Netflix is set to report its Q3 earnings this week, with analysts expecting strong growth. Deepwater Asset Management’s Gene Munster believes the company’s password crackdown and success with new offerings will drive continued growth. However, he also highlights potential challenges for Netflix in the long term, particularly with its exposure to generative AI compared to other tech giants.
Maison Meta, the world’s first GenAI agency, is using cutting-edge AI technology to transform the fashion industry. Founded by Cyril Foiret and Nima Abbasi, this innovative venture is pushing creative boundaries, streamlining processes, and creating opportunities for emerging designers through initiatives like AI Fashion Week. Explore how Maison Meta is merging technology with artistry and shaping the future of fashion.
Adobe Inc. (ADBE) shares are experiencing a surge on Monday, fueled by the company’s unveiling of several groundbreaking launches at the Adobe MAX 2024 event. Key highlights include the expansion of Adobe Firefly generative AI models to include video, new features in Creative Cloud powered by AI, and the launch of Adobe GenStudio for Performance Marketing. The company also announced a global initiative to equip learners and teachers with AI literacy skills.
KIOXIA is demonstrating the benefits of its KIOXIA XD Series SSDs with Flexible Data Placement (FDP) functionality at the Open Compute Project (OCP) Global Summit. FDP, a feature of the NVM Express specification, allows for flexible data placement on SSDs, leading to improved performance and extended lifespan. KIOXIA’s FDP-enabled SSDs showcase a significant performance boost and tripled lifespan for RocksDB, a widely used database in generative AI and cloud applications.
Xiaomi is planning to bring generative AI applications to its smartphones in India, starting with its upper-mid range models. This move could make generative AI features more accessible to a wider range of consumers, putting it on par with other leading brands like Apple, Samsung, and Oppo.
SEMIFIVE and HyperAccel have joined forces to mass produce Bertha, a generative AI chip designed for high-performance and efficiency. The chip, built on 4nm process technology, is expected to revolutionize the AI landscape by offering a cost-effective alternative to GPUs, boasting significant performance improvements and a better price-to-performance ratio.
Infosys has expanded its collaboration with Microsoft to accelerate the adoption of generative AI and Microsoft Azure globally. The partnership aims to help joint customers maximize their technology investments and achieve transformative results, leveraging Microsoft’s generative AI offerings within Infosys’ solutions for greater cost-efficiency and scalability.
Amazon Web Services (AWS) CEO Matt Garman claims the company has been exploring generative AI for a long time, even before ChatGPT’s arrival sparked widespread interest. Garman addresses criticism that AWS is lagging behind competitors in the generative AI market, highlighting its existing machine learning services and its carefully curated approach to providing AI solutions through its Bedrock platform.
Generative AI (GenAI) is rapidly moving beyond experimental phases and is transforming how businesses operate. While early adopters are seeing significant gains in efficiency and productivity, the technology is still raising concerns about its impact on jobs. This article explores the current state of GenAI adoption, its impact on various business functions, and the potential implications for the future of work.
Duolingo’s stock price surged over 8% on Wednesday fueled by optimistic price target revisions from leading analysts. This positive outlook is attributed to the company’s strategic use of generative AI and large language models. Additionally, a moderate level of short interest combined with a low float creates a potential for a short squeeze, adding to the stock’s volatility.
