Amazon’s Jeff Bezos Backs AI Chip Startup To Challenge Nvidia

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What’s Ahead

• Bezos Backs AI Chip Startup with $700 Million to Challenge Nvidia

• Cate Blanchett Slams AI: "A Very Real Threat to Our Species"

• Intel’s CEO Quits as AI Crisis Cripples Company

Bezos Backs AI Chip Startup with $700 Million to Challenge Nvidia

Jeff Bezos and Samsung are investing $700 million in Tenstorrent, an AI chip startup that aims to disrupt Nvidia's dominance. Tenstorrent plans to build affordable chips using open-source technology to compete with Nvidia’s costly offerings.

The Details

Tenstorrent, led by Jim Keller, focuses on creating AI chips without relying on Nvidia’s expensive high-bandwidth memory (HBM). Instead, the company uses open-source technology and RISC-V to offer a more cost-effective alternative.

Despite being a newcomer, Tenstorrent has signed nearly $150 million in contracts. With major investors like LG and Hyundai, Tenstorrent is moving forward with 2-nanometer chip production next year. The company plans to release new chips every two years, positioning itself as a viable competitor to Nvidia’s annual AI chip refreshes.

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Cate Blanchett Slams AI: "A Very Real Threat to Our Species"

Cate Blanchett has voiced serious concerns about the potential dangers of AI, emphasizing that the technology could have a devastating impact on society. She worries that AI could replace anyone, even with just a few seconds of their voice or image.

The Details

Blanchett, speaking to the BBC, emphasized that AI's advancements are unsettling and destructive. She pointed out how easy it is to replicate someone's voice and how this could change the dynamics of creativity and employment.

She also discussed how AI is becoming an experiment with little regard for its consequences, calling the technology both creative and dangerous. Despite her concerns, she’s less worried about AI affecting her career and more about its broader societal impacts.

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Intel’s CEO Quits as AI Crisis Cripples Company

Intel’s CEO Pat Gelsinger steps down as the company struggles to keep up with the AI revolution. Despite efforts to regain competitiveness, Intel has failed to capitalize on the AI boom, leaving it far behind rival Nvidia.

The Details

Intel, once the leader in chip manufacturing, has faltered in the face of the AI surge. While Nvidia’s GPUs are optimized for AI processing, Intel’s traditional CPUs are less suited to the task, putting it at a disadvantage.

Since Gelsinger’s leadership began in 2021, Intel’s stock has dropped by 61%, while Nvidia has seen a massive 820% increase. With Nvidia now valued at over $3 trillion and Intel at $100 billion, the gap is glaring.

Despite restructuring efforts and support from the CHIPS Act, Intel's inability to pivot quickly to meet AI demands has left the company behind, signaling a significant challenge ahead.

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👇 Look: Why are fewer women using AI than men?

A recent survey shows that 50% of men and 37% of women used generative AI in the past year, revealing a significant gender gap. This gap is largely due to women’s lower self-reported knowledge of the technology, which accounts for almost two-thirds of the divide.

Women also tend to be more concerned about the risks of sharing data and trust in technology. These factors contribute to fewer women adopting generative AI, which could have implications as the technology continues to transform the labor market.