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Category: Elon Musk – Page 55

Nvidia’s earnings will be the AI hype cycle’s biggest test

Nvidia (NVDA) will report its second quarter earnings after the closing bell next Wednesday, setting up what will be the AI hype cycle’s biggest test yet. During this AI gold rush, companies around the world looking to profit have turned to Nvidia’s graphics processors to power new AI software and platforms.

Currently, tech firms of all sizes are doing everything they can to get their hands on Nvidia chips. During Tesla’s (TSLA) Q2 earnings call, CEO Elon Musk told analysts that the automaker will take as many Nvidia graphics processors as the company can produce.

Nvidia is widely expected to have a blowout earnings report. A miss could derail the AI hype train.

From Elon Musk to Chinese tech titans, everyone wants Nvidia’s GPU chips. There might not be enough to go around

Elon Musk has loaded up on Nvidia GPUs for X, xAI, and Tesla. Meanwhile, Chinese tech titans are reportedly scrambling to buy $5 billion worth of the chips.

It seems like everyone and anyone wants to snap up Nvidia.

Sales of the company’s graphic processing units (GPUs) have surged since ChatGPT ignited an AI frenzy, propelling it to a stellar first-quarter earnings performance and boosting its total valuation to over $1 trillion back in May.

Elon Musk says Tesla cars now have a mind, figured out ‘some aspects of AGI’

Elon Musk claims that Tesla may have “figured out some aspects of AGI” as he believes that Tesla vehicles now have “a mind.”

The CEO has said several times that he believes most of Tesla’s value is attached to self-driving, ad he says Tesla could achieve it by the end of the year.

The Tesla community is divided between believers who think the automaker is indeed about to deliver on its long-stated promise, and people who have been burned too many times by missed timelines and think a robotaxi service from Tesla is still years away.

CEO claims X, formerly Twitter, is close to ‘break even’

X CEO Linda Yaccarino claims that the company formerly known as Twitter is almost breaking even.

“I’ve been at the company eight weeks,” Yaccarino said in her first broadcast interview since taking on her new role. “The operational run rate right now… we’re pretty close to break even.”

This is a surprising declaration, given the company’s financial struggles since its acquisition by Elon Musk. Ad revenue is plummeting as brands pause spending on the platform, and X has gone to desperate lengths to get more cash flow — remember when we all got rate limited for not subscribing to Twitter Blue? Or when the company curbed its developer community by charging exorbitant rates for API access?

AI.com flips from ChatGPT to Elon Musk’s X.ai

There was a bit of a hubbub in February as it emerged that OpenAI had seemingly purchased AI.com in order to redirect it to the ChatGPT web interface. But now erstwhile backer, Twitter haver and X lover Elon Musk appears to have taken the valuable domain off their hands, or else someone has done it for him: AI.com now redirects to X.ai, the billionaire’s embryonic machine learning research outfit.

Of course domains are bought and sold every day. But two-letter.com domains are rare and highly expensive, especially those that form words or familiar abbreviations. When AI.com started redirecting to OpenAI’s site, Mashable pointed out that the domain could hardly have sold for less than IT.com’s $3.8 million the previous year, and likely attained a far higher price given the hype around artificial intelligence in general.

No doubt OpenAI hoped that the purchase of AI.com would turn confused URL bar typers into lifetime users. Or perhaps it intended to eventually move its consumer-facing operations (like ChatGPT’s web client) over to the shorter domain. It seems we’ll never know, because now the domain goes to X.ai.