In other news, Nvidia unveiled its latest data center-scale supercomputer, Eos, and a powerful GPU for AI-accelerated workloads. OpenAI CEO Sam Altman is looking to challenge Google with a new web search product. Meanwhile, cybersecurity concerns are rising with the increased use of AI, with companies like BigID introducing enhanced access governance capabilities for improved data security. The article also mentions several layoffs in tech companies like Cisco and Mozilla, and upcoming earnings reports from companies like Nvidia, Palo Alto Networks, and Digital Ocean.
Key takeaways:
- Nvidia's market cap surpassed both Amazon’s and Alphabet’s this week, signaling its importance in the AI boom.
- AI-related companies, including Lambda and Together, are gaining significant investments due to their access to data centers full of Nvidia’s graphics processing units critical to AI training.
- Enterprise software companies such as Informatica, JFrog, and Pegasystems received positive investor response, while others like Cisco and Dropbox saw their shares drop due to disappointing guidance despite beating forecasts.
- Next week will see major reveals from Intel on its foundry business and chip process technology, along with earnings reports from Nvidia, Palo Alto Networks, and Digital Ocean among others.