Roasted AI Pin Seeks Sugar Daddy

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• Rivals Challenge Nvidia's AI Chip Dominance

• European AI Act

• 16 AI Companies agreed for AI Safety

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🥷 Rivals Challenge Nvidia's AI Chip Dominance

Nvidia's been the big cheese in the AI chip game for a while now, thanks to their beastly processors and that proprietary Cuda software they've got locked down. But some rivals and even Nvidia's own customers are teaming up to shake things up a bit.

Enter OpenAI's Triton - an open-source software that hit the scene back in 2021. This bad boy's goal? To break Nvidia's near-monopoly by allowing AI apps to run on all sorts of chips, not just Nvidia's.

And who's backing Triton? Tech giants like Meta, Microsoft, and Google - the same crew that's been pouring tons of cash into Nvidia's hardware. Talk about playing both sides! But hey, they're also cooking up their own AI chips on the side.

Now, Nvidia's been investing heavily in software too, even hiring more software engineers than hardware folks. But with their products costing an arm and a leg, and supply shortages galore, companies are scoping out alternatives. Triton's caught everyone's eye with its efficiency and ability to adapt to different chip architectures - from Nvidia's GPUs to AMD and Intel chips.

Part of the appeal is avoiding what some devs call the "Cuda tax" - the costs and limitations that come with being tied to Nvidia's proprietary software. It's like paying a premium for being a loyal customer, but who wants that?

While the shift to Triton and other open-source solutions like Intel's OneAPI and Chris Lattner's Mojo is happening, analysts reckon Nvidia will still hold a hefty chunk of the market for years to come. Old habits die hard, eh?

But the real challenge isn't just making competitive hardware; it's building a software ecosystem that can go toe-to-toe with Nvidia's all-in-one offerings. A real David and Goliath situation, if you ask me.

Still, Big Tech execs like Intel's Greg Lavender are optimistic about the software landscape evolving and the market becoming a bit more balanced down the line. Who knows, maybe Nvidia's reign as the AI chip kingpin won't last forever after all! Only time will tell, but one thing's for sure: it's gonna be a wild ride!

💸 Struggling AI Pin Company Seeks $1B Buyer

We've got some hot goss brewing in the AI startup world.

Remember that Humane AI Pin that got absolutely roasted when it launched last November? Yeah, the one that had influencers dragging it left and right for being overpriced, sluggish, and just generally not vibing with users?

Well, it seems the folks over at Humane are now looking to pass that hot potato to someone else!

Word on the street is that Humane's working with an adviser to find a deep-pocketed buyer willing to drop a casual $750 million to $1 billion on their little AI venture. 

I know, I know, that's a metric ton of cash, but hey, a startup's gotta shoot their shot, right?

Now, in a bid to make their AI Pin a bit more appealing, they recently integrated OpenAI's shiny new GPT-4o technology into the mix. The idea was to give their Pin a boost in understanding our requests and serving up more accurate responses. Because let's be real, those negative reviews definitely put a dent in the Pin's reputation.

But here's the kicker - despite all the drama, Humane had managed to rake in a whopping $230 million from investors, including the big cheese himself, Sam Altman, the CEO of OpenAI. And get this, there are whispers that good ol' Sam might be cooking up something similar with none other than Apple's design legend, Jony Ive. Now, that's a collaboration we'd all love to see!

So, there you have it, Humane's trying to offload their AI Pin, OpenAI's tech is along for the ride, and the startup world is still as dramatic as ever.
Stay tuned for more juicy details, because you know this saga ain't over yet!

AI Tools - PROJECTS TO TRY

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☑️LLM Pricing: Price comparison tool for LLMs, Developed by Claude 3 Sonnet with HTML, JavaScript, Cloudflare Workers API.

☑️JustShip: Launch kit for SaaS, AI and more. It cuts setup time by 25+ hours for iOS dev. Features include authentication, analytics, and databases.

☑️Thinkstack AI: Enables Building AI-powered chatbots trained on your data. Customize appearance, tone, support, multiple languages.

EVERYTHING YOU NEED TO KNOW TODAY

• Funding: AI data-labeling startup Scale AI, which provides clean data to companies training advanced AI models, raised a whopping $1B in Series F funding — valuing the company at nearly $14B.

• AI Act: Europe`s landmark AI Act passed its final hurdle after endorsement by the EU, which will bring comprehensive rules, strict fines, and new restrictions on high-risk AI apps.

• Safety Agreement: 16 AI Companies—including Amazon, Google, Microsoft, Meta nad OpenAI have agreed to a set of AI safety measures: the "Frontier AI Safety Commitments" at the international AI Safety Summit in Seoul.

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