In today’s edition of The AI Catalyst newsletter

• 💸 Proven way to passive income

• 💻 Nvidia's huge announcement

• 🚗 Musk redirects AI chips from Tesla to X

• 📰 Top 3 AI News

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💻 Nvidia's huge announcement

At Computex in Taiwan, Nvidia, renowned for its chips driving the AI revolution, unveiled new tools and software models. As the world's top chipmaker, benefiting from the AI spending surge, Nvidia aims to expand beyond major cloud giants, targeting diverse industries like shipbuilding and drug development.

The CEO Huang emphasized AI's importance, warning that those without it risk falling behind, and introduced the concept of "computation inflation," requiring advanced computing methods for growing data.

Key Takeaways:

• Generative AI could spark a new industrial revolution.

• Nvidia is expanding into various industries beyond cloud computing.

• New tools and platforms will enhance AI capabilities across devices.

• The upcoming Rubin AI platform with next-gen HBM4 memory will tackle current bottlenecks.

🚗 Musk Redirects AI Chips from Tesla to X

Elon Musk has redirected thousands of AI chips from Tesla to his social media company X, aiming to boost AI development there. This move may delay Tesla's AI projects.

Tesla had planned to acquire $500 million worth of Nvidia H100 chips, increasing their stock from 35,000 to 85,000 by year-end. However, many of these chips are now going to X, specifically its AI subsidiary xAI.

Key Points:

• Musk's decision may delay Tesla's AI and autonomous vehicle projects.

• 12,000 Nvidia AI chips have been diverted from Tesla to X.

• Tesla's factory in Austin, Texas, isn't ready to use the GPUs yet.

xAI and Market Impact:

Musk’s AI startup, xAI, is competing with industry giants like OpenAI and Google and recently secured $6 billion in funding. Nvidia’s GPUs are in high demand, driving significant revenue growth across various sectors

Top 3 AI news

• Apple introduces Apple Intelligence and many more interesting AI updates. Read more

• DuckDuckGo launches a portal providing private access to AI models. Read more

• OpenAI announces two new executives: former Nextdoor CEO Sarah Friar as CFO and Kevin Weil as CPO. Read more