_{Welcome back for the Latest AI Drops!}

Today’s Drops:

• Competitors Challenging Nvidia's Market Dominance

• NVADIA’s Current Market Share 

• Hottest AI Startup “Visual Electric”

• Trending on X “Move AI”

• AI News Headlines: Elon Musk's xAI is raising $1 billion, Microsoft's Bing introduces Deep Search with GPT-4, Calm app releases a story using Jimmy Stewart's AI voice and Accenture and Unilever partner for AI innovation.

• Trending GitHub Projects

• Latest AI Tools

Read Time: 3.5 minutes

Competitors Challenging Nvidia's Market Dominance

In the rapidly evolving AI chip market, Nvidia, a long-standing leader with over 80% market share, faces stiff competition from Huawei and AMD. Nvidia's CEO acknowledges Huawei as a significant contender. Huawei's advancement in chip technology, especially its latest smartphone processor, marks its growing influence. Amidst U.S.-China trade tensions, Nvidia faces challenges in maintaining its market share in China, where it historically accounted for about 20% of its sales. The U.S. has imposed restrictions on AI chip sales to China, adding to Nvidia's hurdles in this crucial market.

AMD is also making significant strides in this competitive landscape. AMD plans to launch the Instinct MI300, a new AI chip, at its "Advancing AI" event on Wednesday, positioning the company to better compete with Nvidia. This new chip is geared toward enterprise customers, laptops, and PCs, showcasing AMD's focus on expanding its reach in the AI sector. The chip promises improved aspects like battery life during extended use, such as long video conference calls integrating AI mechanisms to enhance device performance. However, some experts view this as an enhancement of AMD's existing offerings rather than a direct challenge to Nvidia's dominance.

AI chips are essential for powering generative AI; with Nvidia's established presence, Huawei's emerging challenge, and AMD's continuous innovation, the market is poised for further exciting developments. This competition will increase the supply of AI chips, driving technological advancements and offering improved solutions for AI applications.​

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Let's Take A Look At NVADIA’s Current Market Share 

Nvidia's data center revenue in Q3 saw a significant boost as the company shipped nearly half a million GPUs, mainly H100 and A100 models, driven by high demand for AI chips. This resulted in approximately $14.5 billion in revenue, nearly quadrupling from the same quarter the previous year. Most GPU server shipments went to hyperscale cloud service providers, with Meta and Microsoft being prominent clients. However, export restrictions prevented Chinese tech giant Tencent from obtaining H100 GPUs.

The Omdia Research analysts anticipate Nvidia to surpass half a million GPU shipments by Q4 due to sustained hardware demand. Server manufacturers like Dell, Lenovo, and HPE faced delays in receiving their H100 server orders due to GPU allocation shortages, with wait times ranging from 36 to 52 weeks.

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Hottest AI Startup!

Visual Electric

Visual Electric, backed by Sequoia Capital and founded in November 2022, has launched an AI-based image-generation tool designed specifically for designers. The company, led by CEO Colin Dunn, CPO Adam Menges, and CTO Zach Stiggelbout, released its beta version in February.

The tool, targeting graphic designers, ad creatives, and concept artists, allows users to input prompts to create images on an infinite canvas with various customization options. It offers a free version of 40 images per day and premium plans for more features and commercial rights.

Key features include image modification, upscaling for premium users, background removal, and a "remix" feature. Visual Electric has raised $2.5 million in funding and uses technologies like Stable Diffusion and GPT-3.5 Turbo for image generation, with plans to develop a mobile app. It competes with other tech giants in the image-generation space but focuses on a specific user base.

Check out the video illustration!

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Trending on X

Move AI

Move AI offers innovative solutions for 3D animators and creators, allowing them to capture high-quality motion data in various environments using just phones and standard cameras. Their patented software is capable of extracting natural human motion from video through the application of AI, computer vision, biomechanics, and physics. This technology facilitates the transition of human movement into the digital world, thereby unleashing creativity and expanding the possibilities in the realm of digital animation and content creation.

Check out the Video

AI News Headlines

• Elon Musk's AI startup xAI is raising up to $1 billion in an equity offering, having already secured $134.7 million. Musk aims to build a "maximum truth-seeking AI" with xAI, competing with major AI projects like penAI's ChatGPT, Google's Bard and Microsoft's Bing AI. Recently, xAI launched "Grok," a chatbot integrated into X. Link

• Microsoft's Bing introduces Deep Search, using GPT-4 to expand simple queries into detailed prompts for more comprehensive search results. Although slower, taking up to 30 seconds, this feature provides in-depth information on various topics, enhancing user search experience. Currently in experimental stage, it's part of Microsoft's integration of OpenAI's technologies. Link

• The meditation and sleep app Calm has introduced a bedtime story narrated by an AI-generated version of Jimmy Stewart's voice. This project, made possible through the Ukraine-based company Respeecher, brings to life Stewart's iconic voice, despite his passing in 1997. Respeecher created the voice by combining a voice actor's recordings with old clips of Stewart. Link

• Accenture is collaborating with Unilever to develop next-generation AI solutions, focusing on enhancing productivity and innovation. The partnership leverages Unilever's AI research and Accenture's extensive expertise and resources in AI, including a $3 billion investment in the field. This initiative will primarily take place at Unilever’s Horizon3 Labs in Toronto.Link

Welcome to the innovative world of GitHub projects!

HierSpeech++ is an enhanced speech synthesis system designed for improved text-to-speech and voice conversion. It focuses on high quality, speed, and robustness, using advanced methods like hierarchical speech synthesizers and Text-to-Vec technology.

Machine Learning Engineering Online Book is an open collection of methodologies to help with successful training of large language models and multi-modal models.

Chatgpt-on-wechat is a WeChat robot integrating ChatGPT for handling text, voice, and images. It supports multiple deployment options and includes features for intelligent chatting, voice/image recognition, and customization.

Sample-app-aoai-chatGPT by Microsoft provides sample code for creating a web chat application that integrates with Azure OpenAI.

StyleX by Meta is a specialized styling system developed for designing complex and sophisticated user interfaces.

Latest AI Tools

Respell is an AI-first platform designed to automate knowledge work. Featuring Elle, an intuitive chat agent that learns your team’s processes and data over time to suggest new automations. 

Dumbbell AI is a motion tracking fitness app brings a new era of working out with just your phone camera. 

Competely is an AI-powered tool that generates competitive analysis for your product - within minutes. The analysis covers product features, marketing strategies, positioning, audience, sentiment, and more.

Transcriptal is a free AI powered Youtube transcription platform.

DesignSense AI helps redefine interior aesthetics by the power of AI. Take a photo of your space and their AI technology renders it in 32+ styles.