Amazon enters elite $2tn club as AI optimism fuels rally.
Amazon up ~27% this year, driven by improving growth trends as AI re-accelerates its cloud-computing business. The milestone puts Amazon into an exclusive club of comps worth $2tn or more: Alphabet crossed the level in April, while Nvidia, Microsoft, and Apple are all worth north of $3tn. (via BBG)
Jensen Huang said that the next wave of AI is set to automate $50 TRILLION heavy industries
He also said, "The Blackwell architecture platform will likely be the most successful product in our history and for the entire history of computers." Source: Stocktwits
⚠️ JUST IN: *DELL, NVIDIA AND SMCI COLLABORATE TO POWER ELON MUSK'S GROK AI FACTORY
$SMCI and $NVDA, rose over 4% in overnight trading after Elon Musk says they are working on AI supercomputer for xAI. $DELL has announced a partnership with hashtag#NVIDIA to construct an AI Factory designed to boost the capabilities of Grok, an AI model developed by Elon Musk's company, xAI. Source: www.investing.com, www.msn.com
Is AI taking jobs away from Software Developers? 🤔
Source: Barchart
Apple is #2 again with a market cap of $3.17tn after Tuesday's AI rally.
Source: Bloomberg, HolgerZ
Chief executive Tim Cook said the iPhone maker’s 'next big step' will be driven by generative AI and large language models.
Apple on Monday said it has partnered with OpenAI to integrate ChatGPT into its devices, as chief executive Tim Cook set out the iPhone maker’s “next big step” driven by generative artificial intelligence and large language models. Cook and his team outlined upgrades to the company’s software ecosystem coming this year at Apple’s annual developer conference on Monday, aiming to leverage the power of AI to provide a smarter Siri voice assistant and more personalised features on its devices to enhance productivity and tap into more advanced computer intelligence. This year’s Worldwide Developers Conference has been watched especially closely as investors waited to see how Cook will position the company to take advantage of generative AI, amid concerns it is falling behind its Big Tech competitors. Link >>> https://lnkd.in/eNQdmDW9 Source: FT
Billionaire Elon Musk said he would ban Apple devices from his companies if OpenAI’s software is integrated into the products at the operating system level.
In a series of posts on his social media platform X, Musk shared concerns about whether Apple and OpenAI will protect users’ information. He called the software integration between the two companies “an unacceptable security violation,” and said Apple has “no clue what’s actually going on.” “It’s patently absurd that Apple isn’t smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security & privacy!” Musk wrote after the event. The remarks followed a presentation Monday by Apple, when it said that customers would have access to OpenAI’s ChatGPT chatbot through the Siri digital assistant. Apple plans to roll out the capabilities as part of a suite of new AI features later this year. Musk co-founded OpenAI but had a falling out with the San Francisco-based startup. Source: HolgerZ
In the first three weeks of May, OpenAI’s ChatGPT averaged 77 million daily visits, putting it on track to reach 2.3 billion visits last month
A new monthly record after setting its previous record of 1.8 billion visits a year ago. Source: Beth Kindig $MSFT $NVDA $GOOG $AMZN
