A headline from 1966.
Some school teachers are now protesting against the use of AI... Human being always struggle with innovation. Source: Jon Erlichman on X
Qualcomm wants to buy Intel. Would that be enough to overtake Nvidia?
Source: FastCompany
Anthropic, OpenAI’s largest startup competitor, has started talking to investors about raising capital in a deal that could value the startup at $30 billion to $40 billion
roughly doubling its valuation from a funding that closed early this year, according to an existing investor who spoke to company leaders. Source: www.theinformation.com https://lnkd.in/eQ9ZKAFC
BlackRock is preparing to launch a more than $30bn artificial intelligence investment fund
With technology giant Microsoft to build data centres and energy projects to meet growing demands stemming from AI, people briefed about the matter said https://on.ft.com/3Bh2aGG Source: FT
BofA: “today the average EPS growth rate among AI ETF constituents has fallen from 18% to just 5%, below the S&P 500.”
Source: Mike Zaccardi, CFA, CMT @MikeZaccardi via @dailychartbook
The old playbook is back thus far this week. Semis and AI leading back bid, growth outperforming.
Source: RBC, Bloomberg
BofA: AI may drive margin expansion for 23 of 25 industry groups
Source: Mike Zaccardi, CFA, CMT, MBA
Mapping out the current state of AI markets by :
"Most value has accrued to the semiconductor ecosystem ($130B+ in revenue this year from AI) and the data center buildout (number of US data centers is expected to double in the next four years). Energy is a legitimate bottleneck to the data center buildout, and hyperscalers/developers are aggressively acquiring real estate with power availability. The cloud companies are at a ~$20B run rate, with Microsoft generating ~$5B of that. We’re seeing increasing interest in AI applications but little large scale value creation yet. The AI app layer will ultimately determine the value of the industry as the current infrastructure buildout will become a bubble without value creation on the back end". Source: @EricFlaningam, Felicis
