This is an AI generated chart
Source: Murilo Pereira
This is an AI generated annotated chart
Source: Murilo Pereira
VC funding deals in 2023 so far:
💰50 largest VC funding deals reached $32B so far in 2023, with $13.2B of that for AI startups🤖. 🤖OpenAI, the company behind ChatGPT, is currently the recipient of the largest venture funding deal of 2023 so far at $10B. Source: Genuine Impact
Here's a chart showing mentions of "AI" on earnings calls and transcripts
Mentions of "AI" in 2023 have basically broken this chart. We went from ~500 mentions in 2015 to ~30,000 this year and we still have 4 months left. Corporations really want to cash-in on the artificial intelligence hype. Source: Bloomberg, The Kobeissi Letter
OpenAI on Monday announced its biggest news since ChatGPT’s debut: It’s launching ChatGPT Enterprise, the AI chatbot’s business tier, available starting today
The tool has been in development for “less than a year” and had the help of more than 20 companies of varying sizes and industries, including Block, Canva and The Estée Lauder Cos. ChatGPT Enterprise includes access to GPT-4 with no usage caps, as well as performance up to two times faster than previous versions and API credits. ChatGPT Enterprise provides all the core capabilities of ChatGPT like essay writing and coding assistance. But it also adds enterprise-grade features like enhanced privacy controls, usage analytics, and performance boosts. This puts it on par with Microsoft's Bing Chat Enterprise in terms of targeting workplace usage. With ChatGPT Enterprise, companies get admin tools to manage employee access, shareable conversation templates to build workflows, and API credits for custom integrations. Source: CNBC, cyberkendra
If Nvidia continues like this, the chip company will soon be as big as all 40 Dax comps combined
Source: Bloomberg, HolgerZ
Nvidia CEO: "Software Is Eating the World, but AI Is Going to Eat Software" (and Nvidia eats AI?)
After Nivdia $NVDA earnings 🚀🚀🚀 yesterday: 1. Nvidia is now worth 8.8x more than Intel 2. Nvidia is now worth 6.9x more than AMD 3. Nvidia is now worth nearly 3x as much as JP Morgan by market cap 4. Nvidia is now the 5th most valuable public company 5. Nvidia expects $183 million in revenue per DAY in Q3 6. EPS increased by nearly 900% since last year 7. Short sellers have now lost nearly $10 BILLION this year Source: Baris Aksoy, The Kobeissi Letter
Jackson Hole might NOT be the key market driver
Indeed, nvidia ($NVDA) results tonight could be THE main market event this week given the weight of Nvidia in the main #us #equity indices (4.6% of Nasdaq 100 and 3.1% of S&P 500) and the level of market expectations in terms of top-line growth (68% QoQ) and gross margins (+400bps improvement). Moreover, the Street (and algos) will count the number of times that Jensen says "AI" during the conf call this evening... Source: Markets Mayhem
