$800Bn crash 📉 (AI infra in fire); Nvidia is a 🫧 bubble: Hedge fund

+ Learn to blur out sensitive information while screen recording ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more NextBigWhat is on a mission to enable you to make you micro-smarter every day - across a range of topics (AI to mental health, psychology to economics). Free yourself from info overload with the 🇮🇳 Independence day offer ! [Get the exclusive offer]( --------------------------------------------------------------- [$800Bn crash 📉 (AI infra in fire); Nvidia is a 🫧 bubble: Hedge fund]( + Learn to blur out sensitive information while screen recording Aug 6   [READ IN APP](   [Image]( #BlackMonday: The global market has crashed badly and that reminds us of the famous quote "In a recession, money returns to its rightful owners." [Upgrade to paid]( One of the key drivers behind this crash among tech companies is the lack of clarity on RoI over AI spends. --------------------------------------------------------------- Top AI News - Magnificent 7 set to shed $800 billion in value: Nvidia tumbled 7%, and Microsoft and Meta Platforms fell 3% as worries about a potential U.S. recession compounded investor concerns about massive spending to build AI infrastructure. [Share]( - OpenAI cofounder joins rival Anthropic + OpenAI president, Greg Brockman is on an extended leave of absence. And product leader, Peter Deng has quit too. - Nvidia’s AI tools heavily rely on internet video data. A recent report reveals that Nvidia collects data from various popular websites like Youtube and platforms to train its AI products. The company maintains that its practices are within legal bounds. - YouTuber files class action suit over OpenAI’s scrape of creators’ transcripts: As [OpenAI’s] AI products become more sophisticated through the use of training data sets, they become more valuable to prospective and current users, who purchase subscriptions to access [OpenAI’s] AI products. Much of the material in OpenAI’s training data sets, however, comes from works that were copied by OpenAI without consent, without credit, and without compensation. Help us reach your friends and colleagues. [Share]( --------------------------------------------------------------- Discover New Products - [ExpenseMonkey]( Simplest expense management, set up in 30s - [LaunchPage]( Create waitlist in minutes - [JigsawStack]( AI APIs for every tech stack - [Blur It]( Blur out sensitive information while screen recording *denotes sponsored product. [Get in touch]( with NBW to promote your product... Keep reading with a 7-day free trial Subscribe to NextBigWhat: Startups, AI and You to keep reading this post and get 7 days of free access to the full post archives. [Start trial]( A subscription gets you: 😎 Every issue of the site content and the newsletter ✅ Minimum 4 premium-only issue every week! 🎯 Access to latest book summaries (not even available on Blinkist!)   [Like]( [Comment]( [Restack](   © 2024 Zakti Inc 677, HSR Layout, Bangalore-560102 [Unsubscribe]() [Get the app]( writing]()