Investors are buying into AI and Musk any way they can: Morning Brief
What role does Nvidia play in Dell's partnership with Musk's xAI?
Nvidia plays a crucial role in Dell's partnership with Musk's xAI as its high-performance GPUs will be utilized to power the AI models developed by xAI. This collaboration aims to accelerate AI adoption in the enterprise sector by simplifying deployment and making it more accessible to businesses of all sizes5.
How much are major tech companies spending on AI this year?
Major tech companies such as Amazon, Alphabet, Microsoft, and Meta are expected to spend a combined $200 billion this year on cloud and AI investments, which include building and running data centers. This increased spending is driven by the growing demand for AI-powered services and the need for powerful computing resources to support these technologies.
Who are the Magnificent Seven mentioned in relation to AI technology?
The Magnificent Seven mentioned in relation to AI technology are Google, Apple, Tesla (and X), Meta, Microsoft, Amazon, and Nvidia. These tech giants have embraced AI and its business implications, setting the gold standard for successful integration.