STORY: From Elon Musk's startup's successful funding round to U.S. lawmakers trying to curb exports of artificial intelligence systems, brought to you by AI Weekly.
:: AI Weekly
xAI raised $6 billion in Series B funding at a $24 billion valuation as investors bet big on a challenger to companies like OpenAI.
It was co-founded by Elon Musk, who later resigned.
xAI says the funding will help develop future technologies, including a reported supercomputer.
:: NVIDIA
Nvidia's strong quarterly earnings outlook and stock split have sent the company's shares to all-time highs.
The chipmaker's value has tripled in the past year on AI hopes.
Nvidia holds more than 80% of the market share in AI chips, and analysts such as Carnegie Investment Counsel's Greg Holter expect the company to maintain that position.
“From all indications, and their ability to charge $40,000 per chip, they have something that no one else has. AMD is trying to catch up, Intel is trying to catch up. Right now, Nvidia is leading the way, and maybe that's the first-mover advantage.”
:: Amazon
Amazon plans to introduce a more conversational, AI-powered version of Alexa later this year, CNBC reports.
The paper suggested the e-commerce giant plans to charge a monthly fee for its voice assistant to offset technology costs.
Amazon declined to comment.
:: Ferrari VNR
Michael Schumacher's family has secured approximately $216,000 in damages over an AI-generated magazine “interview.”
The seven-time Formula One world champion suffered a severe brain injury in the French Alps in 2013.
The April 2023 issue of Die Aktuelle magazine featured fake “quotes” created using AI.
Finally, US lawmakers have backed legislation that would make it easier to restrict the export of AI systems.
The House Foreign Affairs Committee has expressed concern that China could use AI models to strengthen its military capabilities, posing potential risks to U.S. national security.
