AI Chip Race Heats Up With Amazon’s Trainium3

Dan Ives, the global head of technology research at Wedbush Securities, stated that it is too early to declare an AI bubble, emphasizing the U.S. commitment to maintaining its chip market against competitors like Huawei and Nvidia. This perspective was shared during an interview on Bloomberg The Close with Romaine Bostick.

The latest analysis from Bloomberg highlights a significant lag in the performance of major tech stocks, particularly the so-called Magnificent 7, amidst a broader rebound in the S&P 500. This trend raises concerns about the sustainability of the tech sector's growth, especially as companies like Okta report mixed earnings and adjust profit forecasts. Additionally, TikTok has announced plans to invest over $37 billion in a new data center in Brazil, marking its first major project in Latin America.

Some YouTube creators are increasingly producing low-effort, low-quality AI-generated videos, referred to as 'AI Slop,' targeting viewers under two years old. This trend has raised concerns among critics regarding the appropriateness and educational value of such content for infants. Bloomberg's Alex Levine discussed this phenomenon on 'Bloomberg Tech.'

Okta CEO Todd McKinnon highlighted the company's optimistic outlook driven by advancements in artificial intelligence (AI) during an interview on Bloomberg Tech. He emphasized the significant opportunities AI presents for enhancing software solutions and driving growth.

Sylvia Jablonski, chief investment officer at Defiance ETFs, expressed optimism regarding the current tech pullback, viewing it as a buying opportunity while predicting that artificial intelligence (AI) will lead the market for years to come during her appearance on Bloomberg Tech with Caroline Hyde.

The founders of a new group representing Amazon delivery company owners have organized to advocate for higher pay, citing that Amazon's policies have made it increasingly difficult to achieve profitability in package delivery. This initiative reflects growing discontent among delivery service operators regarding their financial viability under current operational conditions.

Daniela Rus, the director of MIT’s AI Robotics Lab, is focused on creating people-centered robots that enhance human capabilities rather than replace them, emphasizing the potential of robotics to provide individuals with 'superpowers' in their daily lives.

Amazon has introduced a new feature called find-a-scene for its Alexa voice assistant, enhancing the Prime Video experience by allowing users to locate specific scenes in shows and movies using voice commands. This feature aims to improve user engagement and accessibility within the streaming platform.