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It’s Monday, and we’re back at it! The chip war continues to intensify as nations ramp up production and adjust export quotas. Plus, autonomous vehicles (AV) investment are making a comeback, and we’ve got some great tools, along with the latest news and trends in the tech world. Let’s dive in!”
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📰 News and Trends.Jumpstart Your AI Career with OpenCV University’s 100-Day AI Challenge!AV Investments are Back.It’s all About the AI Chips.🧰 AI Tools (ChatGPT extensions II)What Have I been Playing with
📰 AI News and Trends
Apple has reportedly pulled out of OpenAI’s $6.5 billion funding round, which values the company at over $100 billion. Despite Apple’s withdrawal, tech giants like Microsoft and Nvidia are still in discussions, with Microsoft expected to invest around $1 billion (Reuters)California Governor Newsom Vetoes Controversial AI Safety Bill Amid Industry Concerns Over Innovation (Reuters)AI and globalisation are shaking up software developers’ world as it coding becomes more accessible (TheEconomist)
🌐 Other Tech news
Fidelity has cut X’s value by 79% since Musk purchase and to add to the fire Brazil’s top court imposed a $5M+ fine on X before it is unbanned (MC)Zillow will now show climate risks for property listings in the US (TheVerge)An Ultrathin Graphene Brain Implant Was Just Tested in a Person.A Spanish biotech company sees the carbon material as a way to power the brain-computer interfaces of the future (Wired)Apple Scales Back $1 Billion Theater Film Plans, Shifts Focus to Streaming mid-budget films After Box Office Struggles (Bloomberg)Dating apps search for users who want to be ‘just friends’ (FT)The “Anti-Woke Tech Bro” Phenomenon (Vox)
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AV Investments are Back.
PitchBook Data.
Autonomous vehicles (AVs) are increasingly transforming the supply chain, with startups in the sector receiving $2.9 billion in Q2 2024, the highest since Q3 2021. Beyond passenger cars, AVs are tackling critical challenges in commercial transportation, particularly in supply-chain yard operations. I personally have tried Waymo and I am impressed by their performance and as any tech advancements move in waves, we will see ups and down in this space, but there will always be progress as AI and connectivity continue to advance.
Outrider, a Colorado-based startup, focuses on automating the movement of heavy trailers in yard environments, an industry worth $60 billion annually. Their electric AVs make 6–12 trips per hour, moving up to 60,000 pounds per trip. Other companies like Pyka (autonomous cargo planes) and Gatik, focus on cargo planes and local goods distribution, respectively. While concerns around AVs replacing human jobs persist, proponents argue that automation will redirect human labor to safer and more meaningful tasks.
It’s all About the AI Chips.
Global Shifts and Key Developments.
ByteDance, TikTok’s parent company, is developing a new AI model using Huawei’s Ascend 910B chips due to U.S. restrictions on Nvidia chips. However, chip shortages are delaying progress. Meanwhile, Nvidia faces challenges in China, as regulators are urging local companies to avoid buying its H20 chips, boosting domestic competitors like Huawei.
On the design front, Google’s AlphaChip is revolutionizing chip layouts, significantly speeding up the process. Basically using AI to design AI Chips. Used in Google’s AI accelerators, AlphaChip has inspired industry-wide research and adoption.
In the U.S., Intel is securing $8.5 billion in government funding to boost domestic chip production and regain its competitive edge against rivals like Nvidia and AMD.
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🧰 AI Tools
ChatGPT extensions II
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👨🏻💻It’s all About the AI Chips. Global Shifts and Key Developments. was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.