AI News on August 28th
1. NVIDIA Q2 Earnings Beat Expectations but Data Center Sales Disappoint
#NVIDIA #Earnings #DataCenter
NVIDIA reported better-than-expected Q2 revenue and profits, but its data center sales fell slightly short of analyst expectations. Despite overall strong performance, this minor miss caused NVIDIA's stock to drop over 3% in after-hours trading, reflecting investor concerns about AI growth momentum.
2. UN General Assembly Establishes New Global AI Governance Framework
#UN #AIGovernance #GlobalCooperation
The UN General Assembly passed a resolution to create an "Independent International Scientific Panel on AI" and a "Global Dialogue on AI Governance" mechanism. The 40-expert panel will assess AI risks and opportunities, while the global dialogue will foster policy consensus to support sustainable development goals and bridge the digital divide.
3. Musk Sues Apple and OpenAI Alleging Anticompetitive Practices
#Musk #Apple #OpenAI #Lawsuit
Elon Musk's xAI and X Corp filed a lawsuit in Texas federal court accusing Apple and OpenAI of engaging in "anticompetitive practices" to suppress AI competition. Musk claims Apple favors OpenAI in App Store rankings, making it difficult for other AI companies to compete effectively in the marketplace.
4. Google Debuts Real-Time Translation with AI-Powered Conversation Features
#Google #Translation #AI
Google Translate introduced real-time audio and text translation capabilities across 70+ languages. The advanced AI model can recognize pauses, accents, and intonation patterns for more natural conversations, allowing users to speak naturally and have the app handle translation and language switching seamlessly.
5. OpenAI Restructuring Delayed Due to Microsoft Negotiations
#OpenAI #Microsoft #Restructuring
OpenAI's corporate restructuring has been delayed until next year due to complex negotiations with Microsoft about revising their commercial agreement until 2030. If an agreement isn't reached by December 31st, SoftBank may withdraw its $10 billion funding commitment, potentially hindering OpenAI's ability to raise additional capital.
6. Stanford Study Shows AI Hurting Employment Prospects for Young Americans
#AI #Employment #Stanford
Stanford researchers found that since ChatGPT's launch in November 2022, generative AI has significantly reduced employment rates for young Americans in "highly automatable" jobs. Employment among 22-25 year old software developers has dropped nearly 20% from peak levels, while experienced developers with soft skills have been less affected.
7. U.S. First Lady Launches "Presidential AI Challenge" for Students
#AIEducation #US #STEM
First Lady Melania Trump announced the "Presidential AI Challenge," inviting K-12 students and educators across the United States to explore AI potential. The initiative aims to build basic awareness of AI technology among the next generation and encourage AI-based solutions for local and regional challenges.
8. Meta Backs Pro-AI Political Candidates Through Super PAC
#Meta #Politics #Lobbying
Meta is launching a California-focused super PAC to support state candidates who favor lighter regulations on AI and technology. The company plans to spend tens of millions backing "AI-friendly" candidates from either party, arguing that strict regulations could "stifle innovation, block AI progress, and put California's technology leadership at risk."
9. Amazon Bets on Nuclear Power for AI Data Centers
#Amazon #Nuclear #AIInfrastructure
Amazon Web Services partnered with U.S. nuclear startup X-energy and South Korean firms to deploy small modular reactors powering future AI data centers. The plan targets 5 GW of carbon-free nuclear capacity by 2039, mobilizing up to $50 billion in investment to meet surging energy demands of AI operations.
10. Microsoft Brings Copilot to Samsung TVs and Displays
#Microsoft #Samsung #Copilot
Microsoft announced the availability of its AI assistant Copilot on select Samsung TVs and displays. Users can ask Copilot for movie recommendations, show recaps, and other common queries, expanding the AI's reach from personal devices to the living room environment and family interactions.