“I think with clinical trials, there’s still going to be a few years to get through the clinical trial space,” Gibson said. “But, to find the drug and get it into the clinic, I think we can shorten that from five or six years and hundreds of millions of dollars into, perhaps, one or two …
On Friday, advanced nuclear fission company Oklo, for which Sam Altman serves as chairman, started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition company called AltC Acquisition Corp., founded and led by Altman. Under the ticker symbol “OKLO,” shares were …
Big Tech names like Nvidia have been on fire, thanks to the artificial intelligence boom — and other chipmakers are sharing the limelight. The supply chain for AI is extensive. It includes companies in Asia-Pacific and ranges from producers of AI graphics processing units to printed circuit boards. Memory chips in particular have been in …
Nvidia, one of the chipmakers behind the burgeoning artificial intelligence industry, is currently worth $2.22 trillion, ranking it among the most valuable companies in the world. But in 1993, it was a business idea shared by three friends and engineers — Huang, Chris Malachowsky and Curtis Priem — who wanted to revolutionize gaming and media …
When Ivana Delevska launched her fund in August 2021, she had a sense that artificial intelligence would be huge. A hedge fund veteran, having worked at Citadel, Millennium and Tiger Management, Delevska specializes in the industrial sector, communicating with more than 100 companies she covers. By figuring out where companies were investing their dollars, she …
Even with all that investment, Microsoft has a shortage of data center infrastructure, specifically for deploying artificial intelligence models. “We do have demand that exceeds our supply by a bit,” Microsoft CFO Amy Hood told analysts on the company’s earnings call. Companies need an ever-increasing amount of compute to run hefty workloads, adding human-like generative …
Alphabet topped analysts’ estimates, reporting revenue growth of 15% for the quarter, the fastest rate of expansion since early 2022. Ad sales at YouTube jumped 20%, also beating expectations. Questions have been swirling about the future of Google’s online ads, because the biggest revenue driver remains search, which is under pressure as new generative AI …
U.K. tech startup Synthesia unveiled a new range of AI-generated avatars that can convey emotions like happiness, sadness, and frustration. Synthesia Nvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a user’s text inputs. The company said its “Expressive Avatars” can blur the …
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korean memory chipmaker SK Hynix on Thursday reported a net profit of 1.92 trillion …
Elon Musk’s Big Bet: Tesla to Ramp Up AI Development with Nvidia’s Powerful Chips Tesla Inc (NASDAQ:TSLA) may install 85,000 Nvidia Corp (NASDAQ:NVDA) H100 chips by year-end to train its artificial intelligence (AI) models. If CEO Elon Musk proceeds with this plan, Tesla will surpass tech giants like Amazon.Com Inc (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google as a significant Nvidia customer. During Tesla’s …