In other news, Sandbox LBVR is experiencing rapid growth, driven by hit titles and pent-up demand. A breakthrough in BCI technology has allowed a paralyzed woman to speak through a digital avatar she controls with a brain-computer interface. Deep Media has received a $1.25M contract from the USAF Research Lab for its deepfake detection tools. Gartner's Hype Cycle has placed generative AI on the 'Peak of Inflated Expectations', predicting a possible downturn. Finally, AI artist Eric Jacob has created a book of prompts for the Midjourney GenAI platform.
Key takeaways:
- Nvidia reported a revenue of $13.51B in Q2, nearly double the previous year, primarily from the data center business, highlighting its dominance in the AI industry.
- AI startup Hugging Face is raising a $200 million round led by Salesforce Ventures at a $4 billion valuation, doubling its May, 2022 valuation.
- Irreverent Labs, an AI company working on photorealistic Generative AI, has taken in Samsung Next as a strategic investor. The company has already raised over $45MM in two rounds.
- Gartner Hype Cycle places generative AI on the 'Peak of Inflated Expectations', suggesting that AI is overhyped and could potentially face a downturn.