In other AI news, OpenAI's humanlike voice feature for ChatGPT has come under fire after Scarlett Johansson threatened legal action over the similarity of one of the voices to hers. This has raised questions about the misuse of creative work by AI and the company's strategy of asking for forgiveness rather than permission. Despite this setback, OpenAI is still striving to gain people's trust in the AI industry.
Key takeaways:
- Nvidia, the AI chipmaker, is set to report its earnings and investors are keen to see if its shares will surge even higher. The company has seen significant growth over the past year, with its performance reading more like a meme stock than a company with a market cap north of $2.3 trillion.
- OpenAI's humanlike voice feature for ChatGPT has faced backlash after Scarlett Johansson threatened legal action over how "eerily similar" one of ChatGPT's voices is to hers. This has raised questions about the misuse of creative work by AI.
- JPMorgan's Marko Kolanovic predicts a market downturn, with his stance that the S&P 500 will fall about 20%. He is the only top strategist among the big banks with this prediction.
- Approval for an ethereum ETF could come as soon as this week, which could send the price of the cryptocurrency surging more than 20%. This could also be a step toward further legitimizing bitcoin, and the wider crypto market.