📈 AI fixation adds up to better-than-expected earnings

Plus: ☁️ Nvidia launches AI factories, Your money auto-pilot and learning AI tools.

July 28, 2023

Good morning Family 🙏,

Can’t believe it’s Friday already, time flies, and of course, the tech world moves fast as the speed of light, even as analysts predict consumer adoption of generative AI services will grow at a more modest pace over the next 2 years. For now, major companies like Google and Microsoft are investing heavily in AI, as evidenced by their latest earnings reports and benefiting financially as a result.

Nvidia is also furthering its AI capabilities, announcing new factories for GPUs, a key AI hardware component. Meanwhile, AI and automation continue making personal finance easier for many consumers. We'll keep covering all the latest AI trends, so be sure to share this newsletter with family and friends."

  • 📈 AI fixation adds up to better-than-expected earnings

  • ☁️ Nvidia launches AI factories to compete with Cloud providers.

  • 💰 Money on Auto-pAilot

  • 🧰 AI Tools of the Day (Tools to Learn and Teach)

  • 📚 The Learning Corner (Ai for Business)

  • 💪🏽 Important AI News and Trends

  • 🌐 Web3 and Tech news

🎲 Today’s Trivia:

Can you explain to a 5-year-old what a cloud-server chip is? The ones developers use to train AI software? (See answer below)

📈 AI fixation adds up to better-than-expected earnings

Google and Microsoft mentioned AI extensively in their recent earnings calls, reflecting their focus on investing in and commercializing AI tech. Both companies beat earnings expectations, but investors favored Google as its stock rose. Microsoft is betting on AI to boost Azure, Office, and Bing, but Azure's growth slowed slightly, while Google is using AI to defend its search dominance and simplify advertising. However, consumer interest in generative AI may be hitting a plateau.

  • Alphabet mentioned "AI" 90 times in its earnings call, up from 19 times a year prior. Microsoft referenced AI over 70 times.

  • Alphabet's Q2 revenue beat analyst predictions. Its stock rose 6% after earnings.

  • Microsoft's Q2 revenue also exceeded forecasts. But its stock fell 4% post-earnings.

  • Azure revenue grew 26% year-over-year, slowing from 27% last quarter and 40% a year ago.

  • Google's search revenue grew 4.8% year-over-year and 5.6% quarter-over-quarter.

  • Analysts predict consumer use of generative AI services will grow at a more modest pace over the next 2 years, despite Microsoft and Google's focus.

☁️ Nvidia launches AI factories to compete with Cloud providers.

Nvidia is offering its AI supercomputers with its newest GPUs for rent through the DGX Cloud service, allowing users to access their high-performance AI hardware and software packages. The cloud service is available worldwide except where subject to U.S. export controls and can be accessed through Nvidia's cloud infrastructure or Oracle's cloud service.

The rentals include access to Nvidia's cloud computers with H100 or A100 GPUs and 640GB of GPU memory, aimed at running AI applications for large language models. However, the pricing is relatively high compared to other cloud providers, and using Nvidia's proprietary hardware and software may lead to lock-in for customers. Nvidia's AI hardware is in demand as the interest in generative AI grows for various industries. The battle for limited cloud computing is bound to intensify as more AI apps are being built and deployed.

In Partnership with:

Join the top minds in the industry and use our code below for an 18% discount.

Let’s meet there, register by:

Using code “YARO18” for 18% Off.

You will not regret attending the mecca for researchers and engineers working hand-in-hand to understand challenges and build solutions.

AI-driven personal finance platforms have the potential to transform consumer financial management by offering "self-driving money" capabilities through generative AI, enabling autopilots that optimize various financial tasks, and potentially leading to the rise of a comprehensive financial super app. 

One area of focus is "refi robots," AI-powered tools that can analyze and execute debt refinancing options as well as other investment decisions, disrupting incumbents and offering significant savings to consumers.

🧰 AI Tools of the Day

  • Books AI - Unlock the power of AI-generated book summaries & recommendations, powered by ChatGPT

  • To Teach_ -A tool to assist teachers (and parents) create exercises and lessons for their students (kids).

  • Heyday - AI-powered memory assistant.

  • PDF Parser - Parse anyPDF to JSONonline.

  • Talk to Books - Allowed browsing book passages using experimental AI.

  • Tutor AI - A tool that helps you create any course.

📚 The Learning Corner

  • Artificial Intelligence for Business by Wharton School of Business - An online program for learners seeking a competitive edge in emerging business technology. Technology-oriented professionals, online marketers, statisticians, automation innovators, and data professionals will benefit from this 4-week certificate.

  • Implementing AI Solutions in BusinessA great DataCamp course for business that you can take free of charge.Discover how to extract business value from AI. Learn to scope opportunities for AI, create POCs, implement solutions, and develop an AI strategy.

💪🏽 Important AI News and Trends

🌐 Web3 and Tech news

🎲 Trivia ANSWER

Imagine a cloud-server chip as a special brain for computers. Developers use this brain to teach computers how to do things, like learn and understand things on their own. 

It's like a big school for computers to become really smart and helpful! The cloud-server chip helps computers become better at doing all kinds of cool stuff, like recognizing pictures, talking, and even playing games. It's like a teacher that helps computers become super smart!

Reply

or to participate.