Streetbeat News

Partnerships

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., is in negotiations with Universal Music over a deal concerning AI 'deepfakes'. The deal aims to use AI technology to create new forms of music and entertainment.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 6:10 pm

BNBUSD

Crypto exchange Binance has become the first to be fully licensed in El Salvador, receiving the Bitcoin Services Provider license and the non-provisional Digital Assets Services Provider license. Binance now has approvals in 18 international markets. The licenses will allow Binance to expand its products and services in El Salvador, working closely with the government to promote cryptocurrency adoption.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 5:49 pm

AAPL

AMD

NVDA

SSNLF

TSM

Nvidia Corp's stock is trading lower along with its peers after Moody's downgraded its credit ratings of 10 U.S. banks and placed six others under review for potential downgrades. Nvidia launched the GH200 Grace Hopper platform based on a new Grace Hopper Superchip with the world's first HBM3e processor. Taiwan Semiconductor Manufacturing Company Ltd failed to keep up with Nvidia's demand for AI chip packaging, signaling an opportunity for Samsung Electronics Co, Ltd. Nvidia, along with Apple Inc, Samsung, and Intel Corp, are eyeing stakes in Softbank Group Corp backed British chip designer Arm. Advanced Micro Devices, Inc is considered another beneficiary of AI chips due to Nvidia's demand-supply anomalies.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 5:04 pm

NVDA

NVIDIA has announced a major update to its Omniverse platform, which includes new applications and services for developers and industrial enterprises to enhance their 3D pipelines with the OpenUSD framework and generative AI. The update accelerates the creation of virtual worlds and advanced workflows for industrial digitalization. Key improvements include advancements to Omniverse Kit, the NVIDIA Omniverse Audio2Face foundation app, and spatial-computing capabilities. NVIDIA is also collaborating with global systems manufacturers to bring RTX workstations optimally configured for Omniverse to millions of designers, architects, and engineers.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:35 pm

SPOT

Spotify's AI-enhanced DJ feature, which provides algorithmic music recommendations and AI-generated DJ commentary, is expanding to 50 new countries. The feature, available to premium subscription members, combines OpenAI’s proprietary large language model (LLM) technology with Sonantic’s AI voice generation platform. Despite the feature only supporting English, it is available to Spotify Premium users worldwide. The company plans to continue iterating and innovating the experience.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:34 pm

NVDA

NVIDIA has announced a range of frameworks, resources, and services to accelerate the adoption of OpenUSD, a 3D framework for building virtual worlds. The company is advancing OpenUSD through NVIDIA Omniverse and a new portfolio of technologies and cloud APIs. NVIDIA's investments in OpenUSD expand on its co-founding of the Alliance for OpenUSD, an organization that will standardize OpenUSD specifications. NVIDIA also announced four new Omniverse Cloud APIs for developers to implement and deploy OpenUSD pipelines and applications.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:18 pm

DELL

NVDA

NVIDIA has announced the NVIDIA OVX servers featuring the new NVIDIA L40S GPU, a data center processor designed to accelerate complex applications including AI training and inference, 3D design and visualization, video processing and industrial digitalization. The new GPU powers generative AI, transforming workflows and services across industries. The NVIDIA L40S will be available starting this fall, with global system builders such as ASUS, Dell Technologies, GIGABYTE, HPE, Lenovo, QCT and Supermicro offering OVX systems that include the NVIDIA L40S GPUs.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:04 pm

NVDA

NVIDIA, in collaboration with global manufacturers, has announced new NVIDIA RTX workstations designed for development and content creation in the age of generative AI and digitalization. The systems are based on NVIDIA RTX 6000 Ada Generation GPUs and incorporate NVIDIA AI Enterprise and NVIDIA Omniverse Enterprise software. NVIDIA also released three new desktop workstation Ada Generation GPUs — the NVIDIA RTX 5000, RTX 4500 and RTX 4000. The new RTX workstations offer up to four NVIDIA RTX 6000 Ada GPUs, each equipped with 48GB of memory, and a single desktop workstation can provide up to 5,828 TFLOPS of AI performance and 192GB of GPU memory.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:03 pm

NVDA

NVIDIA has announced the NVIDIA AI Workbench, a toolkit that simplifies the creation, testing, and customization of pretrained generative AI models. The AI Workbench is designed to scale to any data center, public cloud, or NVIDIA DGX Cloud. It is being embraced by leading AI infrastructure providers including Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lambda, Lenovo, and Supermicro. NVIDIA also announced the latest version of its enterprise software platform, NVIDIA AI Enterprise 4.0, which further accelerates the adoption of generative AI. Software companies ServiceNow and Snowflake, as well as Dell Technologies, are collaborating with NVIDIA to enable new generative AI solutions and services on their platforms.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:52 pm

NVDA

NVIDIA and Hugging Face have announced a partnership to provide developers with access to NVIDIA DGX Cloud AI supercomputing within the Hugging Face platform. This will aid in the training and tuning of advanced AI models, promoting the adoption of generative AI using large language models (LLMs). Hugging Face will also offer a new service, Training Cluster as a Service, powered by NVIDIA DGX Cloud, to simplify the creation of new generative AI models.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:50 pm