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Nvidia Stock is Booming
📈 The market has spoken, AI is the Future...
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In Today’s Edition
📈 Nvidia Stock Booming
🏦 Softbank Enters AI Race
🚀 US Lands on the Moon
🧠 Neuralink Test Successful
🤖 AI Applications in Dementia & Materials
Market
Nvidia Grows Grows Grows
📈 Nvidia surpassed Wall Street predictions in Q4 with $5.16 EPS and $22.10 billion revenue, causing a 10% stock rise.
Driven by AI demand, its graphics processors led to a 769% net income increase to $12.29 billion. The Data Center business is now its main revenue source, overcoming U.S. export restrictions and market challenges. 💻️
🎮️ Despite modest gaming growth and upcoming supply constraints, Nvidia shows robust overall growth and market adaptation.
Bioptimus AI Raises $35M (Seed Round)
Bioptimus, a Paris-based generative AI startup, focuses on biology and deals with the complexities of biological data. 🧪
It has raised $35 million in a seed round led by Sofinnova Partners, with contributions from Bpifrance and Cathay Innovation. 💵
Bioptimus aims to enhance disease diagnosis, precision medicine, and biomolecule development. It operates with support from Owkin and leverages AWS's infrastructure for model training. 🔬
AI
Softbank Enters AI Chip Race
Masayoshi Son, the founder of SoftBank Group, is launching a new $100 billion AI venture, Izanagi, to create AI chips, competing with giants like Nvidia. 💵
SoftBank plans to collaborate with Arm, in which it holds a 90% stake, and aims to raise $70 billion from Middle Eastern investors and $30 billion from its own resources. 🏦
This move reflects SoftBank's strategic shift towards AI, following its divestment from Alibaba and a significant loss in its Vision Fund.
Tech Companies vs. Elections Deep Fakes
🚨 Major tech companies and AI startups, including Microsoft, Meta, Google, and OpenAI, have pledged to fight political deepfakes, adopting a unified framework at the Munich Security Conference.
They aim to detect and label deceptive content while preserving legitimate uses like satire and education. Critics view the accord as symbolic, lacking legal force. 📺️
In response to the rising threat of deepfakes, U.S. states have passed laws, and the EU is legislating clear labeling of AI-generated content. Public concern grows as deepfakes become more prevalent, notably affecting elections. 🤡
Startup Uses AI to Create New Materials
Orbital Materials, led by former DeepMind researcher Jonathan Godwin, is advancing AI in material science with its AI model Linus, which designs new materials for uses like batteries and CO2 capture. ⚛️
Linus has made notable strides, including developing a new CO2 capture filter. The London-based startup, with a recent $16 million Series A funding, aims to revolutionize the traditional material discovery process, focusing on accelerating design and commercialization of advanced materials. 🦿
AI Predicts Dementia (15-Years Early)
Chinese scientists have developed an AI-based method to predict dementia, including Alzheimer's, up to 15 years in advance. 🧓
The study, involving over 50,000 UK Biobank participants, utilized blood samples and lifestyle data. By analyzing proteins in blood plasma with AI, specific biomarkers for dementia risk were identified, enhancing early detection and intervention. 🧠
Introducing Stable Diffusion 3
Stability AI announced Stable Diffusion 3 (SD3), a new AI image generation model competing with OpenAI and Google. 🖼️
☕️ It features a versatile architecture for various hardware types and includes advanced technologies like a "diffusion transformer." While not yet released, SD3 focuses on a wide range of applications and emphasizes direct hardware utilization.
Safety and misuse prevention are key concerns, with details to be disclosed in future updates. The full capabilities of SD3 remain speculative until its release.
Space & Tech
Neuralink’s Telepathy Test Successful
💻️ Neuralink has achieved a significant milestone in brain-computer interface technology by successfully implanting its "Telepathy" brain chip in a human.
This development, part of the PRIME Study, allows the patient to control a computer mouse using thought alone. The implantation, conducted with a precision surgical robot, demonstrates the potential of this technology to improve the quality of life for individuals with paralysis by enabling them to operate various tech devices using their minds. 🧠
US Lands on the Moon
In a historic event, the United States has successfully landed the robotic lander Odysseus, built by Intuitive Machines, on the moon. 🚀
This marks the first American lunar landing since 1972 and the first ever private spacecraft soft-landing on the moon. The landing, part of NASA's Artemis program for long-term lunar presence and future Mars missions, took place at the lunar south pole, targeting potential water ice resources.
The mission, launched on SpaceX's Falcon 9, carried various payloads including NASA instruments and signifies a growing trend in lunar exploration, highlighting a new moon race, especially between the U.S. and China. 🌒