Home Latest News Artificial intelligence AI Today: News Highlights | February 06, 2024

AI Today: News Highlights | February 06, 2024

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Amazon’s New AI Assistant: Rufus

Amazon.com introduces Rufus, its latest AI assistant aimed at aiding shoppers with product queries. Despite promises to guide users to suitable items, concerns arise over potential bias favouring Amazon’s profits and sponsored products.

Amidst an antitrust lawsuit, the FTC accuses Amazon of a “pay-to-play” system, spotlighting products based on advertising spending. Amazon refutes allegations, vowing to challenge the lawsuit.

Rufus’s algorithm remains secretive, drawing scepticism from analysts like Michael Pachter, who speculate on potential advertising integration.

While trained on diverse data sources, including product catalogues and web content, transparency about Rufus’s operations remains limited, prompting further scrutiny.

Nvidia’s Record High: Goldman Sachs Raises Price Target

Nvidia’s shares poised to reach new heights following Goldman Sachs’ upward adjustment of the chip maker’s price target, projecting substantial earnings surge from the AI industry boom.

Pre-market trading shows a 3.4% increase, propelling the stock to $683.80 and potentially boosting market capitalization by $55 billion, reaching $1.63 trillion.

Despite a remarkable 34% surge year-to-date, Nvidia’s soaring stock price raises concerns about relative affordability compared to peers, trading at 31.4 times forward earnings estimate versus the industry average of 22.9. Nevertheless, Goldman Sachs analyst Toshiya Hari remains bullish, foreseeing further growth potential.

Canon’s New Lithography Machines Garner Early Interest

Japan’s Canon reports that initial interest in its latest lithography chip-making machines surpasses expectations, marking a significant effort to narrow the gap with ASML, a Dutch competitor.

Canon-Lithography-machine

ASML’s extreme ultraviolet (EUV) lithography machines, utilised by industry giants like TSMC and Intel, have propelled it to become Europe’s leading tech company. Canon’s unveiling of nanoimprint lithography machines in October aims to offer a cost-effective and energy-efficient alternative, sparking industry debate about their potential.

These machines, which directly imprint circuit patterns onto wafers, highlight Canon’s commitment to innovation in semiconductor manufacturing.

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