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An illustration of US and Chinese flags in front of a circuit board with semiconductor chips.

REUTERS/Florence Lo/Illustration/File Photo

China wants its companies to ditch Nvidia

Nvidia’s highest-end chips are off-limits to Chinese companies due to strict export controls from the US. That hasn’t stopped developers from either buying lower-grade chips or finding the best chips in underground markets, but that may soon change.

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FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023.

REUTERS/Dado Ruvic/Illustration/File Photo

Nvidia’s high-flying earnings aren’t good enough

Nvidia’s earnings reports have become a cultural phenomenon, with super-fan investors even throwing watch parties to tune into how high-flying the chip maker’s marks will be each quarter.

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Two hands touching each other in front of a pink background

Photo by Igor Omilaev on Unsplash

Hard Numbers: Automate this, Everything’s expensive, Chips delayed, Intel cuts costs, Groq on the rise

30: By 2030, work tasks that currently take up to 30% of US work hours will be automated with AI, according to a new report by the McKinsey Global Institute. While it will likely eliminate jobs in customer service and office support, it should bolster STEM, creative, and legal professions, McKinsey said.
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A photo illustration of a smartphone displaying the NVIDIA Corporation stock price on the NASDAQ market, with an NVIDIA chip visible in the background.

Jonathan Raa/NurPhoto via Reuters

A chip bottleneck

Margrethe Vestager, the European Union’s competition chief, has warned of a “huge bottleneck” involving Nvidia. The US semiconductor company plays a pivotal role in designing chips necessary for training and running artificial intelligence models and applications — good for 80% of the market. In recent months, Nvidia has become a $3.1 trillion company — now the third-most-valuable firm in the world behind only Microsoft and Apple.

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Nvidia logo in Taipei, Taiwan.

Reuters

Hard Numbers: Nvidia soars, Salesforce’s UK investment, step up for your eye exam, More millionaires (more problems?), Apple’s rebound

3 trillion: Nvidia stock briefly surpassed $3 trillion in market capitalization this week ahead of a 10-for-1 stock split that’ll make their share price much cheaper. The chipmaker, which is the third most valuable company in the S&P 500 behind Microsoft and Apple, has become a major beneficiary of the AI boom because of its powerful GPU chips. Stock splits don’t affect the value of a company’s stock, but make the share price more palatable for retail investors.
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Malawi's Vice President Saulos Klaus Chilima arrives at a polling station in Lilongwe, Malawi May 21, 2019 in this still image obtained from REUTERS TV video.

REUTERS TV/Eldson Chagara/via REUTERS

Hard Numbers: Malawi VP’s dead in plane crash, Swiss-hosted Ukraine peace summit, Gaza pier aid paused, Nvidia stock split, Snow in Alabama

10: Malawi’s Vice President Saulos Chilima was one of 10 people killed in a military plane crash after taking off from the capital Lilongwe early Monday. The official search investigation launched after Chilima’s plane “went off the radar” was concluded on Tuesday after the rescue team found the wreck in a mountainous area with no survivors.

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AMD chairman and CEO Lisa Su delivers the first AI keynote speech in Computex in Taipei on June 3, 2024.

(Jameson Wu/EYEPRESS)

AMD’s big plans

AMD has big plans to challenge Nvidia’s dominance in the AI chip market. At a trade show in Taipei on June 3, AMD unveiled its MI325X accelerator chip, which will be available by the fourth quarter of the year. It also stated plans to launch two additional chips, one in 2025 and one in 2026.

Nvidia dominates the chip market with about 70% market share, but AMD along with Intel and other chipmakers, want to make a dent in their rival’s sales. Meanwhile, reports suggest that Meta and Google are building their own chips while OpenAI chief Sam Altman is trying to raise money for a chip venture of his own.

Google's Gemini home page displayed on a smartphone in a photo illustration.

Jonathan Raa/Sipa USA via Reuters

Hard Numbers: Pay for Google?, Indonesian investment, Amazon walks out on AI, Scraping YouTube

175 billion: Google said it made $175 billion in revenue from its search engine and related advertising last year, but is it ready to risk the golden goose? The company is reportedly considering charging for premium features on its search engine, including AI-assisted search (its traditional search engine would remain free). We’ve previously tested Perplexity, one of the companies trying to uproot Google’s search dominance with artificial intelligence, and you can read our review here.

200 million: The chipmaker Nvidia is teaming up with Indonesian telecom company Indosat to build a $200 million data center for artificial intelligence in the city of Surakarta, according to Indonesia’s communications minister. This news comes weeks after AI played a central role in the country’s presidential election, and it represents a major investment from one of the world’s richest tech companies in a key emerging market as Indonesia seeks to modernize its economy.

1,000: Amazon’s Just Walk Out in-store AI system for cashier-less grocery store checkout relied heavily on more than 1,000 contractors in India manually checking that the checkout transactions were accurate. Now, Amazon has announced it’s ditching the technology, which was being used in 60 Amazon-branded grocery stores and two Whole Foods stores.

1 million: One OpenAI team reportedly transcribed more than 1 million hours of YouTube videos to train its GPT-4 large language model. The company built a speech recognition tool called Whisper to handle the massive load, a move that may have violated YouTube's terms of use. YouTube parent company Google is a major rival to OpenAI in developing generative AI. Google hasn’t filed suit yet, but legal action could eventually come.

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