The demand for Nvidia’s processors was greatly surpassed by its quarterly revenue prediction on Wednesday, and the company also announced it will repurchase $25 billion worth of stock, sending its shares surging after hours.

OpenAI, the company behind ChatGPT is at risk of facing difficulties by the end of 2024 if it does not receive funding. The magazine states that there has been a decline in the number of users visiting the ChatGPT website during the half of 2023. In May there were 1.9 billion users. This number dropped to 1.5 billion by July. The combination of losses, which amounted to $540 million last year and high operational costs further exacerbates the challenge, for OpenAI.

SK Telecom, a company has made a significant investment of $100 million, in Anthropic, an AI firm based in the United States that is posing a challenge to OpenAI.

Truecaller has recently launched Truecaller Assistant, an AI-powered feature that helps users manage their calls efficiently.

Tenstorrent, a Canadian firm, has received $100 million in financing from Hyundai, Samsung, and Kia to challenge Nvidia’s supremacy in AI chip supply.

Persistent Systems and Google Cloud have deepened their collaboration by introducing a variety of Generative AI solutions.

Capgemini, a French IT consulting firm, reported stronger half-year revenue on Friday, driven by its cloud, data, and artificial intelligence (AI) activities, and announced it will invest 2 billion euros ($2.19 billion) in AI over three years.

Microsofts AI-driven chatbot, Bing Chat is making its way onto platforms, like Google Chrome and Apples Safari expanding its reach beyond Microsoft browsers.

Taiwanese chip giant TSMC (2330. TW), driven by a boom in demand for artificial intelligence, plans to invest roughly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company announced on Tuesday.

Good Capital, a seed-stage, India-focused venture capital firm, on Friday, unveiled a new $50 million fund to support founders who are utilizing Artificial Intelligence for marketing, customer service, or business operations.

According to Nithin Kamath, the corporation now anticipates that AI will eliminate employment despite having been sceptical about it for over two years. The CEO of online trading business Zerodha,

Since the release of ChatGPT in November of last year, generative AI has taken center stage, with major technology businesses building solutions to keep up with the current technological trend.