Inc. has introduced an innovative addition to its AI repertoire – Keyframer. This cutting-edge tool empowers users to animate static images utilizing elementary text prompts, potentially revolutionizing the domain of AI.

Nvidia Surpasses Google and Amazon in Market Valuation

The AI upsurge has propelled Nvidia Corporation to surpass Alphabet Inc. and Amazon.com, Inc. in terms of market capitalization, now ranking as the world’s fourth most valuable company. Nvidia’s H100 AI processor, a key force behind numerous Large Language Models, is in high demand in the market.

Strategic Overhaul at Ark Invest

Cathie Wood-led Ark Invest has executed substantial modifications to its portfolio, augmenting its holdings in Tesla Inc and META Platforms Inc, while reducing stakes in Coinbase Global Inc and Nvidia Corp. These changes signify Ark Invest’s strategic response to market dynamics and prospective growth.

Jim Chanos’ Cautionary Note on Nvidia’s Ascend

Noted short seller Jim Chanos has raised concerns about Nvidia Corp.’s impressive upturn. UBS analyst Timothy Arcuri’s report on reduced lead times for Nvidia’s chips has prompted speculation over a potential red flag amid the company’s rally.

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