Nvidia CEO Jensen Huang announced the company’s next generation of AI chips, Rubin, ahead of the COMPUTEX tech conference earlier this week. Rubin comes about three months after Nvidia released its Blackwell AI chip model. Huang also revealed a roadmap that details Nvidia’s plans to release new AI chips on a “one-year rhythm” moving forward.

A few days after the news, Nvidia’s market cap briefly surpassed the $3 trillion mark for the first time in the company’s history. On Wednesday, Nvidia closed at $3.019 trillion and became the second-most valuable publicly traded company, ahead of Apple and behind Microsoft. The three Big Tech giants are the only ones to ever reach a $3 trillion market cap. It’s worth noting that Nvidia joined the $3 trillion club roughly a year after hitting a $1 trillion valuation.

More news updates from Nvidia:

• Nvidia and Salesforce participated in Canadian AI startup Cohere‘s $450 million funding round.
• The AI leader is also co-leading a $50 million funding round for Twelve Labs.
• Nvidia demoed a special unreleased AI assistant that can guide users through games and apps.

In January, Samsung first teased its not-yet-released Galaxy Ring during its Galaxy Unpacked event. The new health-focused hardware device features sensors on the inner ring to track health data. Insert Oura, the health tech company known for the Oura smart ring that tracks sleep, physical activity, and other health metrics. Oura holds five smart ring-related patents, so Samsung filed a lawsuit against the company to seek a declaratory judgment that says the Galaxy Ring doesn’t infringe on those.

Essentially, Samsung filed a lawsuit first as it expected Oura would file one anyway after the Galaxy Ring hits the market sometime in August, the lawsuit revealed. Oura has a pattern of suing any and every smart ring maker that develops tech similar to its own, and Samsung isn’t having that.

Meta has made it clear that it wants to bring young adults back to Facebook. The Big Tech company said in a blog post that its main two goals over the next 20 years are to build the next generation of social media platforms for young adults and lean into AI for new product capabilities. Per Axios, Meta is revamping its feed, shining a brighter light on reels, and making Facebook more creator-friendly to attract Gen Z to the platform.

This plan is good, but we’ve seen how things can get when Meta gets too ambitious; take the company’s metaverse plans as an example. One thing I know is that as a millennial, a lot of my generation is moving away from Facebook, but I’m still rooting for Meta to bring us all back.

• An unlikely but exciting duo. Viral food critic Keith Lee is teaming up with Microsoft to launch a new video series called The Reheat. In the series, Lee will revisit restaurants that experienced overnight success after his reviews. Microsoft is also offering the featured businesses some training to manage growth using its AI platform, Copilot.
• OpenAI‘s ChatGPT, Anthropic‘s Claude, and Perplexity‘s AI search engine all experienced hours-long outages between Tuesday and Wednesday this past week. OpenAI didn’t say why its AI chatbot went down multiple times this week, but Claude and Perplexity crashed as a result of too much incoming traffic when ChatGPT was offline.
• Meta announced that its Connect conference will return to Menlo Park and be available online on Sept. 25 and 26. The Big Tech giant will unveil its latest developments in AI, VR, and more, and we’ll also hear about any new tech hardware from Meta at this event.
• Hip-hop artist Don Toliver is getting his own video game in Fortnite called Hardstone. Check out the trailer here. The new game is inspired by his upcoming fourth studio album, Hardstone Psycho, and calls on fans to take control of Psycho Valley in the midst of a heated biker gang war.
• Nearly two months after its disastrous launch, Humane is warning its Ai Pin users to stop using the device’s charging case after the company found an issue with the battery infrastructure that may pose a fire safety risk. Humane broke the news to customers via an email. While it’s offering two free months of its subscription service, Humane didn’t say if it will offer replacement charging cases.
• I guess it’s just that season. Spotify and Max both announced that they’ll be raising subscription prices once again. Spotify is increasing its ad-free premium tier by $1 to $11.99 in July, while Max is hiking its ad-free plan by $1 to $17 per month.