BING-JHEN HONG
Seeking Alpha’s daily roundup of remarks and statements that could impact the tech sector.
- Nvidia (NASDAQ:NVDA) CEO Jensen Huang said that robotics represents the biggest growth opportunity for the company next to AI.
“We have many growth opportunities across our company, with AI and robotics the two largest, representing a multitrillion-dollar growth opportunity,” Huang told listeners Wednesday at Nvidia’s (NASDAQ:NVDA) annual shareholder’s meeting, according to CNBC.
“We’re working towards a day where there will be billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robotic factories that can be powered by Nvidia technology,” Huang added.
- Blockchain startup Republic said it plans to offer digital tokens that mirror the performance of private shares of SpaceX (SPACE), according to The Wall Street Journal.
Republic also hopes to soon offer tokens mirroring shares of such high-profile private tech companies as OpenAI and Anthropic.
“Republic CEO Kendrick Nguyen said he’s confident in the tokens’ legality, but added that it’s possible regulators might take a different view,” the Journal added.
- Alphabet’s Google (NASDAQ:GOOG) (NASDAQ:GOOGL) said it has unveiled an open-source AI coding tool for developers called Gemini CLI.
“With Gemini CLI, you can have a natural language conversation with your computer to solve problems, to weave complex workflows together to do way more than you could have possibly done in the past,” Google senior engineer Taylor Mullen told reporters ahead of the announcement, according to Bloomberg.
Google added that Gemini CLI will also be integrated with Google’s AI coding assistant, Gemini Code Assist, “so that all developers — on free, Standard, and Enterprise Code Assist plans — get prompt-driven, AI-first coding in both VS Code and Gemini CLI.”
- Bumble (NASDAQ:BMBL) is laying off 30% of its workforce, according to an SEC filing.
The dating app company said that it plans to cut 240 positions as part of a restructuring initiative, which will result in one-time charges of around $13 million to $18 million.
- Gartner (NYSE:IT) said in a new report that over 40% of agentic AI projects will be cancelled by the end of 2027 over high costs, unclear business value or inadequate risk controls.
“Most agentic AI projects right now are early-stage experiments or proof of concepts that are mostly driven by hype and are often misapplied,” said Gartner Senior Director Analyst Anushree Verma, in a statement.
“This can blind organizations to the real cost and complexity of deploying AI agents at scale, stalling projects from moving into production. They need to cut through the hype to make careful, strategic decisions about where and how they apply this emerging technology,” Verma added.