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Recent film and TV projects also under the Boardroom umbrella include the Academy Award-winning Two Distant Strangers (Netflix), the critically acclaimed scripted series SWAGGER (Apple TV+) and Emmy-nominated documentary NYC Point Gods (Showtime).
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Tech Talk is a weekly digest by Boardroom’s Michelai Graham that breaks down the latest news from the world’s biggest tech companies and the future of industry-shaping trends like AI.
OpenAI CEO Sam Altman doesn’t own any shares in his own company, meaning he’s likely only getting paid from his salary. On the flip side, his investments in Reddit, Stripe, and Helion are actually what made him a billionaire. Check out Forbes’ investigation into Altman’s wealth.
A peek into today’s edition:
As it stands, Nvidia owns about 80% of the AI chip market, and Intel is looking to take over some of that ownership.
To boost its stance in the AI race, Intel unveiled a new AI chip called the Intel Gaudi 3. The tech company claims its new chip is more power-efficient and faster than Nvidia’s most advanced AI chip, the H100 GPU. Intel announced the Gaudi 3 at the Intel Vision 2024 customer and partner conference. The company’s new AI chip is equipped to both train and deploy AI platforms.
Gaudi 3 chips will be available to customers in Q3 of this year. Intel reports that top tech companies like Dell Technologies and Hewlett Packard Enterprise will leverage its new chips to build AI systems.
Nvidia shares were down as much as 10% this week after Intel broke the news, which came a day before Meta announced the next generation of its custom-made AI chips. Coined the Meta Training and Inference Accelerator, the Big Tech giant said its chips are meant to complement more powerful ones, not replace them. Most notably, Meta will use its custom AI chips to power its ranking and recommendation advertising models on Facebook and Instagram. Meta didn’t say when it would start implementing these chips into its AI infrastructure.
Nvidia hasn’t lost Meta as a customer just yet, but it could happen if Meta speeds up its development.
Google Cloud Next 2024 wrapped on Thursday in Las Vegas, where the Big Tech company debuted all its new cloud offerings, most of which are centered on AI.
Here’s a rundown of some of the big announcements that came out of Next 2024:
Microsoft and Apple are looking to expand their global office footprints.
Apple is prepping to open a 45,000-square-foot office space in Miami, Bloomberg reported. The new commercial real estate lease comes three years after Apple began its hunt for an office space in Miami. The tech company is also opening a 19,000-square-foot retail space in Miami Worldcenter.
Microsoft announced plans to build a new AI hub in London where Mustafa Suleyman and his team will primarily work. Last month, the Big Tech giant hired the Google DeepMind and Inflection AI co-founder to lead its new AI research and product development unit, Microsoft AI. AI scientist and engineer Jordan Hoffmann, who is also a former DeepMind and Inflection AI executive, will lead the new AI hub.
Microsoft isn’t stopping there with its expansions, though. The company is also investing $2.9 billion over the next two years to increase Japan’s AI and cloud infrastructure. Microsoft also set a goal to train 3 million AI tech workers over the next three years in the region.
This week, the Federal Communications Commission announced a new rule that requires internet service providers with more than 100,000 subscribers to display labels in-store and online that clearly state every single fee from their plans to additional costs, activation fees, rental fees, and more. Think of these as nutrition labels. It sounds nice, but I’m going to bet that this new rule will quickly lead to a couple of class action lawsuits from customers who still feel duped by additional fees.
