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Nvidia is set to report its third-quarter earnings, with a focus on the performance of its new Blackwell chip, crucial for sustaining growth in the competitive AI market. Analysts expect around $33.12 billion in revenue, reflecting nearly 83% year-over-year growth, while the data center business continues to dominate sales. CEO Jensen Huang will address demand for Blackwell and potential overheating issues, as the company navigates a significant market cap and evolving industry landscape.
European tech CEOs are advocating for a "Europe-first" strategy to combat U.S. tech dominance following Donald Trump's electoral victory. At the Web Summit in Lisbon, leaders emphasized the need for stronger regulations and localizing AI infrastructure to ensure Europe remains competitive and self-sufficient in technology. Concerns were raised about potential shifts in the EU's regulatory stance towards major U.S. tech firms amid fears of retaliation from the new U.S. administration.
ValueAct has taken a $1 billion position in Meta Platforms, aiming to enhance profitability by trimming inefficiencies, particularly in the Reality Labs (RL) division, which currently detracts from earnings. With a projected EPS of $30 by 2026, the core Family of Apps (FoA) segment is expected to drive significant value, while AI investments could bolster growth. Despite Meta's controlled structure under Mark Zuckerberg, ValueAct's expertise in corporate governance positions it well to influence positive change.
Since the launch of ChatGPT in 2022, the anticipated transformation of the economy and daily life through AI has not materialized as expected. While AI features have proliferated across various services, they have not spawned new professions or significantly disrupted industries. Additionally, many startups have exited the AI development race, and leading developers are experiencing diminishing returns on their investments in advanced systems.
Aura Salla, a former Meta lobbyist and current Member of the European Parliament, faces scrutiny for her alignment with Big Tech interests as she advocates for less stringent regulations on AI and data use in Europe. Critics express concern that her background may compromise the integrity of EU tech policy, while Salla argues that her experience equips her to better understand and support European competitors against US giants. She emphasizes the need for a stable regulatory environment that fosters innovation rather than stifling it.
Oklo Inc., backed by Sam Altman, has secured agreements to supply up to 750 megawatts of nuclear power to two data center companies, as the tech sector seeks reliable energy sources. This deal expands Oklo's total pipeline to approximately 2,100 megawatts. The company, based in Santa Clara, California, has not disclosed the identities of the clients or a timeline for power delivery.
OpenAI advocates for a collaborative effort among the US and its allies to enhance artificial intelligence development and compete with China. The proposal includes establishing a “North American Compact for AI” to improve access to talent, financing, and supply chains, with potential expansion to a global network of partners, including those in the Middle East.
Denmark has introduced a framework to guide the use of generative AI in compliance with the EU's AI Act, backed by major corporations including Microsoft. The white paper outlines best practices for AI deployment in regulated sectors, aiming to ensure secure services and mitigate risks while fostering collaboration between public and private entities.
Unbabel has launched Widn.AI, an AI-powered translation service that CEO Vasco Pedro claims could eliminate the need for human translators within three years. The service utilizes the company's proprietary large language model, Tower, to translate in 32 languages, marking a shift from their previous hybrid model that combined AI with human editors. While acknowledging a potential decrease in revenue per translated word, Pedro believes the overall volume of translated content will drive growth, as Unbabel seeks to raise $20 million to $50 million in funding for further development.
OpenAI co-founder Greg Brockman has returned as president after a three-month sabbatical, announcing his comeback on X. His return follows a turbulent period for the company, marked by executive departures and controversies over its shift to a for-profit model. Notably, several key figures, including CTO Mira Murati and research chief Bob McGrew, have left OpenAI amid these changes.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
vidia faces critical earnings report amid blackwell chip launch and competition
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