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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
June 9, 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.

I’m in Canada for the first time on a press trip with Amazon Web Services and F1. Stay tuned for a download about my trip and to learn how the pair leverages cloud technology on the track.

Elsewhere, all eyes will be on Apple next week, as the Big Tech giant’s annual developers conference kicks off on Monday. The tech world expects Apple to announce a partnership with OpenAI that will surely heat up the AI race, but I’ll be sure to report on all the major happenings at the event right here.

A peek into today’s edition: 

  • Nvidia‘s new AI chips and valuation
  • Samsung is coming for Oura 
  • Microsoft and Keith Lee announce new partnership

Nvidia Announces New AI Chips as its Valuation Briefly Tops $3T

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.

Samsung Sues Oura to Avoid Smart Ring Patent Claims

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 is on a Mission to Bring Gen Z to Facebook

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.

It seems GameStop‘s fate is tied to how often Keith “Roaring Kitty” Gill updates the world on just about anything. Gill announced his return to YouTube, and GameStop‘s stock surged by more than 40%. With this trend, I’m going to bet that Roaring Kitty will show interest in a new meme stock by the end of the year.