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🤖 Nvidia Dominates AI Boom
Today: Netflix Growth Data | ChatGPT Challenger | Nvidia's AI Bom in Numbers
Kristoffer Lindström
August 24, 2023
Hey there!
Today is Thursday, August 24th. Nvidia just blew everyone's minds by reporting numbers that exceeded even the wildest expectations, thanks to the AI boom. And guess what? There are some juicy rumors swirling around about the upcoming iPhone 15. So, without further ado, let's jump right into today's hottest headlines!
Netflix US Growth Continues
Naver Challenges ChatGPT
Nvidia Dominates AI Boom
iPhone 15's Potential Colors Revealed
iOS 17 Beta 7: Key Updates
Apple's Smart Ring Evolution
and more...
READ TIME: 3.0 MINUTES
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Tech Companies
Netflix Inc. sees a surge in US sign-ups despite its recent password sharing crackdown. About 2.6 million new users joined in July, marking a significant rebound after stagnant growth in previous years.
As major social media platforms face challenges, LinkedIn emerges as a preferred site for users seeking genuine engagement and self-promotion. The platform, owned by Microsoft, reported a 41% increase in content sharing this spring compared to 2021.
TikTok is integrating sponsored content into its search results, allowing advertisers to place ads alongside organic content. These ads, marked with a "sponsored" label, will be automatically enabled for advertisers.
Quick
Spotify rolls out advanced tools for podcasters, including show customization, analytics, and improved discovery mechanisms.
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AI Corner
South Korea's largest internet search company, Naver, has launched its generative AI service, Cue:, aiming to compete with global giants like OpenAI's ChatGPT.
Nvidia's recent Q2 earnings highlight its pivotal role in the generative AI surge. CEO Jensen Huang emphasized the global shift from general-purpose to accelerated computing and generative AI. Nvidia, supplying key AI chips like A100 and H100, has become the backbone for AI applications, including OpenAI's ChatGPT. With increasing demand, cloud service providers are integrating Nvidia's AI hardware, signaling a broader industry adoption.
Xero's report reveals 69% of small businesses face challenges with generative AI tools, despite the growing trust in AI technologies. Issues include biases, decreased morale, and efficiency concerns. Additionally, 23% experienced security or privacy issues post-AI integration.
Markets & Money
Nvidia's Q2 revenue surged by 88%, surpassing estimates, driven by robust demand for their AI chips. The company's data center business reported a 171% annual growth, reaching $10.32 billion.
Snowflake's Q2 non-GAAP earnings reached 22 cents a share, surpassing the 10 cents estimate. The company reported $674 million in overall revenue, beating the anticipated $662 million. Product revenue stood at $640.2 million, outpacing the $626 million forecast.
Apps & Gadgets
Reputable leaker reveals colors Apple tested for the upcoming iPhone 15, including an unexpected orange. Pink, Green, Blue, and Midnight are likely contenders for the final release.
In response to the EU's Digital Services Act, Meta introduces transparency measures on Instagram and Facebook, including a chronological feed option for Stories and Reels.
iOS 17 Beta 7 refines features, including a repositioned end call button in the Phone App and enhanced haptic feedback for Silent Mode. Apple also tweaks Health app's State of Mind animations.
Apple's newly-granted patent reveals a Smart Ring with haptic notifications and pressure-sensitive input, allowing wearers to interact with various devices. This follows numerous Smart Ring patents since 2015.
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