Nvidia's dominance in the AI hardware market has propelled it to become the third-largest company globally, boasting a market cap of $2.9 trillion. However, SK Group and KCCI Chairman Chey Tae-won cautions that Nvidia's success hinges on the profitability of the AI industry.
Chey highlighted the need for firms investing in AI to eventually turn profits, as estimated by venture capital firm Sequoia Capital at $600 billion annually. Concerns arise as the cost of training AI models continues to rise, potentially impacting the industry's sustainability.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.