NVIDIA to Face Antitrust Charges in France 🤯

Welcome to another edition of Horizon AI,

Nvidia may be on the verge of a major challenge to its dominance in the AI market, with France reportedly on the verge of filing antitrust charges.

Let's get into it!

Read Time: 3.0 min

Here's what's new today in the Horizon AI

• A Chart to Kickstart Your Day 📈: All of the World’s Trillion-Dollar Companies

• Nvidia Faces Potential Antitrust Charges in France

• Runway's Gen-3 Alpha AI Video Model is Now Available

• AI Tools to check out and AI Job board

• The Latest in AI and Tech 💡

• AI Showcase

A chart to kickstart your day

All of the World’s Trillion-Dollar Companies

• This graphic lists the world's trillion-dollar companies by market cap, sourced from Companiesmarketcap.com as of June 18, 2024.

• Taiwan’s TSMC, the world's largest contract manufacturer of semiconductor chips, is the next closest company to reaching the $1 trillion milestone.

Source

AI News

NVIDIA

Nvidia Faces Potential Antitrust Charges in France

France's antitrust regulator is on the brink of filing charges against Nvidia for alleged anti-competitive practices.

Key Details:

• The French authorities could be the first to take action against the chipmaker.

• The French competition authority began investigating Nvidia with raids on its local offices last September.

• The investigation focuses on concerns about the industry's reliance on Nvidia's CUDA chip programming software and the company's investments in AI-focused cloud service providers such as CoreWeave.

• Companies found violating French antitrust laws could face fines of up to 10% of their annual global revenue.

Nvidia controls 80% of the global GPU semiconductor chip market, a position that has skyrocketed the company to become the world's most valuable. This market dominance has attracted the attention of regulators, not only in Europe but also in the U.S., where the Department of Justice is leading an investigation.

Source

RUNWAY

Runway's Gen-3 Alpha AI Video Model is Now Available

RunwayML has officially launched Gen-3 Alpha, a powerful text-to-video generation model that is set to compete directly with OpenAI's Sora.

Details:

• After a brief closed alpha testing phase, Gen-3 Alpha is now available to all users.

• This new model offers remarkable advancements in video quality, including enhanced detail, consistency, and motion representation.

• Access to Gen-3 Alpha requires a paid subscription starting at $15 per month.

• Video generation operates on a credit system, with the standard plan offering 625 credits per month, equating to 62 seconds of video generation. Users can purchase additional credits.

Since OpenAI showcased Sora, all other companies have been playing catch-up, including Runway, a longtime pioneer in this field. With Gen-3, it seems they have finally caught up.

You can access the new model via RunwayML.

Source

AI Tools to check out

🚀 Hook Generator GPT: Make viral threads to boost your Twitter game.

✨ Cartoonifier: Turn any selfie into a cartoon.

🚀 Content Codex: Your brand’s content strategy —Enhanced by AI.

📚 Quizard: AI answer app designed to help students at all levels conquer their studies.

💻 Julius: Analyze your data with computational AI.

AI Job Board

💻 Data Analyst - Lyft

📈 Product Manager - Stellar

👨‍💻 Data Scientist - Airbnb

💻 Software Engineer - Reddit

The latest in AI and Tech

Apple silicon exec joins Rain AI

Rain AI, backed by OpenAI CEO Sam Altman, has recruited former Apple chip executive Jean-Didier Allegrucci to lead the development of new AI processors. Bloomberg reports that these processors aim to reduce power consumption through advanced "in-memory compute" technology.

Apple to announce Google Gemini deal this fall

Apple is expected to announce a partnership with Google to integrate the Gemini AI model into its devices this fall, according to Bloomberg's Mark Gurman. Meta's Llama chatbot was rejected due to its inadequacy, while a potential deal with Anthropic remains uncertain.

Instagram updates AI label after photographers' complaints

Meta has revised its "Made with AI" label to "AI info" on Instagram following backlash from photographers. The original label incorrectly tagged real-life photos edited with tools like Photoshop as AI-generated. The new "AI info" label provides more context and aims to address concerns about mislabeling and the impact on photographers' work.

Amazon expands AI tools for European sellers

Amazon has extended its generative AI tools to sellers in France, Germany, Italy, Spain, and the UK. These tools, initially launched in the US, help sellers create and optimize product listings by generating descriptions, titles, and filling in missing information.

AI Showcase

🖼 AI art of the day

A professional studio shot of "Felix Professional Makeup Brush Cleaner" bottle, placed among neatly arranged makeup items like brushes and eyeshadows, with a red stamp on the left side declaring "BEST MAKEUP BRUSH CLEANER - THE NUMBER ONE VOTED." Light blue or teal background, exuding a clean and professional look. Balanced lighting, high contrast, sharp details, hd quality, natural look --ar 4:5 --stylize 250

📹 AI video of the day

AI meme of the day

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Gina 👩🏻‍💻