In a landmark development that underscores the ongoing fusion of artificial intelligence (AI) and the cryptocurrency sector, Microsoft has entered into a transformative alliance with CoreWeave, a notable ex-Ethereum miner. This partnership seeks to tap into untapped potential by leveraging the might of cloud computing infrastructure and pushing the limits of technological innovation. CoreWeave, one of the fastest-growing players in the industry, has swiftly broadened its expertise beyond Ethereum mining.

Qualcomm Inc., the world’s largest smartphone processor manufacturer, is transitioning from a communications company to an “intelligent edge computing” firm, according to senior vice president Alex Katouzian. In his keynote speech at the Computex show in Taipei, Katouzian highlighted the significant market potential of mobile devices as the edge for accessing networks and services.

Alibaba has begun introducing its own AI technology, Tongyi Tingwu, as Chinese tech giants strive to lead the country’s artificial intelligence (AI) race. Developed by U.S. company OpenAI, Tongyi Tingwu is an AI-powered assistant that utilizes ChatGPT-style technology to answer user queries. The viral success of ChatGPT has sparked immense interest in generative AI, the underlying technology behind the chatbot.

Google has merged its DeepMind and Google Brain teams into a unified AI team. The newly formed Google DeepMind recently revealed how one of its visual language models (VLM), called Flamingo, is being utilized to generate descriptions for YouTube Shorts, aiming to improve their discoverability.

Palantir Technologies Inc., a renowned builder of operating systems for modern enterprises, and C&A Modas S.A, one of the fashion industry’s largest retail chains, have announced the creation of an Integrated Management Flow system using the Palantir Foundry platform. This software aims to enhance C&A’s inventory management capabilities by providing alerts on restocking products in their portfolio of best-selling items, thereby optimizing the company’s supply chain.

Nvidia Corp., the world’s most valuable chipmaker, experienced a significant surge in late trading as its sales forecast, fueled by booming demand for artificial intelligence (AI) processors, exceeded expectations. The company announced that sales in the three months ending in July are projected to reach approximately $11 billion, far surpassing the average analyst estimate of $7.18 billion. This news caused Nvidia’s shares to soar by as much as 29%, putting them on track to reach a record high.

This week, while OpenAI made headlines, Microsoft also made significant strides in the AI space by introducing a range of AI updates to its suite of mobile apps, intensifying the competition with Google and other players in the market.

OpenAI and Apple have joined forces to introduce the first-ever ChatGPT app for iOS. The app, called “ChatGPT for iOS: OpenAI’s Latest Advancements at Your Fingertips,” is now available for download on the App Store. It is a free app without any advertisements and can be accessed by users in the US who are 12 years or older.

Meta, the parent company of Facebook, Instagram, and WhatsApp, has made a surprising move in the field of artificial intelligence (AI) by publicly releasing its A.I. technology. The company’s chatbot technology, called LLaMA, has been made available as open-source software, allowing anyone to freely access, modify, and utilize the underlying computer code to build their own chatbots. Meta’s decision stands in contrast to the increasing secrecy adopted by rivals Google and OpenAI, who are concerned about the potential misuse of A.I. tools. The release of LLaMA has raised debates about the risks and benefits of an open-source approach to A.I.

Midjourney, an AI image generator, recently announced the beta application of its official Chinese version through a notice on Tencent’s WeChat platform. The company invited Chinese creators to participate in the beta testing, signaling its expansion into the Chinese market.