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- 🤖 NVIDIA launches affordable AI supercomputer
🤖 NVIDIA launches affordable AI supercomputer
AND: More tech news from Microsoft
Roni Rahman
December 18, 2024
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Greetings! Your latest quick tech update is here:
☀️ On this day: On December 18, 1991, IBM and Siemens AG announced a prototype of a 64-megabit dynamic random-access memory (DRAM) chip. This advancement marked a significant leap in memory technology, enabling more powerful and efficient computing systems.
What’s happening:
🤖 NVIDIA launches affordable generative AI supercomputer
🔐 LastPass hack linked to millions in stolen crypto
🚫 FTC bans hidden junk fees for hotels and tickets
🔍 Google earns more from Windows than Microsoft
🚀 Databricks raises $10B, hits $62B valuation milestone
+ 📊 Daily poll and results
+ 📈 Trending tools and resources
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Hand-picked news:
🤖 NVIDIA launches affordable generative AI supercomputer ↗️LINK
What: NVIDIA unveiled the Jetson Orin Nano Super Developer Kit, a compact generative AI supercomputer priced at $249, a 50% reduction from its predecessor. It boasts a 1.7x boost in generative AI inference performance, 67 INT8 TOPS, and enhanced memory bandwidth at 102GB/s.
Why: Designed for developers, hobbyists, and students, the device supports generative AI, robotics, and computer vision. It offers a platform for prototyping edge AI applications and caters to the evolving AI trend toward foundation models.
Impact: The kit democratizes access to advanced AI capabilities, fostering innovation in diverse fields. Its affordability and powerful software ecosystem, including support for NVIDIA Isaac and Omniverse, make it a game-changer for AI development.
🔐 LastPass hack linked to millions in stolen crypto ↗️LINK
What: The hacker behind the 2022 LastPass breach has stolen $5.36 million from 40 crypto wallets by exploiting stolen customer keys, API tokens, and weak master passwords. Past thefts linked to the breach include $4.4M in October 2023 and $6.2M in February 2024.
Why: The breach exposed sensitive data like MFA seeds and encrypted password vaults, which are vulnerable if the master password was weak or previously leaked. Crypto thefts highlight the dangers of reusing compromised passwords and insufficient security practices.
Impact: Over $35M has been stolen from victims since the breach, emphasizing the critical need for strong, unique passwords and multi-factor authentication. Users are urged to migrate crypto assets immediately if key information was ever stored in LastPass.
🚫 FTC bans hidden junk fees for hotels and tickets ↗️LINK
What: The FTC has approved a rule requiring hotels, vacation rentals, and ticket sellers to disclose the total cost of a purchase, including hidden fees like "resort" or "service" fees, upfront and prominently before checkout. The rule takes effect in April 2024.
Why: The move aims to protect consumers from surprise fees that inflate prices at the last minute, saving billions in unnecessary costs and reducing wasted time. FTC Chair Lina Khan emphasized transparency as key to fair pricing.
Impact: The rule is expected to increase price clarity and reduce deceptive practices across industries, benefiting consumers. Additional FTC measures, such as easier subscription cancellations and tech scam protections, further bolster consumer rights.
🔍 Google earns more from Windows than Microsoft ↗️LINK
What: Microsoft CEO Satya Nadella disclosed that Google earns more revenue from Microsoft’s Windows than Microsoft itself, thanks to its dominance in search and lucrative deals like the $15 billion agreement to make Google the default search engine on Apple’s Safari browser.
Why: Despite Windows' global reach, Google’s exclusive deals and alleged antitrust violations hinder Bing’s growth. Nadella highlighted Microsoft’s efforts to secure similar deals and its optimism about AI tools like ChatGPT reshaping the search landscape.
Impact: The rise of AI-powered search engines, including Microsoft-backed OpenAI’s ChatGPT, poses a potential challenge to Google’s monopoly. Microsoft aims to leverage this shift to reclaim market share in search and AI.
🚀 Databricks raises $10B, hits $62B valuation milestone ↗️LINK
What: Databricks, an AI and data analytics company, raised $10 billion in Series J funding, with $8.6 billion secured so far. The round, led by Thrive Capital, values the company at $62 billion and includes notable investors like Andreessen Horowitz and ICONIQ Growth.
Why: The funds will drive AI product expansion, acquisitions, and international growth while providing employee financial liquidity. Databricks' platform powers analytics, machine learning, and AI applications, aligning with its mission to democratize data intelligence.
Impact: With 60% revenue growth and 500+ million-dollar clients, Databricks is positioned as a leader in AI innovation, tackling challenges like climate change and healthcare. It expects $3 billion in revenue run rate by 2025, signaling robust market influence.
Today’s Poll:
AI-Powered Search Engines: Disruptive or Overhyped? |
Vote and find out about the result tomorrow.
Yesterday’s Poll Result:
Do you use Apple Intelligence features on your iPhone?
A) Yes – I use them regularly - 32%
B) No – I haven’t explored them yet - 68% 👑
Readers opinion:
“does not work yet in my (European) country”
Meco: Meco app is your space to read newsletters outside the inbox. Add your newsletters in seconds and FREE your inbox today.
Taplio: Taplio is a complete powerhouse for LinkedIn growth. Its wide range of features enables you to learn, create, schedule content all from one place.
Cook Clock: This tool generates step-by-step cooking instructions based on your ingredients, oven space, and more to help you tackle big holiday meals.
Awesome ChatGPT Prompts: This repository contains a variety of prompts for use with ChatGPT.
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