Author: n Benj Edwardsn

Nvidia hits record $5 trillion mark as CEO dismisses AI bubble concerns

“I don’t believe we’re in an AI bubble,” says Huang after announcing $500B in orders.

On Wednesday, Nvidia became the first company in history to reach a $5 trillion market capitalization, fresh on the heels of a GTC conference keynote in Washington, DC, where CEO Jensen Huang announced $500 billion in AI chip orders and plans to build seven supercomputers for the US government. The milestone comes a mere three months after Nvidia crossed the $4 trillion mark in July, vaulting the company past tech giants like Apple and Microsoft in market valuation but also driving continued fears of an AI investment bubble.

Nvidia’s shares have climbed nearly 12-fold since the launch of ChatGPT in late 2022, as the AI boom propelled the S&P 500 to record highs. Shares of Nvidia stock rose 4.6 percent on Wednesday following the Tuesday announcement at the company’s GTC conference. During a Bloomberg Television interview at the event, Huang dismissed concerns about overheated valuations, saying, “I don’t believe we’re in an AI bubble. All of these different AI models we’re using—we’re using plenty of services and paying happily to do it.”

Nvidia expects to ship 20 million units of its latest chips, compared to just 4 million units of the previous Hopper generation over its entire lifetime, Huang said at the conference. The $500 billion figure represents cumulative orders for the company’s Blackwell and Rubin processors through the end of 2026, though Huang noted that his projections did not include potential sales to China.

Read full article

Comments

OpenAI data suggests 1 million users discuss suicide with ChatGPT weekly

Sensitive chats are rare but significant given the large user base.

An AI language model like the kind that powers ChatGPT is a gigantic statistical web of data relationships. You give it a prompt (such as a question), and it provides a response that is statistically related and hopefully helpful. At first, ChatGPT was a tech amusement, but now hundreds of millions of people are relying on this statistical process to guide them through life’s challenges. It’s the first time in history that large numbers of people have begun to confide their feelings to a talking machine, and mitigating the potential harm the systems can cause has been an ongoing challenge.

On Monday, OpenAI released data estimating that 0.15 percent of ChatGPT’s active users in a given week have conversations that include explicit indicators of potential suicidal planning or intent. It’s a tiny fraction of the overall user base, but with more than 800 million weekly active users, that translates to over a million people each week, reports TechCrunch.

OpenAI also estimates that a similar percentage of users show heightened levels of emotional attachment to ChatGPT, and that hundreds of thousands of people show signs of psychosis or mania in their weekly conversations with the chatbot.

Read full article

Comments

OpenAI data suggests 1 million users discuss suicide with ChatGPT weekly

Sensitive chats are rare but significant given the large user base.

An AI language model like the kind that powers ChatGPT is a gigantic statistical web of data relationships. You give it a prompt (such as a question), and it provides a response that is statistically related and hopefully helpful. At first, ChatGPT was a tech amusement, but now hundreds of millions of people are relying on this statistical process to guide them through life’s challenges. It’s the first time in history that large numbers of people have begun to confide their feelings to a talking machine, and mitigating the potential harm the systems can cause has been an ongoing challenge.

On Monday, OpenAI released data estimating that 0.15 percent of ChatGPT’s active users in a given week have conversations that include explicit indicators of potential suicidal planning or intent. It’s a tiny fraction of the overall user base, but with more than 800 million weekly active users, that translates to over a million people each week, reports TechCrunch.

OpenAI also estimates that a similar percentage of users show heightened levels of emotional attachment to ChatGPT, and that hundreds of thousands of people show signs of psychosis or mania in their weekly conversations with the chatbot.

Read full article

Comments

Expert panel will determine AGI arrival in new Microsoft-OpenAI agreement

New deal extends Microsoft IP rights until 2032 or until AGI arrives.

On Monday, Microsoft and OpenAI announced a revised partnership agreement that introduces an independent expert panel to verify when OpenAI achieves so-called artificial general intelligence (AGI), a determination that will trigger major shifts in how the companies share technology and revenue. The deal values Microsoft’s stake in OpenAI at approximately $135 billion and extends the exclusive partnership through 2032 while giving both companies more freedom to pursue AGI independently.

The partnership began in 2019 when Microsoft invested $1 billion in OpenAI. Since then, Microsoft has provided billions in cloud computing resources through Azure and used OpenAI’s models as the basis of products like Copilot. The new agreement maintains Microsoft as OpenAI’s frontier model partner and preserves Microsoft’s exclusive rights to OpenAI’s IP and Azure API exclusivity until the threshold of AGI is reached.

Under the previous arrangement, OpenAI alone would determine when it achieved AGI, which is a nebulous concept that is difficult to define. The revised deal requires an independent expert panel to verify that claim, a change that adds oversight to a determination with billions of dollars at stake. When the panel confirms that AGI has been reached, Microsoft’s intellectual property rights to OpenAI’s research methods will expire, and the revenue-sharing arrangement between the companies will end, though payments will continue over a longer period.

Read full article

Comments