- AI Journal
- Posts
- Nvidia's New AI Chips Target China's Growing Demand
Nvidia's New AI Chips Target China's Growing Demand
AI Journal
November 10, 2023
AI Latest Updates:
Nvidia's New AI Chips Target China's Growing Demand
Democracy at Risk: Experts Unveil Concerns Over Rapid AI Expansion
Amazon's Olympus Takes Aim at ChatGPT and Bard Dominance
AI Funding
Interesting Posts
1. Nvidia's New AI Chips Target China's Growing Demand
Nvidia has reportedly crafted three specialized chips designed for the Chinese market to address the increasing demand for artificial intelligence technology, all while adhering to US export regulations. Leaked documents and insights from four individuals with knowledge of the matter suggest that Nvidia is gearing up to introduce these chips in response to recent US restrictions on the sale of high-performance chips to China.
This move is seen as the latest development in the ongoing technological rivalry between the Biden administration and China. The three chips, named H20, L20, and L2, are part of Nvidia's strategy to navigate the complex landscape of international trade regulations and continue catering to the burgeoning AI market in China.
2. Democracy at Risk: Experts Unveil Concerns Over Rapid AI Expansion
At the Reuters NEXT conference in New York, AI experts cautioned that the rapid advancement of artificial intelligence is potentially causing disruptions to democratic processes, particularly in elections, and could pose a threat to human existence. A significant worry revolves around the accelerated development of generative AI, which has amplified the impact of deepfakes—convincing yet artificially generated videos produced by AI algorithms trained on extensive online content. These deepfakes, circulating on social media, contribute to the blurred lines between fact and fiction in the realm of politics.
3. Amazon's Olympus Takes Aim at ChatGPT and Bard Dominance
Amazon is in the development phase of a formidable AI model, codenamed "Olympus," aiming to rival the capabilities of ChatGPT and Bard. Allegedly surpassing the size of OpenAI's GPT-4, this ambitious project signifies Amazon's concerted effort to compete with industry peers such as OpenAI and Google in the field of artificial intelligence.
AI funding
IBM has unveiled a new venture fund amounting to $500 million, dedicated to investing in startups specializing in generative AI for business applications. The IBM Enterprise AI Venture Fund seeks to expedite the progress and widespread integration of generative AI in various sectors. Its focus spans from early-stage to late-stage startups, offering funding opportunities and forging enduring partnerships to foster the advancement of generative AI technologies.
Nowsta, a trailblazing technology company specializing in creating operating systems for gig workforces, has recently closed a significant Series C funding round, securing an impressive $35 million. VMG Partners spearheaded the funding, joined by Builders VC and the previous Series B investors. With this latest financial achievement, Nowsta has amassed a remarkable total capital of $93 million.