AI and Crypto: The Green Dilemma

Crypto assets and artificial intelligence (AI) are power hungry. Crypto mining and data center now account for 25 of global electricity use and nearly 1% of global emissions. Full story here.

Source: RiskBusiness

G42 Abu Dhabi

G42 is an artificial intelligence firm founded in 2018, and is based in Abu Dhabi, the United Arab Emirates (UAE). The company performs AI research and development processes. 

Key facts from this article:

• G42 is a technology holding company and a giant in artificial intelligence.

• The firm has strong connections in the region and is chaired by the UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan.

• G42 has has partnerships with OpenAI, Dell, IBM, Microsoft, Nvidia and Oracle, Cerebras, which is building G42 a super computer, pharma titan AstraZeneca, genetics giant Illumina and Mercedes.

• The company has since severed its links with Beijing.

• Microsoft vice chair and president Brad Smith, will gain a seat on G42’s board.

Source: Bloomberg.com

Arab Saudi and AI Landscape

Saudi Arabia is working on “Project Transcendence,” to be a leading hub for artificial intelligence (AI) in the Middle East.

With an investment of $100 billion, the project will rival the technological advancements of the United Arab Emirates. It is part of its Vision 2030 framework, moving away from oil-dependence economy. Full story here.

Source: TechChannel News.

Who are Nvidia's Competitors?

Is bigger better? The AI chips war among Nvidia, AMD and Cerebras will hopefully spur further innovation. Key points from this article:

• Advanced Micro Devices (AMD) is Nvidia's closest competitor in the data center and GPU markets.
• Cerebras Systems is differentiating itself from Nvidia through its unique chip architecture.
• While AMD and Cerebras are both expanding, Nvidia is still likely to remain the chip king.

Source: The Economist. Internet.

Source: Internet.

Cerebras Systems

Cerebras Systems is an AI chip manufacturer that builds  “the world’s largest chip”. Its flagship product, the Cerebras Wafer-Scale Engine (WSE), the size of a dinner plate, offers improved training times and simplified AI training methods at lower prices than Nvidia’s industry-standard GPU chips. 

Below is a 21-minutes Youtube interview with the CEO, Andrew Feldman.

Feldman completed his Bachelor of Arts in Economics and Political Science from Stanford University between 1987 and 1991. He earned his MBA at the Stanford University  in 1997. 

Source: CartoonStock

Source: Youtube.

Lisa Su, CEO of the Year

According to Forbes, Lisa Su, the CEO of semiconductor firm Advanced Micro Devices (AMD), has led one of the greatest recent turnarounds in the technology sector.

AMD's stock soared nearly 40-fold since Su became CEO in 2014 through early May 2024.

The biggest competitor is Nvidia. Nvidia is run by her distant relative Jensen Huang.

Lisa Su was born in Tainan, Taiwan, in 1969, and immigrated to New York City at age 3.

She went to MIT, earned a bachelor's (and later a Ph.D.) in Electrical Engineering because it seemed to be the most difficult major.

She joined AMD in 2012 and became CEO two years later.

As of February 2024, she is one of just 26 U.S. self-made women and 26 hired executives to accumulate 10-figure fortunes.

Source: Internet.

Source: Youtube (2 minutes).

Nvidia

Nvidia designs and sells GPUs for gaming, cryptocurrency mining, and professional applications; the company also sells chip systems for use in vehicles, robotics, and more.

Nvidia CEO Jensen Huang suggested the name Nvidia, from "invidia", the Latin word for "envy."

Nvidia is redefining the entire virtual experience. Hopefully the tech boom is sustainable and focuses on green technology, as pointed-out by this article. 

Source: Henry Payne on X.