Amazon Web Services has not halted any orders of Nvidia’s most advanced chip, but has instead decided to purchase the company’s newer state-of-the-art chip for an upcoming supercomputer project between the two companies.
Nvidia is set to report its earnings, with the CEO of a financial advisory predicting a more muted share price movement compared to previous quarters. Nvidia’s dominance in the AI sector and strong demand for its GPUs have fueled its growth. The company’s market value is approximately .3 trillion, making it the third-largest company on Wall Street. Nvidia’s GPUs are critical for AI and machine learning applications, driving its dominance in the industry. The global AI market is expected to grow significantly in the coming years, with companies leveraging AI technologies gaining a competitive edge. Investors should consider exposure to Nvidia and the broader AI ecosystem for long-term growth opportunities.
Microsoft is developing a new, in-house AI language model called MAI-1 to compete with Google and OpenAI. The model is overseen by Mustafa Suleyman and will be larger and more expensive than previous models. Servers with Nvidia GPUs are being used to improve the model.
AMD unveiled a new series of semiconductors for AI-enabled business laptops and desktops. These chips will be available in platforms from HP and Lenovo starting in the second quarter of 2024.
The Council of Ministers approved a €25 million budget for the creation, modernisation, and digital upgrade of processing units for marketing agricultural products. This initiative is part of the EU’s Recovery and Resilience Plan, spanning from 2021 to 2026, aimed at supporting existing and new SMEs. Commerce Minister Giorgos Papanastasiou noted a €3 million saving from the first tender, which will be reinvested in the second tender. The application process for this sponsorship is entirely digital, facilitated through the Ministry of Energy, Commerce, and Industry’s electronic system. The program is open to companies, cooperatives, and beekeepers.