Billionaire Stanley Druckenmiller is exploring new opportunities after dumping more than $2.5 billion in stocks. The famed investor and head of Duquesne Family Office sold all of the firm’s shares of Nvidia (NVDA) last year, along with nearly all of the firm’s stake in Palantir (PLTR). Now, Druckenmiller is beginning to pour some of the […]
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Amid a year of high points, challenges remain. How will AI developers deal with a looming data shortage, for instance?
Artificial intelligence enjoyed a banner year in 2024. The frontier technology captured awards, corralled investors, charmed Wall Street and showed that it could reason mathematically — even explaining differential equations.
It also drew the attention of global regulators, concerned about privacy and safety risks. Others worried that AI might soon evolve into artificial general intelligence (AGI) and then artificial superintelligence — surpassing human cognitive abilities. Catastrophic scenarios were posited and discussed: bioterrorism, autonomous weapons systems and even “extinction-level” events.
Here are 10 of 2024’s AI highlights.
Nvidia has lost a Supreme Court challenge to try stop an investor-led lawsuit that says it understated its GPU sales to crypto miners.
Nvidia will have to face a class-action suit alleging it misled investors about the volume of sales to crypto miners after the United States Supreme Court dismissed the chip maker’s appeal to throw it out.
The justices issued a single-line order dismissing Nvdia’s appeal on Dec. 11, providing no explanation. It now reinstates an appellate court’s decision that revived the suit, which a California district court initially dismissed in March 2021.
Nvidia was looking to overturn the Ninth Circuit appeals court ruling from last August that revived a 2018 suit from a group of Nvidia shareholders claiming the firm hid over $1 billion in GPU sales made to crypto miners and that CEO Jensen Huang downplayed the volume of sales to the industry.
The world’s most valuable company is focusing on AI systems, or agents designed to exhibit autonomous decision-making.
Nvidia CEO Jensen Huang said his firm is focused on being at the forefront of agentic (autonomous) artificial intelligence, as it delivered record revenue in the third quarter.
“The age of AI is in full steam, propelling a global shift to Nvidia computing,” the company’s founder and CEO Jensen Huang said on Nov. 20, as the firm announced that its quarterly revenue was up 17% from the second quarter and 94% from a year earlier.
The lion’s share of that revenue, $35.1 billion, came from the company’s data centers, which help power the AI revolution. Huang anticipated continued strong demand for AI computing technologies, projecting Q4 revenue of $37.5 billion.
Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s […]
AI startup Openai reported closing a funding round led by Thrive Capital and the participation of other tech companies like Microsoft and Nvidia. The $6.6 billion raised would be used to expand its set of tools and raise its computing capacity, which needs to increase significantly to train new AI models. AI Company Openai Aims […]
Two prominent US regulatory agencies are supporting a class-action lawsuit against tech giant Nvidia over sales to crypto miners that were allegedly misrepresented. According to recent court filings, the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) are filing amicus briefs in support of the group of investors suing Nvidia, […]
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The tech is still experimental, but its implications could change how users view reality.
Meta recently showed off a new “Hyperscape” tech that takes the idea of stitching photographs together to form a 3D environment — such as YouTube’s 360 videos — and turns it into a real-time rendering system that could potentially revolutionize telepresence and redefine the idea of working from home.
Meta’s still as bullish as ever when it comes to the metaverse. As Cointelegraph recently reported, Meta CEO Mark Zuckerberg showed off the company’s new “Orion” smart glasses at the company’s “Connect” event on Sept. 25.
The Orion glasses purportedly give the user an effective heads-up display, allowing them to navigate the physical world with digital information seamlessly integrated into what they are seeing.
Nvidia CEO Jensen Huang thinks that only AI will have the speed to fight AI-produced fake information.
Nvidia CEO Jensen Huang says there may only be one way to effectively combat the more nefarious uses of artificial intelligence — with more artificial intelligence.
“It’s going to take AI to catch the darker side of AI,” Huang said at a Sept. 27 event at the Washington, DC think tank the Bipartisan Policy Center.
“The reason for that is pretty clear: AI is going to be producing fake data and false information at very high speeds,” he added. “So it’ll take somebody with very high speeds to detect that and to shut it down.”
Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?
Bitcoin’s price dropped to $62,705 in the early hours of Sept. 26, causing bulls to temporarily lose hope after the third rejection at the $64,000 resistance level in just four days. However, the tide shifted as the United States stock market opened, propelling the S&P 500 index to a new all-time high. Bitcoin (BTC) soon followed, gaining over 3% to reclaim the $65,000 level.
S&P 500 futures (magenta) vs. Bitcoin/USD (blue). Source: TradingView
Some market analysts believe that Bitcoin’s path to $70,000 has been reinforced by macroeconomic trends, including lowered interest rates in the US and renewed interest from long-term institutional investors. Essentially, fears of a stock market bubble have been fading after signs of robust economic growth paired with US housing prices reaching an all-time high.
