In a week full of tech news, some of the biggest names in the industry made headlines. Marco ZuckerbergCEO of Meta Platform Inc. HALFshared his thoughts on Sam Altmann‘s ambitious chip production plan. Meanwhile, CNBC’s Jim Cramer urged investors to exercise caution Nvidia Corp‘S NVDA success reaching record levels. As if that wasn’t enough, Elon Musk criticized Google’s artificial intelligence for its flawed image generation, and Nvidia’s fourth-quarter earnings beat expectations, causing a stir in the tech market.
Mark Zuckerberg’s interpretation of Sam Altman’s AI dream – Zuckerberg talked about OpenAI CEO Sam Altman’s plan to raise $7 trillion to build the infrastructure needed to power AI systems. Zuckerberg admitted that the figure was “astronomical,” but expressed his belief in the importance of such an effort. Read the full article here.
Jim Cramer on Nvidia’s record-breaking success – CNBC’s Jim Cramer highlighted Nvidia’s stellar performance, urging investors to look beyond skepticism and believe in a stock’s potential. He pointed out that many investors had overlooked the company’s long-term prospects due to concerns about macro events such as Federal Reserve interest rate hikes. Read the full article here.
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Elon Musk attacks Google’s artificial intelligence – Elon Musk, CEO of Tesla and SpaceX, criticized the senior director of Gemini Experiences following the controversy over Google’s AI chatbot, which generated inaccurate images of historical figures. Musk said the Gemini project was “directionally correct” but had missed the mark. Read the full article here.
Nvidia’s fourth-quarter earnings beat expectations – Nvidia Corp reported fourth-quarter results and forward-looking guidance that beat optimistic forecasts. The company reported non-GAAP earnings per share of $5.16, beating the Street consensus estimate of $4.64, and fourth-quarter revenue of $22.10 billion, which beat the Street estimate of 20.62 billion dollars. Read the full article here.
Analysts praise Nvidia’s performance in the fourth quarter – Wedbush’s Dan Ives likened Nvidia’s stellar fourth-quarter performance to a “Taylor Swift moment” for the tech market, underscoring its impact on the ongoing tech bull market. Read the full article here.
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