AMD Attacks Nvidia, Intel Strikes Back
04 June 2024: AMD unveils new AI chips, Intel fires back with Gaudi. AI startups raise funds, Hitachi partners Microsoft, Amazon detects defects with AI
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1. 1-Minute Roundup
2. Headlines
3. AI Investment Deals
4. Infographic Of The Day
5. Others1-Minute Roundup
Headlines:
AMD launches new AI chips, challenging Nvidia's dominance.
Intel CEO counters Nvidia, introduces new AI chips, and defends Moore's Law.
AI Investment Deals:
Valar Labs raises $22M for AI-powered cancer therapy prediction.
Plenful secures $17M for AI healthcare workflow automation.
Weave Bio gets $10M to expedite drug approval with AI platform.
Jupus raises €1.3M for AI legal software automating client intake.
Punto Health raises £550K for AI dementia care platform.
Neural Concept lands $27M to accelerate EV design with AI.
GetWhy raises $34.5M for an AI video interview insights platform.
Sword Health's $3B valuation was boosted by $30M for virtual physical therapy.
Cloudera acquired Verta to enhance its AI model management capabilities.
Storyblok secures $80M for AI tools in 'headless' content management.
Frore Systems gets $80M for cooling tech improving AI device performance.
Caju AI raises $3M for generative AI customer engagement solutions.
Others:
Twitter/X permits AI-generated explicit content with restrictions.
Hitachi and Microsoft forge multibillion-dollar AI partnerships.
Amazon's Project PI uses AI to detect product defects before shipping.
Headlines
AMD launches new AI chips, challenging Nvidia’s dominance.
Why it Matters: AMD’s advancements in AI chips provide alternatives to Nvidia’s products, addressing the high demand and chip shortage in the AI industry. This competition could lead to innovations and improvements in AI technology.
Zoom In:
AMD unveiled the MI325X accelerator, available in Q4 2024.
The MI350 series, expected in 2025, promises better AI inference performance.
The MI400 series planned for 2026 continues AMD's accelerated release strategy.
AMD projects over $4 billion in AI chip sales for data centres this year.
Nvidia holds over 80% market share in AI chips.
Big Picture: AMD’s strategic release of new AI chips is set to disrupt Nvidia's dominance in the market. With the MI325X, MI350, and MI400 series, AMD aims to meet the growing computational demands of AI data centres. This competition will likely drive further advancements in AI technology, benefiting the entire industry by providing more options and potentially lowering costs.Intel CEO Counters Nvidia on AI Chips
Intel's CEO Pat Gelsinger defends Moore's Law and introduces new AI chips, aiming to reclaim market share from Nvidia. Gelsinger emphasises Intel’s role in the future of AI at Computex.
Why it Matters: Intel’s strategic advancements in AI chips and defence of Moore’s Law aim to challenge Nvidia’s market dominance and reinvigorate Intel’s position in the semiconductor industry.
Zoom In:
Intel's new Xeon 6 data centre processors boast more efficient cores.
Gelsinger claims Intel’s Gaudi 3 clusters outperform Nvidia’s H100 in AI tasks.
New Gaudi systems priced at $65,000 and $125,000 aim to be more affordable alternatives.
Intel’s Gaudi 3 clusters: 8,192 accelerators.
Claimed 40% faster AI training time than Nvidia H100 GPUs.
Estimated Intel revenue will drop by $20 billion from 2021 to 2024.
Big Picture: Intel, historically a leader in the computer industry, is investing heavily to regain its edge in chip design and manufacturing. The company faces fierce competition from Nvidia and AMD, especially in AI computing. Gelsinger’s emphasis on Moore’s Law and Intel’s new products aim to position the company as a critical player in the burgeoning AI market, expected to drive the semiconductor industry to $1 trillion by the decade’s end.AI Investment Deals
Valar Labs, a Palo Alto-based developer of computational histology AI (CHAI) tests for predicting responses to cancer therapies, raised $22M in Series A funding led by DCVC and a16z.
Plenful, a San Francisco AI workflow automation provider for healthcare organisations, raised $17M in Series A funding, bringing the total to $25M. The funds will expand operations and development efforts.
Weave Bio secured $10M in seed funding. The funds will enhance their AI-powered AutoIND platform, which automates and expedites the IND application process, reducing submission time by over 50%.
Jupus, an AI legal software provider, raised €1.3M, led by HTGF and Combination VC. The funds will enhance the company's AI software, which automates client intake and communication. Hundreds of German lawyers currently use it.
Punto Health, a London-based AI digital health company, raised £550K in pre-seed funding led by Heartfelt Capital and others. The funds will expand operations and develop the company's AI platform for dementia care, offering personalised content and support.
Neural Concept, a Swiss startup, raised $27M in Series B funding to reduce the time it takes to design an EV from 4 years to 18 months.
GetWhy, a Danish AI market research platform, raised $34.5M in Series A funding from PeakSpan Capital. The funds will enhance their AI platform, Bloom, which extracts insights from video interviews for clients like Nestlé and Nike.
Sword Health, an AI-powered virtual physical therapy startup, raised $30M and allowed $100M in equity sales, boosting its valuation to $3B. The funds will remain unused as Sword aims for profitability by year-end.
Cloudera acquired AI startup Verta to enhance its data platform. It will integrate Verta’s Operational AI capabilities to manage machine learning models, aiming to keep Cloudera competitive in the AI-driven data management market.
Storyblok, a Linz-based 'headless' CMS provider, raised $80M in Series C funding led by Brighton Park Capital. The funds will expand its AI tools and operations in Europe and the U.S., targeting developers and non-technical users.
Frore Systems raised $80M in Series C funding led by Fidelity Management, totaling $196M. Their AirJet cooling tech enhances AI device performance by efficiently managing heat, making devices thinner, lighter, and silent.
Caju AI, a generative AI customer engagement platform, raised $3M in Seed funding from Grotech Ventures and Felton Group. The funds will expand their AI-driven solutions for advanced analytics, compliance, and customer satisfaction.
Infographic Of The Day
Others
AI-generated X-rated content is Officially Permitted on Twitter/X.
X, formerly Twitter, has updated its adult content policies to allow AI-generated pornography, provided it is appropriately labelled and shared consensually.
The platform mandates that such content must not be prominently displayed in profile photos or banners and must include a warning label restricting access to users under 18 or without a birthday.
Hitachi and Microsoft Forge Multibillion-Dollar AI Partnership
Japanese conglomerate Hitachi will incorporate Microsoft products, including Microsoft Cloud and GitHub Copilot, into its Lumada business to enhance its digital, software, and services offerings.
The partnership includes plans to train over 50,000 generative AI professionals using GitHub Copilot and Azure OpenAI Service and Hitachi's investment of $1.92 billion in generative AI for fiscal 2024 to capture new growth opportunities.
Amazon’s Project PI AI Detects Product Defects Before Shipping
Amazon’s Project PI combines generative AI and computer vision to identify and isolate damaged or incorrect items before they are shipped to customers. Products pass through a scanning tunnel that uses AI to check for defects and determine if similar items might also be affected.
Amazon employees review flagged items to decide if they should be discounted or donated. Additionally, Amazon plans to implement a multimodal large language model to analyse customer feedback and images to identify and address root causes of dissatisfaction, benefiting both Amazon and its third-party sellers.
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