AI processor – pressnews

Nvidia Fails to Satisfy Lofty Investor Expectations for AI Boom

23Nov

By adminNo Comments

Technology

Nvidia Fails to Satisfy Lofty Investor Expectations for AI Boom

[ad_1] Nvidia Corp. investors gave a cool reaction to its latest quarterly report, which blew past average analysts' estimates but failed to satisfy the loftier expectations of shareholders who have bet heavily on an artificial intelligence boom. Revenue in the current period will be about $20 billion, the world's most valuable chipmaker said Tuesday in a statement. Though that topped the average Wall Street prediction of $17.9 billion, some projections reached as high as $21 billion. The shares fell 3% to $484.42 in New York on Wednesday, the biggest intraday drop in three weeks. We are now on WhatsApp. Click to join While Nvidia posted another quarter of impressive growth, some investors were clearly anticipating more. They have poured money into the stock this year — sending it up...

Google, Nvidia Back AI Startup That Helps Combat Chip Shortage

[ad_1] Nvidia Corp. and a Google venture fund have joined a seed round of funding for a startup that helps developers squeeze more computing power out of specialized processors used to train AI, potentially alleviating a major logjam for the burgeoning field.CentML, which builds software to help machine learning systems work more efficiently, raised $27 million from investors including Google's Gradient Ventures and Radical Ventures. Deloitte Ventures and Thomson Reuters Ventures also took part in the financing, the startup said in a statement. The Toronto-headquartered startup aims to address one of the biggest bottlenecks in AI development, a shortage of the graphic processor units from Nvidia and its rivals that process the enormous amounts of data required to train and run AI system...

5 things about AI you may have missed today: Google rolls out Duet AI, Snapchat launches AI selfie feature, and more

[ad_1] It was a big day in the artificial intelligence space today as Google made some major announcements. Google has finally begun rolling out its Duet AI, an AI-powered assistant for all Google apps in the Workspace, including Gmail, Drive, Docs, Meet, and more. The AI tool has been in the testing phase since June, and now it is being made available to all Workspace users. In other news, Snapchat is launching a new AI feature called Dreams that will allow users to click fantasy-filled selfies of themselves. This and more in today's AI roundup. Let us take a look.Google rolling out Duet AIAccording to a report by 9to5Google, Duet AI, Google's enterprise-grade AI-powered tool for Workspace is being rolled out. Google has announced that the Duet AI will be made available to all of its p...