Published: Jan. 3, 2024 at 2:59 p.m. ET GSI Technology Inc. has been awarded a $1.1 million contract to develop an artificial-intelligence chip for the Department of the Air Force, the company announced Wednesday. The chip will be used for in-aircraft search and rescue, object detection, moving-target indication and change detection, GSI GSIT said. As …
Yann LeCun, chief AI scientist at Meta, speaks at the Viva Tech conference in Paris, June 13, 2023. Chesnot | Getty Images News | Getty Images “I know Jensen,” LeCun said at a recent event highlighting the Facebook parent company’s 10-year anniversary of its Fundamental AI Research team. LeCun said the Nvidia CEO has much …
Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in NYC, Sept. 28, 2023. Adam Jeffery | CNBC Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even trump the internet. “AI is going to be bigger than the internet, …
The Nasdaq MarketSite in the Times Square neighborhood of New York, on Tuesday, May 31, 2022. Michael Nagle | Bloomberg | Getty Images The Nasdaq is now just 6.5% below its record high it reached in November 2021. Across the industry, the big story this year was a return to risk, driven by the Federal …
Four decades ago, computer engineers were theorizing that the mind-bending mechanics of quantum physics could be harnessed to make a new kind of computer that’s exponentially more powerful than conventional machines. A series of breakthroughs has now brought “quantum utility” within reach, with engineers showing off computers capable of calculations of a complexity that would …
A gamer uses a computer powered with an Nvidia Corp. chip at the Gamescon video games trade fair in Cologne, Germany, on Wednesday, Aug. 23, 2023. Gamescon runs until Sunday, Aug. 27. Photographer: Alex Kraus/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images It’s not just human life that will be remade by the …
Non-artificial intelligence tech stocks that have struggled in 2023 have significant upside potential in 2024, according to Morgan Stanley. The investment bank’s tech analysts say that while AI and cloud computing stocks will likely continue to grow, their valuations are very high. AI chip maker Nvidia ‘s stock — after rising by 230% this year …
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters The MedLM suite includes a large and a medium-sized AI model, both built on Med-PaLM 2, a large language model trained on medical data that Google first …
CNBC’s Jim Cramer on Friday said the generative artificial intelligence craze is only beginning, adding that stocks associated with AI have more room to run even after this week’s huge gains. Amazon CEO Andy Jassy told Cramer this week that generative AI will make his company’s web services tens of billions of dollars in the …
In an interview with CNBC’s Jim Cramer, Amazon CEO Andy Jassy said generative AI will change the customer experience in the company’s enterprise and discretionary consumer business. “Generative AI is going to change every customer experience, and it’s going to make it much more accessible for everyday developers, and even business users, to use,” he …