🤖 OpenAI’s Legal Battle With...Open AI?

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Welcome back AI enthusiasts!

In today’s AI Report:

• 📈How Nvidia’s Stock Market Cap Reached $3.4 Trillion

• 🏛OpenAI’s Legal Battle With…Open AI?

• 🎮AI Simulates CS:GO Gameplay on Dust II Map

• 🛠Trending Tools

• 💰Funding Frontlines

• 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

NVIDIA

📈How Nvidia’s Stock Market Cap Reached $3.4 Trillion

On Monday, Nvidia’s stock market cap briefly reached $3.4 trillion, making it the world’s second most valuable publicly traded company. Then, On Tuesday, it suddenly dropped 4.52%.

Key Details:

On Monday:

• Nvidia’s stock price rose 2.39% to a record closing high of $138.07. The chip maker’s stock has nearly tripled in value this year, signaling the continuing AI boom.

• Big Tech companies such as Amazon, Microsoft, Meta, Google, and Tesla rely on Nvidia’s Graphics Processing Units (GPUs) to power AI projects.

• GPUs are specialized computer chips capable of parallel processing (i.e., performing mathematical calculations simultaneously), making them ideal for complex AI applications.

• For example, Elon Musk’s xAI recently launched “Colossus,” the world’s biggest AI Cluster powered by 100,000 Nvidia H100 Tensor Core GPUs.

• An AI Cluster is a computer network that combines its power, storage, and memory to process large datasets and accelerate AI workloads.

On Tuesday:

• On Tuesday, it suddenly dropped 4.52% because ASML’s Q3 FY2024 Report was briefly published on the company’s website despite a scheduled release date of Wednesday.

• ASML’s expected 2025 Net Sales were forecasted at $32.65 billion instead of the anticipate $38.97 billion.

• Net Sales is the total amount of money a company earns from sales after subtracting returns, allowances, and discounts.

• ASML supplies the Extreme UltraViolet (EUV) Lithography Systems critical for manufacturing advanced semiconductors.

• Nvidia relies on ASML’s EUV Lithography Systems to produce GPUs. If there aren’t enough of them, it could lead to GPU shortages that halt AI developments.

Will Nvidia’s AI Boom Continue?

• Analysts estimate Nvidia will generate $32.9 billion or experience an 81.45% increase in revenue within the next year.

• Nvidia’s Price/Earnings-to-Growth (PEG) Ratio is 1.23, suggesting Nvidia might be slightly overvalued. But overall, it’s a very solid ratio.

• PEG is a metric that helps investors value a stock by considering a company’s market price, earnings, and future growth prospects.

OPENAI

🏛OpenAI’s Legal Battle With…Open AI?

OpenAI is reportedly involved in a legal battle with Guy Ravine, who claims he created the company’s name and mission, pitching it to industry experts before it was stolen.

Key Details:

• Guy Ravine, an investor and technology enthusiast in Silicon Valley, claims OpenAI stole his “Open” concept.

• In March 2015, he registered the domain “open.ai” and pitched his “Open AI” (i.e., with a space) platform to industry experts.

• Ravine envisioned a collaborative platform to develop Artificial General Intelligence (AGI) for the benefit of humanity.

• Tom Gruber, the co-inventor of Siri and a respected AI pioneer, says Ravine pitched him his idea before OpenAI existed.

• In December 2015, Altman announced the creation of OpenAI, a non-profit open-source initiative to “ensure AGI benefits all of humanity.”

• In August 2023, OpenAI sued Ravine, accusing him of trying to profit from their brand. In response, he filed a counterclaim stating that OpenAI stole his idea.

Why It’s Important:

• Ravine claims he pioneered the idea of open-source AI developments years before OpenAI was founded, insisting his “Open” concept revolved around making AI accessible to everyone, not just Tech Giants.

• This situation is crazy?! Everyone is labeling this legal battle “the claim that’s rocking Silicon Valley.” It’s hard to discern whether Ravine is delusional or an underdog crushed by OpenAI.

🚨View Ravine’s counterclaim here.

🩺 PULSE CHECK

AI RESEARCH

🎮AI Simulates CS:GO Gameplay on Dust II Map

Microsoft researchers developed Diffusion As a Model of eNvironment Dream (DIAMOND), a Reinforcement Learning (RL) AI agent trained in a Diffusion World Model (DWM).

RL teaches AI agents to make decisions that result in the best outcomes. It mimics the “trial-and-error” process humans use to learn, where actions that lead to desired outcomes are reinforced.

DWM predicts a complex environment’s future state, enabling the AI agent to “imagine” different future scenarios and game plan strategies.

DIAMOND can generate a playable simulation of Counter-Strike: Global Offensive (CS:GO) at 10 Frames per Second (FPS). DIAMOND was trained on just 87 hours of CS:GO gameplay.

DIAMOND showcases a critical step towards creating AI agents that learn from complex environments and interact with them meaningfully by predicting future scenarios to develop strategic choices.

🛠TRENDING TOOLS

📊SheetBot analyzes, visualizes, and summarizes your data.

⚙️LLMWare develops tools for regulatory-intensive industries.

🐙HiredScore is a recruitment solution that helps companies hire talent.

🗣Audeus will read aloud any text to help you get into the flow instantly.

🕸HotBot is an AI-powered search engine that curates the most relevant results.

🔮Browse our always Up-To-Date AI Tools Database.

💰FUNDING FRONTLINES

• Figr bags a $2.25M Seed Fund to pioneer AI-powered product design solutions.

• Gladia secures a $16M Series A for AI transcription and analytics offerings.

• Strella raises a $4M Seed Fund to automate and accelerate market research with AI-powered customer interviews.

💼WHO’S HIRING?

• Skydio (San Mateo, CA): Autonomy Engineering Intern, Summer 2025

• TransUnion (White Plains, NY): Business Analytics Intern, Summer 2025

• SOLIDIGM (Rancho Cordova, CA): SSD Validation Development Intern, Summer 2025

• Nvidia (Santa Clara, CA): Resiliency and Safety Architect, New College Grad 2024

• Splunk (Boulder, CO): Software Engineer, Early Career

🤖PROMPT OF THE DAY

IDEA GENERATION

💭Disruptive Business Idea

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Then, outline a detailed execution plan that includes target demographics, potential revenue frameworks, and competitive advantages.

Industry, Niche, or Sector = [Insert Here]

📒FINAL NOTE

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