Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Nvidia (NVDA) CEO Jensen Huang said he thought this week’s sell-off of software company shares was “illogical.”
“It’s the most illogical thing in the world,” Huang said at the Cisco AI Summit late Tuesday, according to Bloomberg. “There’s this notion that the tool is in decline and being replaced by AI. Would you use a screwdriver or invent a new screwdriver?”
- Advanced Micro Devices (AMD) CEO Lisa Su asserted that her company is seeing strong demand for its chips, despite its weaker-than-expected forecast.
“What I would tell you from someone on the inside is AI is accelerating at a pace that I would not have imagined,” Su told CNBC, adding that demand for both its data center products and CPUs is accelerating as well due to AI.
Su also said she expects AMD to reach an “inflection point” later this year when it begins shipping its Helios AI rack-scale platform.
- Anthropic (ANTHRO) said it doesn’t intend to feature ads or sponsored links in conversations with its AI chatbot Claude.
“We want Claude to act unambiguously in our users’ interests. So we’ve made a choice: Claude will remain ad-free. Our users won’t see ‘sponsored’ links adjacent to their conversations with Claude; nor will Claude’s responses be influenced by advertisers or include third-party product placements our users did not ask for,” the company said in a blog post on Wednesday.
“Our business model is straightforward: we generate revenue through enterprise contracts and paid subscriptions, and we reinvest that revenue into improving Claude for our users. This is a choice with tradeoffs, and we respect that other AI companies might reasonably reach different conclusions,” Anthropic added.
Last month, rival OpenAI (OPENAI) said it would begin testing ads in conversations with certain tiers of its AI chatbot ChatGPT.