The emergence of China's DeepSeek has shocked the US market and impacted Nvidia's market value. Now, with the official launch of Grok 3 by xAI, a company founded by Tesla CEO Elon Musk, it is evident that the US generative AI (GenAI) industry is still reliant on Nvidia's advanced AI chips to provide powerful computing capabilities.
Dow, S&P 500, and Nasdaq futures are rising in premarket trading Wednesday as the stock market braces for a crunch earnings report from Nvidia.
The week was abuzz with news from the tech world, with AI in the spotlight. Bill Gates warned of challenges for future generations, while Nvidia and Alibaba made strides in assistive tech and AI.
Elon Musk’s Grok-3 chatbot is helping the chipmaker reverse its record-breaking stock rout from three weeks ago.
Nvidia CEO Jensen Huang reported a profitable Q1 with $11 billion in revenue from the Blackwell AI chip. Huang emphasized the increasing demand for advanced AI models like Grok-3 and DeepSeek R1, highlighting the swift advancements in AI,
Its market cap dropped by $600 billion in one day. The chip giant is set to respond on this week's investor call.
Last year, xAI built a massive data center in Memphis, but the company has also been quietly setting up another facility in Georgia.
According to xAI’s blog, Grok 3 leverages Test-Time Compute at Scale (TTCS), a specific implementation of test-time scaling, to power its reasoning. This machine learning strategy enables the A.I. model to dynamically adjust computational resources, ensuring higher accuracy for complex queries while maintaining speed for simpler tasks.
Elon Musk’s xAI claims the newest version of its flagship “Grok” chatbot outperforms rival products offered by the likes of Sam Altman-led OpenAI and China-based DeepSeek — potentially
Dell is set to finalize a $5 billion deal to supply AI-optimized servers to Elon Musk’s xAI startup with narrow profit margins. Nvidia's dominance in the AI chip market forces server makers like Dell to adapt,
While his so-called Department of Government Efficiency is laying waste to the federal government, unelected White House advisor Elon Musk has massively benefited from government contracts propping up his business over more than 20 years.