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Today’s AI Secret:

• Daily Trending & Featured AI.

• Nvidia's AI boom fuels continuous millionaires.

• Intel's AI strategy confuses Wall Street.

• How to encourage employees to use AI?

• More AI Quick Heats.

Read Time: 3-5 minutes

SECRET AI

Daily Trending AI.

Secret Featured AI.

SECRET HIGHLIGHT

Nvidia's AI boom fuels continuous millionaires.

NVIDIA, a leading tech company, has remarkably transformed numerous investors into millionaires with its unpredictably soaring stock, and it shows no sign of stopping.

A closer inspection of NVIDIA provides an insightful narrative of its journey. The company began in 1993, parallel to the blossoming era of personal computers. In 1995, it introduced the first mainstream consumer-oriented graphics processing card that revolutionized the PC business and transformed personal computers into potent gaming consoles.

From its moderately small public offering in 1999 to becoming a staggering $1.5 trillion powerhouse currently, NVIDIA has experienced a spectacular growth of 150,000% in stock value! Although the company encountered turbulence that led some investors to retreat, shareholders who stood firm through the highs and lows undoubtedly reaped substantial benefits. Many of them even attained millionaire status through their NVIDIA investment.

The Future Looks Promising for NVIDIA:

• Shift to AI as Growth Engine: Nvidia's focus has shifted from graphics processing to artificial intelligence. The architecture used in graphics cards is well-suited for AI, leading to Nvidia's development of AI processors and the deep-learning supercomputer DGX-1 in 2016. AI now constitutes about three-fourths of Nvidia's revenue, indicating a successful strategic pivot.

• AI Market Growth and Future Potential: With the AI hardware market expected to grow by over 24% annually until 2030, NVIDIA is well-positioned to capitalize on this expansion with its current leadership in the field.

However, the NVIDIA success story does come with a cautionary note. The company's stocks are susceptible to extreme volatility due to constant attention and rich valuation. Nonetheless, experienced investors appreciate that long-term patience and endurance can lead to significant financial rewards.

While NVIDIA has already created countless millionaires, it is anticipated to generate many more in the coming future as it continues to champion the world of technology and redefine its boundaries.

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SECRET HIGHLIGHT

Intel's AI strategy confuses Wall Street.

Intel is currently navigating a challenging landscape within the AI and chip market, confronted by declining profits in its data-center arm, while seeking to maximize the surge in AI opportunities.

The Details:

• Intel's Financial Performance: Intel's revenue rose by 10% this quarter with better gross margins, but annual revenue fell by 14% with reduced margins. The company anticipates a weak Q1, especially in data-center sales, and hasn’t fully capitalized on AI endeavors. Post-forecast, Intel shares dropped 11%.

• A uncertain future does not attract investors: Intel's Client Computing Group (CCG), known for its AI-powered PC chips, is experiencing unclear and slow growth. Meanwhile, the company's Data Center and AI Infrastructure Group (DCAI) is struggling with decreasing revenue and operational hurdles.

• Market Position and Competition: Intel's struggles in the DCAI segment and lack of significant AI accelerator partnerships highlight its challenges in competing with Nvidia and AMD in the AI computing market.

The year 2024 is crucial for Intel to regain its competitive edge in the AI and chip industry, amidst questions about its ability to innovate in manufacturing and product development.

SECRET HIGHLIGHT

How to encourage employees to use AI?

Companies are increasingly pushing for the use of AI, as it stands to offer many improvements. Yet, there's resistance from some employees who are hesitant to embrace new technology.

Breaking it Down:

• Resistance to AI from Employees: According to the Cisco AI Readiness Index, about 31% of organizations are facing a reluctance from their employees to use AI.

• Rush to Adopt AI: An overwhelming 97% of company leaders see a pressing need to bring AI technologies into their fold.

• How to Encourage Employee AI Adoption: Top recommendations from leaders suggest clearly defining the benefits of AI and how it can simplify tasks, making work more enjoyable.

Looking Ahead:

• Transforming Views with GenAI: Generative AI (GenAI) can alter the way employees view AI, as they see how it enhances job performance and opens new doors, instead of merely automating tasks.

• AI for Job Enrichment: Leaders envisage AI not only as a tool for task automation, but one that can make work more engaging and fulfilling, possibly leading to heightened productivity and job satisfaction.

• Growing with AI: The integration of AI, including GenAI, may not only redefine job roles but also spur workforce expansion and revenue growth. This underlines the need for an adept workforce capable of developing and ensuring trust in AI.

QUICK HEATS

The 1st International Workshop on Artificial Intelligence for Sustainable Development - ARISDE 2024 will focus on research in AI that promotes sustainable societal growth and presents a platform for industrial partners to align with UN sustainability objectives. Topics covered range from AI in education and resource management to green AI and ethical considerations.

U.S. and China urged to partner for AI safety by White House adviser - The U.S. and China, despite ties and rifts, are urged by OSTP Director Arati Prabhakar to collaborate on AI, especially on safety standards. Amidst these tensions, U.S. AI companies discreetly engage with Chinese counterparts, balancing innovation with geopolitical challenges.

OpenAI chip shortage continues - CEO Sam Altman is scheduled to have discussions with executives from Samsung and SK Hynix in South Korea about potential collaborations on chips. Both companies are known for their production of high-bandwidth memory chips, which are essential for AI technologies. SK Hynix, in particular, is working towards becoming a leading provider of memory solutions for AI applications.

Taylor Swift is facing AI porn nightmare - AI-generated nude images of Taylor Swift are proliferating online, with tech companies struggling to curb the spread. This troubling trend not only affects celebrities but also poses risks to women and teenagers, with instances of bullies using similar technology for harassment. The legal response focuses on protecting celebrities' rights, with the effectiveness of broader protections still uncertain.

AWS plans $10 billion investment in two Mississippi data centers - Amazon's AWS will invest $10 billion to construct two data center complexes in Mississippi, boosting its cloud infrastructure as AI demands increase. Following a significant investment in Japan and Google's new London data center, AWS plans to create 1,000 jobs through this expansion. Since 2010, Amazon has invested $2.3 billion in Mississippi.

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