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Boardroom is a sports, media and entertainment brand co-founded by Kevin Durant and Rich Kleiman and focused on the intersection of sports and entertainment. Boardroom’s flagship media arm features premium video/audio, editorial, daily and weekly newsletters, showcasing how athletes, executives, musicians and creators are moving the business world forward. Boardroom’s ecosystem encompasses B2B events and experiences (such as its renowned NBA and WNBA All-Star events) as well as ticketed conferences such as Game Plan in partnership with CNBC. Our advisory arm serves to consult and connect athletes, brands and executives with our broader network and initiatives.

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).

Boardroom’s sister company, Boardroom Sports Holdings, features investments in emerging sports teams and leagues, including the Major League Pickleball team, the Brooklyn Aces, NWSL champions Gotham FC, and MLS’ Philadelphia Union.

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By Michelai Graham
Boardroom's Tech Reporter
April 14, 2024
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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:

  • Intel is coming for Nvidia‘s spot
  • A rundown of Google Cloud Next 2024
  • Automattic acquires messaging app Beeper

The AI Race Heats Up As Intel Comes For Nvidia

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.

Everything We Learned at Google Cloud Next 2024

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:

  • Google Vids: Google debuted its AI-powered video generator for professionals. Users can use text prompts and upload documents, pictures, music, and more to generate video content with an editable narrative outline. The new tool will be added to Google Workspace.
  • Google Workspace: The tech firm announced a slew of updates to Google Workspace, including AI-powered writing assistance in Gmail, alerts for Sheets, tabs for Docs, and more.
  • Google Photo AI features: Google announced that all of its AI-powered photo editing tools will be free to all Google Photos users. The company will start expanding access on May 15, which will include features like Magic Editor, Magic Eraser, Photo Unblur, and Portrait Light.

Microsoft & Apple Target Office Expansions

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.

  • WordPress and Tumblr’s parent company, Automattic, has acquired messaging app Beeper in a deal valued at $125 million. If you’re unfamiliar with Beeper, it’s the company that challenged Apple late last year by creating tech that could replicate the company’s famous blue bubble messaging system on Android devices.
  • After early success with its AI DJ feature, Spotify announced a new offering called AI Playlist that allows us to generate playlists from text prompts. The new feature is currently in beta with Spotify Premium users in the UK and Australia, with expansion to more regions expected to roll out soon.
  • Apple has had a change of heart again. The Big Tech company is opening its App Store to retro game emulators that want to offer downloadable classics to mobile gamers. Game emulators have historically been banned from iOS devices and typically only operate on Androids, but that’s all about to change.
  • TikTok is launching a new platform called the Coin App across Europe to offer users incentives for their engagement on TikTok, the Information reports. It’s unclear if the rewards app will make its way to the US, but it’ll first be introduced in Spain, France, and a couple of other regions. The Coin app will offer users points for things like watching videos and inviting friends to TikTok that can later be retrieved for monetary value.
  • Elon Musk announced on X that Tesla will unveil a robotaxi model on Aug. 8. It’s unclear what the electric-powered vehicles will look like or how they will work with Tesla’s camera-only vision guidance systems. Tesla might have to reimplement some detection sensors, but we’ll see.
  • Retail trading and investment app Robinhood launched a website for its media arm, Sherwood News, a year after first announcing its expansion into media in January 2023. The outlet’s website says it will cover the “markets, business, technology, and the culture of money.”

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.