AI business – pressnews

[ad_1] Earlier this week, Microsoft Corp. named artificial intelligence pioneer Mustafa Suleyman chief of its consumer AI business and hired most of the staff from his Inflection AI startup. A day before, Bloomberg reported that Alphabet Inc.'s Google was in talks to license its Gemini AI engine to Apple Inc.The moves suggest that despite pouring billions of dollars into partnerships, investments and product development, Microsoft and Google are struggling to figure out how to capitalize on generative artificial intelligence. Neither company is moving fast enough to field consumer products that generate revenue and grab market share, and, despite their size and power, they remain vulnerable to being disrupted. Even as engineers labor to perfect the large language models undergirding the...

[ad_1] Artificial intelligence semiconductor powerhouse Nvidia kicked off its annual developer conference on Monday, with investors focused on new chip announcements from Chief Executive Jensen Huang in an afternoon keynote address.Nvidia's new chip and software announcements at GTC 2024 will help determine whether Nvidia can maintain its leadership position as the dominant seller of the tools needed to fuel the past year's frenzy around AI. Nvidia dominates the data center AI chip market, capturing roughly an 80% share last year. Its shares have surged 240% over the past 12 months, making Nvidia the U.S. stock market's third most valuable company, behind only Microsoft and Apple. That stellar rally leaves Nvidia's stock at risk of plummeting back to earth if the Santa Clara, California...

Tag: AI business

Microsoft deal, Apple-Google talks show tech giants need artificial intelligence help

Nvidia artificial intelligence developer conference kicks off with new chips in focus