If an AI bubble burst is coming, it isn't here yet
The big picture: Nvidia briefly overtook Apple as the world's most valuable company late last month, but this week it solidified that position for the second time in a more definitive way. The GPU maker's meteoric rise and the dethronement of Intel on the Dow Jones index signifies a major shift toward AI in the tech sector. However, uncertainty still surrounds the new technology.
The big picture: Apple has launched its answer to the generative AI models and features offered by the likes of OpenAI, Google, and Microsoft. Although Apple Intelligence is now available to owners of compatible devices, many of its intended features are still slated for release in the coming months. Furthermore, leaked internal communications suggest that its capabilities currently fall significantly behind those of ChatGPT.
WTF?! There's still a lot of pushback against generative AI from most of the public. Not only are there concerns about the technology taking jobs and plagiarising, but many worry about control being taken out of humans' hands. Google and other companies' solution, it seems, is to create AI agents that can take over your PC, moving the mouse cursor, browsing the web, and entering text.