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Interest in artificial intelligence companies continued to make headlines this week, with investors betting on chipmaker Nvidia (NASDAQ:NVDA).
Nvidia (NVDA) Chief Executive Jensen Huang, none other than Nvidia (NVDA) Chief Executive, commented on AI, saying that artificial intelligence is at a “tipping point” and will be one of Nvidia’s (NVDA) leading sources of revenue and growth in the coming year become.
The fact that Huang made his comments during a conference call to discuss Nvidia’s (NVDA) fourth-quarter results and outlook didn’t go unnoticed on Wall Street. Investors pushed Nvidia (NVDA) shares up 14% in response to Huang citing AI generation and the strength of gaming and data centers as key drivers of the company’s positive performance and outlook.
Facebook parent company Meta Platforms (NASDAQ:META) wouldn’t go a week without making an impact on AI. On Friday, Meta (META) unveiled the so-called Large Language Model Meta AI – or LLaMA for short. Meta (META) said LLaMA is “a cutting-edge fundamental large language model designed to help researchers advance their work in this subfield of AI.” The LLaMA is intended to be used for research advances, as opposed to the conversational technologies run by ChatGPT.
C3.ai (AI), which due to the “AI” in its company name, announced an extension of its AI agreements with Amazon Web Services (AMZN) to include integrated applications such as C3 AI Law Enforcement with AWS services.
Chinese e-commerce and internet giant Baidu (BIDU) drew attention when it said earlier this week that it would begin “fully integrating” its conversational AI chatbot into all of its business operations. The chatbot, called ERNIE, will be integrated into services such as Baidu’s search (BIDU) and AI Cloud.
Meanwhile, Microsoft (NASDAQ:MSFT), which has been making waves with its multi-year, multi-billion dollar investment in ChatGPT developer OpenAI, has released new AI-powered versions of the Bing search engine and Edge browser for Apple (AAPL) iOS unveiled and Google (NASDAQ:GOOG) Android devices, after previously unveiling web-based offerings of those services with embedded AI.