The technology world was dominated by big developments in the field of artificial intelligence (AI) last week. From Goldman Sachs’ views on the growth of the AI tech sector to Nvidia’s ambitious plans, this week was full of interesting news. Here’s a quick rundown of the top stories that made headlines.
Goldman Sachs’ view on the AI technology sector
Despite the strong growth and investor interest in artificial intelligence stocks, analysts at Goldman Sachs dismissed the notion that the sector is in a speculative bubble similar to past technology booms, such as the Internet bubble in the late 1990s. The analysts stressed the importance of diversifying away from the “Magnificent Seven,” which includes tech giants like Apple. AAPL and Amazon.com Amazon.
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Nvidia’s one-stop shop ambitions
NVIDIA Corporation NVDA The company has maintained a competitive edge in artificial intelligence technology by offering full-stack solutions, and recent reports suggest that the Jensen Huang-led company wants to go beyond just selling the AI accelerators that power data centers to provide a one-stop solution for data center customers.
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Cathie Wood’s Congratulations to Elon Musk
Cathie Wood, president of Ark Invest, congratulated Tesla. TSLA And after SpaceX CEO Elon Musk and his xAI team managed to bring the Colossus 100,000 H100 training cluster online in just 122 days, she hinted there are “a lot of big announcements to come.”
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Nvidia’s estimated valuation is $10 trillion
According to Beth Kindig, principal technology analyst for NVIDIA Corp.’s I/O Fund: NVDA The company’s market capitalization is expected to soar to $10 trillion. Kindig highlighted the potential of Nvidia’s next-generation artificial intelligence chip, Blackwell, which is expected to make the chipmaker “fireworks again” in 2025.
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OpenAI co-founder’s startup raises $1 billion
Supported by Microsoft MSFT Safe Superintelligence (SSI), a new startup from OpenAI co-founder Ilya Sutskever, has raised $1 billion from prominent venture capital firms including Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel.
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This story was produced by Benzinga Neuro and edited by Rounak Jain.
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