The week in AI

Hi, it’s Lynn in New York. The word of the week is Nvidia.In a single day, the chipmaker Nvidia Corp. became $184 billion more valuable — br [View in browser]( [Bloomberg]( Hi, it’s Lynn in New York. The word of the week is Nvidia. Feeling chipper In a single day, the chipmaker Nvidia Corp. became $184 billion more valuable — [bringing it to the verge]( of a $1 trillion market capitalization — after blowing past Wall Street’s quarterly sales expectations. Largely thanks to a surge in demand for artificial intelligence. Its outlook managed to [bolster other chip companies](, the [broader stock]( market — and maybe the US [dollar](, too. Don’t forget the much tinier, $55 billion chip company Marvell Technology Inc. It [enjoyed]( a 32% bump after projecting an AI-fueled doubling in sales. Rival Intel Corp. was [decidedly not](bbg://news/stories/RV7YVUDWLU68) a winner. This was also the week that Big AI toured Europe. After we broke the news on UK Prime Minister Rishi Sunak inviting [tech executives](to talk AI, his office confirmed [he’d met with]( Alphabet Chief Sundar Pichai to discuss the need for “guardrails.” Pichai also met with EU regulator Thierry Breton and [committed to](bbg://news/stories/RV617RDWRGG0) a “voluntary pact’’ governing the use of AI ahead of more formal rules. OpenAI’s Sam Altman took a [very different]( approach: He said in London that he’d pull out of Europe if the EU passed AI regulations that the company couldn’t comply with. It didn’t take long for Breton to fire back, accusing him of blackmail. Altman later appeared to [soften his tone](. It just so happens OpenAI’s big backer, Microsoft Corp., was in Washington that day, [calling for a new US agency]( to regulate AI. When asked about Altman’s comments, Microsoft President Brad Smith said he was optimistic that “reason will prevail.” Meanwhile, the risks of AI continue to become apparent. A [fake photo]( of an explosion near the Pentagon that appeared to be AI-generated went viral, briefly sending US stocks lower. The National Center for Missing and Exploited Children warned that [child predators]( are using generative AI to share fake child sexual abuse and avoid detection. An HR analytics firm warned that new AI tools stand to [disproportionately affect]( the employment of women. Some of the world’s largest venture capitalists are [scouring their portfolios]( for investments that may be upended by AI. And UBS analysts warned that AI could prove “highly disruptive’’ to markets by [spreading false information]( and raising the chances of intellectual property leaks. Anthropic said it had raised $450 million to bolster the development of an AI bot that is[less prone to being manipulated]( to produce harmful content. TikTok is testing its [own AI chatbot]( named Tako. And our reporters broke news on an AI-backed marketing platform [completing a funding round]( that valued it at almost $2 billion. Don’t miss our deep dive into an AI company [plagued by product delays]( and micromanagement — and our exclusive look inside [Amazon’s attempts]( to prove it really has entered the generative AI race. —[Lynn Doan](mailto:ldoan6@bloomberg.net) One to watch [Watch the latest episode]( of the Bloomberg Originals series AI IRL on AI’s potential to upend education. The week ahead Nvidia CEO Jensen Huang, whose company has clearly become an AI darling, is among the speakers at Computex in Taipei. Bloomberg will be there. And a programming note: This newsletter is taking Monday off. See you on Tuesday! More from Bloomberg Get Bloomberg Tech newsletters in your inbox: - [Cyber Bulletin]( for coverage of the shadow world of hackers and cyber-espionage - [Game On]( for reporting on the video game business - [Power On]( for Apple scoops, consumer tech news and more - [Screentime]( for a front-row seat to the collision of Hollywood and Silicon Valley - [Soundbite]( for reporting on podcasting, the music industry and audio trends - [Hyperdrive]( for expert insight into the future of cars Follow Us You received this message because you are subscribed to Bloomberg's Bloomberg Tech Daily newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](