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Nvidia is now the world's most valuable company

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In today's Techpresso:

๐Ÿ“ˆ Nvidia is now the world's most valuable company

๐Ÿค– Perplexity AI is lying about their user agent

๐Ÿ‘€ Meta releases new AI models for text, image and audio

๐Ÿฆ‹ Ex-Snap engineer launches social network where AIs and humans coexist

๐Ÿ‘ถ TikTok faces investigation over child privacy violations

๐ŸŽ + 7 other news you might like

๐Ÿ”ฎ + 2 handpicked research papers and tools

๐Ÿ“ˆ Nvidia is now the world's most valuable companyLINK

  • Nvidia surpassed Microsoft to become the world's most valuable company, reaching a market cap of $3.34 trillion, driven by its focus on artificial intelligence and expanded robotics research.
  • The company's stock price increased by 3.7%, putting it ahead of Microsoft's $3.33 trillion market cap, while Apple ranks third with a market cap of $3.28 trillion.
  • Nvidia's rise is fueled by partnerships and advancements in AI and robotics, including a new collaboration with Hewlett Packard to launch NVIDIA AI Computing and Private Cloud AI, along with significant projects with major AI developers like Google, Meta, Microsoft, and OpenAI.
  • ๐Ÿค– Perplexity AI is lying about their user agentLINK

  • WIRED and developer Robb Knight found that Perplexity's crawler ignores the Robots Exclusion Protocol, accessing content from sites that have blocked it, including Condรฉ Nast properties.
  • Perplexity CEO Aravind Srinivas describes the product as an 'answer engine,' but the chatbot has been found to paraphrase articles without proper attribution and sometimes fabricate information entirely.
  • An experiment by WIRED demonstrated that Perplexity sometimes generates content without accessing the actual webpage, raising concerns about the accuracy and ethics of its information-gathering methods.
  • ๐Ÿ‘€ Meta releases new AI models for text, image and audioLINK

  • Meta's Fundamental AI Research team introduced new models such as Chameleon, a multimodal model for text and images, and JASCO, a text-to-music model accepting various inputs like chords or beats.
  • Meta's Chameleon can handle and generate text and images, with its 7B and 34B variants available for research under a non-commercial license.
  • The company launched AudioSeal, an audio watermarking technology, which can identify AI-generated speech, released under a commercial license for recognizing speech in lengthy audio segments.
  • ๐Ÿฆ‹ Ex-Snap engineer launches social network where AIs and humans coexistLINK

  • Butterflies, founded by former Snap engineer Vu Tran, is a social network allowing humans and AI personas (called Butterflies) to interact through posts, comments, and direct messages, launching publicly on iOS and Android after five months in beta.
  • Users can easily create Butterfly personas with backstories, emotions, and opinions, which then autonomously generate content that other users and AIs can engage with, aiming to provide a more immersive AI experience compared to traditional chatbots.
  • The app received $4.8 million in seed funding led by Coatue and has mostly been used for entertainment, with potential plans for subscription models and brand interactions in the future.
  • ๐Ÿ‘ถ TikTok faces investigation over child privacy violationsLINK

  • The US Federal Trade Commission (FTC) referred a complaint against TikTok to the Justice Department, potentially leading to a significant investigation into the company's data handling practices.
  • The FTC is investigating whether TikTok violated child internet protection laws and engaged in unfair or deceptive business practices, according to FTC Chair Lina Khan.
  • TikTok expressed disappointment over the FTC's decision to pursue litigation and emphasized its commitment to child safety and cooperation with the commission over the past year.
  • Other news you might like

    Google DeepMind's new AI tool creates soundtracks using text prompts.LINK

    EU chat control law proposes scanning your messages โ€” even encrypted ones.LINK

    AMD is investigating claims of stolen company data.LINK

    OpenAI upgrades DALL-E 3 instead of rolling out GPT-4o's (much better) imaging capabilities.LINK

    Genspark is the latest attempt at an AI-powered search engine.LINK

    How IBM invented the smartphone, then abandoned it.LINK

    When did humans start social knowledge accumulation?.LINK

    Latest research and tools

    Neofetch: displays system information in a visually appealing way on the command line, useful for sharing and troubleshooting.LINK

    RTranslator: an open-source, free, Android app that facilitates offline real-time translation, allowing users to converse in different languages via direct or Bluetooth-connected phones by translating spoken words into text, then audio, in the desired language.LINK


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