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- Posts
- 🖲️ Nvidia beats Microsoft
🖲️ Nvidia beats Microsoft
Plus: Apple Pay Later is no more
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Good Morning Leaders,
It’s been a happening week in tech, many new developments, announcements in the world AI, Appleverse and more.
Let’s get into it.
THIS WEEK IN TECH:
Nvidia becomes #1 company in the world
OpenAI’s co-founder started a new AI company
Apple Pay Later is no more
TikTok ads will now offer AI avatars of creators for ads
5 tools to boost your productivity
More tech news you need to know
TOPIC
📈 Nvidia becomes #1 company in the world
Image source: Nvidia
Nvidia has dethroned Microsoft to become the most valuable company in the world, just weeks after overtaking Apple for the number two spot.
The details:
Nvidia's market cap is now at $3.335 trillion, surpassing Microsoft ($3.32 trillion), Apple ($3.29 trillion), and Google ($2.17 trillion).
Nvidia’s revenue hit $26 billion in May, with the new Blackwell GPU architecture set to launch later this year.
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AI
👨💻 OpenAI’s co-founder started a new AI company
Image source: Gold Penguin
Ilya Sutskever, OpenAI’s former chief scientist, is launching Safe Superintelligence Inc. (SSI), a new AI company prioritizing safety over commercial pressures.
What you need to know:
Sutskever left OpenAI last May, followed by other key researchers citing safety concerns.
Fast forward few weeks later, he launches SSI with Co-founders Daniel Gross, former AI lead at Apple, and Daniel Levy, former technical staff at OpenAI.
The Goal:
SSI aims to create a safe and powerful AI system with a singular focus on safety and capabilities.
The company will avoid external pressures and management distractions, focusing solely on safe AI development.
Why this matters: As the AI industry grows, SSI’s commitment to safety-first development could set a new standard for ethical and security concerns.
APPLE
🍎 Apple Pay Later is no more
Image source: Tipranks
Apple is shutting down Apple Pay Later, a buy now, pay later service fully rolled out in October 2023.
The details:
Apple plans to replace it with "installment loans" from credit cards, debit cards, and lenders through Apple Pay.
The service had a staggered launch, starting with early access in March 2023 before a full US rollout in October.
Existing Apple Pay Later loans remain unaffected.
Why should you care: Apple's pivot to installment loans aims to offer more flexible payment options globally, indicating a strategic shift to partner with banks and lenders for broader reach and enhanced user convenience.
APPS
🤖 TikTok ads will now offer AI avatars of creators for ads
Image source: TikTok
TikTok is introducing generative AI avatars for branded content and ads as part of TikTok ads suite - TikTok Symphony.
The features:
Custom Avatars will allow creators and brands to scale likenesses for multilingual and global campaigns.
Stock Avatars use pre-built avatars from paid actors of diverse backgrounds and languages for a human touch in content.
AI Dubbing translates content into 10 languages, enabling creators to reach global audiences.
Why it matters: This will personalize and globalize ad content, potentially boosting engagement and sales, as 61% of users have made purchases via TikTok. Potentially adding a revenue source for creators on the platforms.
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PRODUCTIVITY
5 Tools to Boost Your Productivity
MORE TECH
👀 What else you need to know in tech this week
APPS: Google launched Gemini AI mobile app in India and it supports 9 Indian languages.
AI: Google DeepMind’s new AI can generate music and dialogue for videos.
AI: Apple has launched Apple developer academy to offer AI training for students and alumni.
AI: Anthropic released a new AI model, which is faster, smarter and more personable.
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