Nvidia, Adobe, and Microsoft-backed OpenAI are making headlines in the AI market this week with their latest breakthroughs in the rapidly expanding technology sector.
Nvidia (NVDA) took center stage at the GTC conference, where CEO Jensen Huang delivered the keynote speech. He boldly declared that “The moment of iPhone AI has arrived,” referencing the attention generated by AI, particularly OpenAI’s ChatGPT.
Announcing GPT-4, a large multimodal model, with our best-ever results on capabilities and alignment: https://t.co/TwLFssyALF pic.twitter.com/lYWwPjZbSg
— OpenAI (@OpenAI) March 14, 2023
Wall Street responded positively to Nvidia’s announcements, driving up the company’s stock price as investors rallied behind its AI strategy. Nvidia also revealed new partnerships with Microsoft (MSFT), Medtronic (MDT), and AT&T (T).
OpenAI, meanwhile, has been dealing with some technical issues, temporarily disabling its history feature due to reports of users viewing other people’s chats. However, the company has also added support for third-party plug-ins, including Expedia (EXPE), Booking.com (BKNG), Shopify (SHOP), and Salesforce’s (CRM) faltered.
Google (GOOG), one of Microsoft’s and OpenAI’s top competitors, rolled out its AI Bard chatbot to the public. Initially available to a limited number of US and UK users on a waiting list, the chatbot is now available in more countries.
But Nvidia isn’t the only tech giant making waves in the AI market this week. Adobe (ADBE) held its 2023 Summit in Las Vegas, introducing a range of new AI-driven products and services. One highlight was Firefly AI, a new set of “creative AI models” for creating images and text effects.
Super Micro Computer (SMCI), a server and storage technology company, also saw its stock hit an all-time high as it began shipping servers featuring Nvidia’s new graphics processors . Analysts and researchers credit SMCI’s technology as a key ingredient to the current boom in AI.
Finally, Alibaba (BABA) made headlines as its stock surged despite the departure of one of its top AI executives to join an unnamed AI startup.
In a rapidly evolving industry, these advancements and breakthroughs from Nvidia, Adobe, and OpenAI continue to drive innovation and push the boundaries of what’s possible with artificial intelligence.
