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CoinspeakerAI Coins Slump as Google Trends Reveal Peak Retail Investor Interest Despite the current dynamics, investors are questioning whether this is a temporary buying opportunity or a signal of a local top.  AI Coins Slump as Google Trends Reveal Peak Retail Investor Interest

Meta’s AI chief, Yann LeCun said it will take decades to achieve the adoption of AGI. Meta’s AI chief, Yann LeCun, has expressed skepticism about current AI systems surpassing human intelligence anytime soon. Mr. LeCun shared this sentiment while speaking at a Meta media event to celebrate the 10th anniversary of its Fundamental AI Research team. LeCun: AGI Systems Not Possible for Decades Last week, Reuters reported that OpenAI cofounder Sam Altman was removed as CEO when a team of OpenAI...

Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule. Nvidia Corp (NASDAQ: NVDA), the California-based AI chip giant, has notified its Chinese customers of a delay in the launch of its new artificial intelligence chip, H20, designed to comply with the latest United States export regulations, Reuters reported Friday, citing...

As investors and analysts await the official jobs report for October, the 2-year and 10-year Treasury yields moved in opposite directions. US Treasury yields came in varied on Friday as investors wait on the jobs report for October for an indication of the labor market and the effect of interest rates. While the 2-year Treasury climbed by more than two basis points to 4.9974%, the 10-year Treasury yield fell to 4.6658%, losing less than one basis point. The market expects October’s job...

The deployment of the 24,000 chips should be completed by February 2024. Voltage Park, a nonprofit organization founded by billionaire Jed McCaleb, has acquired approximately 24,000 Nvidia H100 chips for approximately $500 million. According to The Business Time, the organization plans to lease AI computing power at a low cost to address the shortage of these chips. Eric Park, CEO of Voltage, stated: “The current ecosystem for machine learning is fundamentally flawed.” Therefore, the...

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round....

The two chipmaking giants will work on building AI factories for electric vehicles where Nvidia plans to use its own chips and software for the development. Two chip-making giants – Foxconn and Nvidia Corp (NASDAQ: NVDA) – have finally come together to build “AI factories” and data centers for a range of applications including self-driving cars. The announcement came earlier today Wednesday, October 18. Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang announced at Foxconn’s...

A new report notes that AI has brought trillions in good fortune to tech giants in the United States, like Microsoft, Apple, and Amazon. The ongoing AI explosion has benefited several tech companies in the US, adding trillions to their market capitalizations in a year. According to a venture capital firm Accel report, AI has helped US tech giants increase their valuations by $2.4 trillion. Tech Giants Enjoy AI Boom Accel published its annual Euroscape Report, noting the benefits tech...

Saudi Arabia and Chinese universities to work on AceGPT, an Arabic-focused AI system based on Meta’s LlaMA2, designed as an AI assistant for Arabic speakers. Every big country on the planet has been spearheading efforts to build new artificial intelligence (AI) systems. Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) has joined forces with two Chinese universities to create an Arabic-focused artificial intelligence (AI) system. This large language model (LLM),...

CCS Insight predicts that the EU will indeed be the first to introduce specific regulations for AI. CCS Insight, a leading technology research firm has made a bold prediction that generative Artificial Intelligence (AI) is in for a reality check in 2024, as the hype surrounding this transformative technology gives way to the practical challenges it poses. The Cold Shower for Generative AI in 2024 According to recent reports, CSS Insight shared this prediction in its annual roundup of top...