This week has been buzzing with important developments in the world of technology, with artificial intelligence (AI) at its heart. From record profits driven by AI demand to potential export rule violations, the tech industry has kept us on our toes. Here’s a quick roundup of the top stories that shaped the weekend.
Nvidia supplier SK Hynix hits record profits
SK Hynix HXSCF, a major supplier to Nvidia Corp. NVDA, reported record quarterly profits due to growing demand for artificial intelligence technology. The South Korean semiconductor company posted a 7% increase in revenue from the previous quarter, marking its highest quarterly sales ever.
Read the full article here.
TSMC chips installed in Huawei’s AI products
Taiwan Semiconductor Manufacturing Company TSM has alerted the US Department of Commerce after a technology research firm discovered one of its chips in a Huawei product. The product in question is Huawei’s Ascend 910B, considered the Chinese company’s most advanced AI chip.
Read the full article here.
See also: Plug Power, EVgo, Enovix: Analysts’ clean tech picks to hedge election risk and avoid uncertainty
Chinese AI companies ignore US chip sanctions
Despite US chip sanctions, Chinese AI companies such as Alibaba Group Holding, BABA and ByteDance are making progress in reducing AI costs. These companies focus on smaller datasets, hire cheaper engineering talent, and optimize their hardware.
Read the full article here.
Apple intelligence revolutionizes products
Apple Inc. AAPL CEO Tim Cook has high hopes for Apple Intelligence, believing it will make his products “very different.” Cook expects the release of Apple Intelligence to be one of the biggest technology releases in Apple’s history.
Read the full article here.
Nvidia’s new AI model outperforms competitors
Nvidia Corp. introduced a new AI model, Llama-3.1-Nemotron-70B-Instruct, which reportedly outperformed competitors in benchmark tests. This model is built on Meta Platforms Inc.’s META Llama 3.1 framework and exhibits amazing efficiency and performance.
Read the full article here.
Read next:
Photo credit: Shutterstock
This story was generated using Benzinga Neuro and edited by Rounak Jain.
Market news and data powered by Benzinga API
© 2024 Benzinga.com. Benzinga does not provide investment advice. Unauthorized reproduction is prohibited.
