This week was buzzing with news in the artificial intelligence (AI) sector as major companies such as Nvidia (NASDAQ:NVDA), Adobe (NASDAQ:ADBE), OpenAI, Microsoft (MSFT), Google (GOOG), Expedia (EXPE), Bookin.com’s Kayak (BKNG), Shopify (SHOP) and Salesforce’s (CRM) Slack all made advances in the ever growing domain.
Nvidia was the center of attention, hosting their GTC conference, with the keynote address from Chief Executive Jensen Huang. Huang highlighted the current attention the generative AI, OpenAI’s ChatGPT in particular, is receiving. OpenAI was busy too, temporarily disabling the history feature of their service, and adding support for third-party plug-ins for companies listed above. Google had its own announcement as they made their AI chatbot Bard available for public use in the US and UK.
Adobe was in the news as well, making announcements at their Max event in Las Vegas. Adobe rolled out Firefly AI, a set of AI models which incorporate image generation and text effects. Super Micro Computer (SMCI) was in the news with their new servers that incorporate graphics processors from Nvidia (NVDA). Shares of the company hit an all-time high as they were recognized as a central component to the current AI boom. Lastly, Alibaba (BABA) saw their stocks rise even after one of their top AI executives left for an unknown startup.
Nvidia is an American technology company best known for designing and producing graphics cards, as well as other computing technologies. Their products and services are mainly used in gaming, professional visualization, data center, and auto. Led by Jensen Huang, who is the co-founder and CEO of the company, Nvidia is continually expanding offerings in AI, with their GTC conference being a prime example.
Jensen Huang is an American entrepreneur and computer scientist, best known as the co-founder and CEO of Nvidia. He was awarded the National Medal of Technology and Innovation in 2020 for his exceptional contributions to the field of AI and is widely regarded as a leader in high performance computing. Huang is known for his high-profile keynote addresses, such as the one he gave at Nvidia’s GTC conference, and often mentions upcoming trends in AI.
