Locator: 51728MUSE.
Tag: Facebook Muse
The big story today: one's personal assistant. The personal assistant for the rest of us. Most of us already have it. Maybe we will talk about it later.
Reality: link here or link to Barron's. Why Nvidia stock (NVDA) coud be the best chip bet in an AI slowdown.
Let’s be clear, an AI slowdown led by Anthropic and OpenAI would be bad news for Nvidia. It might eventually reduce demand for its chips from two major customers and reduce or delay the benefit it expects from their IPOs.
Nvidia invested $30 billion in ChatGPT-developer OpenAI at a valuation of $730 billion in February. It agreed to invest up to $10 billion in Anthropic late last year, which CNBC reported at the time put Anthropic’s valuation at around $350 billion. Either of those two not launching an expected-mega IPO as planned would hurt.
But, at the same time, Nvidia has been reducing dependence on a few large customers by backing the wider AI ecosystem, investing in start-ups and supporting open-source AI models—meaning those free for users to download and modify. That contrasts with OpenAI or Anthropic, which generally maintain full control of their models. Nvidia just struck a $12.9 billion deal to acquire open-source AI development platform Hugging Face earlier this month.
Winner: someone consumers can trust. Apple.
See disclaimer.
The real winner: China.
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
