Nvidia, Adobe events add new AI enthusiasm
There is a lot of activity in the artificial intelligence market this week, such as Nvidia (NASDAQ:NVDA), Adobe (NASDAQ:ADBE) and Microsoft-backed OpenAI have both made more inroads into the ubiquitous and expanding technology sector.
Nvidia (NVDA) declare part of the AI spotlight when it hosted the GTC conference, with the highlight being the keynote speech by CEO Jensen Huang. Huang wasted little time saying, “The moment of iPhone AI has arrived” related to AI generate attention and especially OpenAI’s ChatGPT has received recently.
Wall Street likes what Nvidia (NVDA) had to say, since the company’s stock has risen in price from investors follow its AI plan.
Nvidia (NVDA) has also provided detailed information about New deals and partnerships with things like Microsoft (NASDAQ:MSFT), Medtronic (MDT) and AT&T (t).
In regards to OpenAI, the company is being backed by multi-billion dollar investments from Microsoft (MSFT), dealing with some technical issues this week.
At the beginning of the week, OpenAI temporarily turns off the history feature on its service in response to reports that some users may be viewing other people’s chats.
Over the weekend, OpenAI said it had added support for third-party plug-ins like Expedia (experience), Booking.com Kayaks (BKNG), Shopify (SHOP) and Salesforce’s (CRM) faltered.
One of Microsoft’s (MSFT) and OpenAI’s top competitors, Google (GOOG), appeared and made the AI Bard chatbot available to the public for use. Bard was initially rolled out to a limited number of users in the US and UK who were already on the waiting list. before being made available for use in more countries.
Nvidia (NVDA) isn’t the only tech giant hosting an event and talking about AI this week. adobe (ADBE) hosted the 2023 Summit in Las Vegas, and the digital publishing and marketing technology company introduced a range of new products and services that carry heavy weight towards driving the AI market. . One of the highlights from Adobe (ADBE) used to be Firefly AI, a new set of “creative AI models” involves creating images and text effects.
Server and storage technology company Super Micro Computer (SMCI) saw its stock hit an all-time high for the week as it said it had begun shipping servers including Nvidia’s new graphics processors (NVDA). super micro (SMCI) has been on the rise over the past few months, as some analysts and researchers refer to the company’s technology as a central ingredient to the current boom in AI.
And Alibaba (TORTOISE) received some attention as its stock rallied despite one of the company’s top AI executives. depart to join an unnamed AI startup.