Wedbush Analyst Dan Ives believes the new technology bull market has begun. He thinks that AI technology spend will go from 1% of IT budgets to 8-10% in 2024. Dan was surprised by the number of executives and CEOs at the CES (Consumer Electronic Show) who were looking to acquire technology and companies. Dan believes …
DARPA support Microsoft and PsiQuantum to make utility scale quantum computers. DARPA has selected Microsoft Corporation and PsiQuantum to move to the next phase of US2QC (Underexplored Systems for Utility-Scale Quantum Computing), which recently kicked off and is expected to run through March 2025. “These researchers are working extraordinarily hard, presenting solid technology descriptions and …
Microsoft was already spending over $10.7 billion per quarter to build out data centers and AI compute (Q4 2023). There are reports that Microsoft will increase this capital spending to $50 billion per year. This would be averaging $12.5 billion per quarter. This capex spending is up from $7.8 billion in Q3 2023 (Jan-Apr 2023). …
In benchmarks against LLaMA 2 and PaLM 2, Inflection-2 beat them on most counts, @inflectionAI said. It trails GPT-4 on several that OpenAI has published, but notes it’s a much bigger model. Inflection started training its next model today, which it says will be 100x larger. The Inflection mission is to create a personal AI …
The battle at OpenAI was possibly due to a massive breakthrough dubbed Q* (Q-learning). Q* is a precursor to AGI. What Q* might have done is bridged a big gap between Q-learning and pre-determined heuristics. This could be revolutionary, as it could give a machine “future sight” into the optimal next step, saving it a …
It seems like Sam Altman and Satya Nadella, CEO of Microsoft will have won completely. Sam and Microsoft will do whatever they want for almost the entire OpenAI team. It could be with the old OpenAI or in the new Microsoft entity. Microsoft will fund the Sam AI team with all the resources needed. They …
Sam Altman and Greg Brockman are at a new AI subsidiary of Microsoft. Microsoft will spend over $50 billion on AI data centers. Dave Lee analysis: 1. Sam/Greg form new “AI Research” group in Microsoft. The group has the option to spin off as new company whenever they want. Agreement is that if company is …
Apple had decent Q3 results relative to expectations. Facebook, Microsoft and Amazon had the best big tech results. APPLE EARNINGS JUST OUT $AAPL *APPLE 4Q REV. $89.50B, EST. $89.35B ( BEAT ✅ ) *APPLE 4Q EPS $1.46, EST. $1.39 ( BEAT ✅ ) pic.twitter.com/ppM6HTjqLH — GURGAVIN (@gurgavin) November 2, 2023 Q3 Revenue Growth, YoY % …
2023 has been a relatively good year for the benchmark S&P 500 and growth stock-fueled Nasdaq Composite. The S&P 500 is widely viewed as the best benchmark of Wall Street’s health. It’s a market cap-weighted index comprised of 500 generally profitable, time-tested companies, a few of which have multiple classes of shares. All told, the …
Microsoft will integrate small modular nuclear reactors and microreactors to power Microsoft Cloud and AI datacenters. Artificial intelligence takes a lot of compute power, and Microsoft is putting together a road map for powering that computation with small nuclear reactors. Data Centers already use 20% of the electricity in the United States. 10% for regular …
