The Week in AI. Top AI News and Tutorials

Apple Intelligence and the AiPhone. NVIDIA Becoming the Largest Company. Elon Musk Dropping the OpenAI Lawsuit

Saygin Celen

Published in

Innovation Party

Sent as a

Newsletter

5 min readJun 17, 2024

Hi, AI Futurists!

Seems OpenAI is hallucinating or dreaming about GPT-5. As we asked the simple question: Tell me about GPT-5 in GPT itself, it started telling about it in detail.

We know that OpenAI is training its GPT model for the next version, GPT-5, and they will most probably release it this summer, however, when we ask Perplexity AI about GPT-5, it says that it hasn’t been released yet, and Perplexity is using the GPT LLM.

It seems GPT is confused about who actually it is because of a glitch in the system.

Without further ado, let’s get started.

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Top AI News of the Week

Apple Intelligence: Paving the AI Future with ChatGPT, Boosts Stock to Record High
NVIDIA on the Path to Becoming the Largest Company in the World
Musk’s Lawsuit Against OpenAI Dismissed Without Prejudice

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TOP AI NEWS OF THE WEEK

Apple Intelligence: Paving the AI Future with ChatGPT, Boosts Stock to Record High

Apple announced its new AI platform, Apple Intelligence, at the WWDC 2024, which will be integrated into iOS 18, iPadOS 18, and macOS Sequoia. This announcement led to a 7.3% surge in Apple’s stock, closing at a record high of $207.15, as investors anticipated significant growth from an upgrade cycle spurred by the new AI features.

NVIDIA on the Path to Becoming the Largest Company in the World

In the past month, NVIDIA’s stock surged by 40%, adding $1 trillion to its market capitalization. Last week alone, it rose by 10%, reaching a valuation of $3.24 trillion, close to Microsoft’s $3.29 trillion and Apple’s $3.26 trillion. With an 80% market share in AI chips and data centers — projected to grow 37% annually until 2030 — NVIDIA is poised to soon become (as soon as this Monday) the world’s most valuable company. Stock splits have also bolstered its growth. What’s crazy is that this is just the beginning; we strongly believe NVIDIA remains a strong investment.

Elon Musk’s Lawsuit Against OpenAI Dismissed Without Prejudice

Elon Musk dropped his lawsuit against OpenAI without explanation. The lawsuit, filed in February, accused OpenAI of abandoning its non-profit mission and focusing on profits. OpenAI countered that Musk had previously supported a for-profit structure and even suggested a merger with Tesla. The lawsuit was dismissed without prejudice, allowing Musk to potentially reactivate it later.

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