Truncated: latest AI news

Thursday 5 November

Data Centers Aren’t Ready For The Next AI Bottleneck; Power Infrastructure, As NVIDIA’s Kyber Racks Could Require Electricity Usage Equivalent To 500 Homes

AI-generated summary Data centers and power infrastructure face a looming crisis as power density scales up for future artificial intelligence models. NVIDIA upcoming Kyber rack system will require 600kW of continuous electricity, which is equivalent to the power draw of about 500 average American households.

Tech stocks are suffering their biggest selloff since Covid, as investors see premature end to AI datacenter boom

AI-generated summary Tech stocks experienced their largest selloff since March 2020 on Thursday as investors worried about the future of the artificial intelligence datacenter boom following U.S. midterm election results. Major companies including Meta, Microsoft, and Nvidia declined during the trading session, while analyst Dan Ives wrote that capital expenditure growth could peak next year rather than later in the decade.

Also covered by marketwatch.com forbes.com bloomberg.com
+3 moreinvestingLive TNW | Insider nytimes.com

NVIDIA's Vendor Financing Deals Are Not A Ponzi Scheme As It Is Slated To "Take Out $420 Billion" By Putting In $250 Billion, Says Tech Venture Capitalist Gene Munster

AI-generated summary Technology venture capitalist Gene Munster asserts that NVIDIA vendor financing deals are entirely logical rather than a Ponzi scheme. Gene Munster states that NVIDIA will put in 250 billion dollars and take out 420 billion dollars through the initiative.

Perplexity’s new AI coworkers can take over your workload, but they don’t come cheap

AI-generated summary Perplexity launched Teammates on Thursday, introducing personal AI agents for work that are available first to Max subscribers on the web. CEO Aravind Srinivas says native mobile and desktop apps are coming, while free and Pro users must upgrade to Max for $200 per month.

Also covered by The Verge Engadget The Decoder