The past week has been a flurry of headlines about artificial intelligence (AI). From Nvidia’s impressive third-quarter results to Elon Musk’s bold predictions about AI, the world of technology is buzzing with exciting developments. Hollywood is also preparing for a new era of AI, with Jim Cramer increasing his bullish outlook on Nvidia. Meanwhile, Chinese tech giants are expanding their AI footprint in Silicon Valley. Let’s take a look at the details.
Nvidia’s third-quarter profit exceeded expectations
Nvidia Inc. NVDA Third quarter revenue continued to exceed expectations. The tech giant reported a 94% year-over-year increase in revenue to $35.1 billion, beating the street consensus estimate of $33.12 billion. Despite the supply constraints, CEO Jensen Huang remains optimistic about the future of AI. Read the full article here.
Elon Musk predicts AI will surpass doctors and lawyers
Elon Musk made a bold prediction about the future of AI. Following a study showing that OpenAI’s ChatGPT-4 outperformed medical professionals in diagnosing diseases, Musk believes that AI will soon surpass doctors and lawyers. The study reported 90% accuracy for AI, compared to 76% accuracy for physicians using ChatGPT and 74% accuracy for physicians relying on traditional resources. . Read the full article here.
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Ben Affleck and Matt Damon think AI is the next big thing in Hollywood
Ben Affleck believes AI will be Hollywood’s next big disruptor. Speaking at CNBC’s Delivering Alpha Summit, Affleck downplayed concerns that AI will replace human creativity, instead suggesting that the technology will reinvent the costly and uncreative aspects of filmmaking. suggested that it would be built. Read the full article here.
Jim Cramer doubles down on Nvidia
After Nvidia’s impressive third-quarter earnings report, CNBC’s Jim Cramer and Wall Street analysts are increasingly bullish on the company. Cramer cited Nvidia’s high return on investment as the main reason why big tech companies “have no choice but to buy Nvidia chips.” Read the full article here.
Chinese tech giant expands AI footprint in Silicon Valley
Chinese technology companies including Alibaba BabaByteDance and Meituan are reportedly expanding their AI teams in Silicon Valley. The move is part of a broader effort to attract top U.S. talent and gain an edge in the lucrative field of AI. Read the full article here.
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This story was generated using Benzinga Neuro and edited by Rounak Jain.
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