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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
February 25, 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.

Happy (almost) birthday, Tech Talk! The first edition of this remodeled newsletter shipped on Feb. 26, 2023, and I had no idea then how much this project would impact my life, career, and growth trajectory. Writing this newsletter is undoubtedly one of my proudest accomplishments, and I’m grateful my Boardroom family has entrusted me to do so each and every week. From interviewing Tim Cook and Adam Silver to getting in front of the camera, doing tech product reviews, following new social media app launches, detailing the SBF trial, and making tech gift guides, I never get enough of diving into tech and sharing all of my learnings and analyses in this here newsletter.

This past year was only the beginning. Let’s see what I can do with the next 365 days.

Alright, let’s get into it.

A peek into today’s edition: 

  • Nvidia revenue is up 265% year-over-year
  • Google pauses its Gemini AI image generator
  • AT&T hit with nationwide service outage

Nvidia Revenue Surges to $22B as AI Chip Biz Booms

AI chipmaker Nvidia generated $22.1 billion in revenue in its most recent quarter, up a whopping 265% year-over-year due to the increased demand for its tech across the AI sector. The company beat analysts’ expectations across the board, driving its shares up as much as 10% in after-hours trading. Most notably, Nvidia’s data center division saw a big boost, with sales up 409% year-over-year to $18.4 billion. Nvidia CEO Jensen Huang doubled down on the company’s growth trajectory to investors who have fears about demand decreasing over the years.

Huang said demand for the company’s AI chips will remain high due to the generative AI buzz. On top of all its success, Nvidia is reportedly developing a new AI chip to deploy in China that will comply with US export rules.

Nvidia expects to generate $24 billion in sales at the end of the next quarter, while analysts predict it’ll bring in around $22.17 billion. Nvidia has come a long way since it hit a $1 trillion market cap for the first time in May 2023. Last week, Nvidia surpassed Amazon and Alphabet in market capitalization, making it the third most valuable tech company behind Microsoft and Apple. On Feb. 22, Nvidia added $277 billion to its market cap in one day, overtaking Meta to claim the top spot for the biggest single-day market cap surge in stock market history.

Google Pauses Gemini AI Image Feature, Announces New AI Model Gemma

Google announced on Thursday that it’s pausing AI image generation of people on Gemini after the platform developed inaccurate historical pictures of people and their races and genders. Gemini is allegedly doing this in an effort to erase discrimination across history, but the facts are the facts, and it’s obvious Google trained Gemini to curve some of the truth.

“We’re already working to address recent issues with Gemini’s image generation feature,” Google detailed in its statement on X. “While we do this, we’re going to pause the image generation of people and will re-release an improved version soon.”

Elsewhere in Google news, the Big Tech firm announced a family of new AI models called Gemma that were built for responsible AI development. Google wants AI developers and researchers to tap into the new AI platforms via laptops and desktops for “responsible commercial usage and distribution for all organizations, regardless of size.”

OpenAI and Match Group Announce Partnership as ChatGPT Glitches Again

Match Group and OpenAI announced a new partnership that grants 1,000 enterprise licenses to the dating app maker’s employees. This means that Match Group employees will be able to leverage ChatGPT for an array of business tasks like communications, building templates, coding, and much more. Match Group’s team will be able to access ChatGPT-4, and only trained and licensed employees will gain access to the AI tool.

While OpenAI was locking in a new partnership, ChatGPT seemingly malfunctioned earlier this week after it began responding to queries with incomprehensible responses Tuesday night. OpenAI didn’t catch wind of it right away but reported that it’s currently investigating the glitch. For now, ChatGPT seems to be operating in its right mind.

  • AT&T customers were hit with nationwide outages on Thursday, and some Verizon and T-Mobile customers were mildly affected. Cellular service and internet access were unavailable across the board, while AT&T spent the majority of Thursday getting back online. It’s unclear what caused the outages.
  • Reddit inked a $60 million deal with an unnamed AI company to give it access to its content for training purposes, Bloomberg reports. The partnership came just before the popular website filed to go public on Thursday, and Reddit plans to reserve some shares for 75,000 of its most loyal users.
  • Livestream shopping platform NTWRK acquired Complex from BuzzFeed for $108.6 million, the companies announced on Wednesday. BuzzFeed also announced that it will continue cutting expenses by laying off 16% of its workforce.
  • Arc Boat Company, an electric boat maker that includes backing from Kevin Durant, Rich Kleiman, and Klay Thompson, announced the launch of its second fully electric model, dubbed the Arc Sport. The new e-boat designed for wake sports is 23 feet long and can carry 15 passengers, and Arc expects to start delivering its newest model to customers later this year.
  • The European Commission is applying pressure on social media giants once again. This time, the foreign agency is looking into TikTok for potentially breaching its Digital Service Act for its alleged addictive algorithms. Apple may be facing a $539 million fine in the EU, and a ban on some of its App Store restrictions focused on music streaming platforms following a 2019 complaint filed by Spotify.
  • Walmart has entered an agreement to acquire smart TV maker Vizio for $2.3 billion to advance its advertising revenue through the ability to display more ads on streaming devices.

This week, Apple announced a new free app for sports fans called Apple Sports, which will deliver real-time scores, stats, and more across NBA, MLS, NCAA basketball, and many other leagues currently in season. I’m going to bet that Apple’s new app will become the ESPN app’s biggest competitor, driving it to either rebrand or partner with another company to stay afloat.