technologies news 2023 31 | 05 | 2023

May 2023 Top Tech News

Welcome to the tech news rubric, where we bring you the latest and most sensational tech innovations, discoveries, and developments every month.

In this edition, we delve into the concerns about bubble caused by AI technologies and explore intriguing stories, including Elon Musk’s surprising leave from Twitter, Apple’s latest updates, the ban of TikTok in the state of Montana, brain-chip test approval, and NVIDIA’s goal to reach a $2 trillion market cap.

Let’s dive into more detail.

The Potential for a Big Tech Boom Fueled by AI

The increasing demand for AI-powered chatbots and powerful graphics processing units has raised concerns about a bubble. However, Jeremy Siegel, a professor at Wharton, contends it is not yet a bubble and rejects comparisons to the late-1990s dot-com bubble. Optimism has been aided by Nvidia’s recent great performance, which was fueled by the spike in demand for its AI hardware.

Siegel acknowledges that the stock may be slightly overvalued over the long term, but momentum can drive securities above their fundamental value. He suggests that AI stocks have been instrumental in the rise of the stock market index 500 and could benefit from the banking crisis, as large-cap stocks are less susceptible to credit conditions.

Nvidia

NVIDIA’s AI Advancements and $2 Trillion Market Value

NVIDIA CEO Jensen Huang has announced the company’s dedication to leading the AI industry through the introduction of new technologies and products. The focus on generative AI is emphasized, with the ambitious target of surpassing a $2 trillion market cap. Several innovative technologies have been unveiled, including the 256-GPU GH200 based on Grace Hopper, the MGX platform for system manufacturers, and the Spectrum-X Ethernet networking option.

Notably, the DGX GH200 supercomputer, powered by Grace Hopper and NVLink, stands out as it is specifically designed for training and running large AI models. Boasting impressive features such as 1 exaflop of AI performance, 144 terabytes of shared memory, enhanced GPU-CPU bandwidth, reduced power consumption, and a 600GB GPU building block, this development highlights NVIDIA’s commitment to providing optimized data centers for AI solutions, rather than solely focusing on the sale of individual chips and components.

The End of Elon Musk’s Time at No Twitter

Elon Musk’s tenure as CEO of Twitter has been filled with controversy and significant changes. After just over six months, Musk has announced his intention to step down and hand over the reins to Linda Yaccarino, an NBCUniversal Executive. Yaccarino inherits a platform that has undergone numerous controversial changes since Musk took ownership.

Yaccarino faces the challenging task of repairing Twitter’s reputation with advertisers and users. However, her appointment has been divisive, with concerns about the concept of the “glass cliff” and the continued influence of Musk as Executive Chair and CTO. Some of Musk’s followers, particularly those associated with anti-wokeness and alt-right ideologies, see Yaccarino as a threat due to her association with the World Economic Forum and left-leaning positions on various issues.

Yaccarino’s connections to former President Donald Trump and her choice of accounts followed on Twitter have also drawn attention and criticism from different user groups. Overall, both supporters and detractors of Musk and Yaccarino are unhappy with her appointment, but only time will tell if she can bring positive change to the platform and address its current challenges.

Apple’s Latest Updates

With the release of iOS 16.5, Apple included a sports section in the Apple News app. This serves as a central hub for sports scores, match dates, and linked stories. Additionally, Apple introduced a multiview feature for Apple TV, allowing users to watch multiple games simultaneously. Alongside these updates, Apple is testing iOS 16.6 internally, hinting at potential major releases to come.

Also, Apple has launched a public beta for iOS 16.6. A notable feature in this beta is iMessage Contact Key Verification, which enhances security by alerting users if a potential intrusion is detected on the cloud servers carrying their messages. It allows users to verify contact verification codes in person or over a FaceTime call, protecting against eavesdropping.

The feature is not yet functional in beta, but its visibility suggests it will be fully launched in the final version of iOS 16.6.

Apple updates

Apple’s Rumored VR Headset and xrOS

Rumors abound regarding Apple’s upcoming VR headset, which is expected to come with a new operating system called xrOS. The headset will be the first device to run this operating system and receive regular updates like iOS. The name “xrOS” has been trademarked by Apple and is likely to be unveiled at WWDC 2023.

The operating system will have an iOS-like interface with apps, widgets, and a home screen. It is expected to include stock apps like Safari, Photos, Mail, Messages, Calendar, and an App Store for the headset. The headset may support both augmented reality and virtual reality experiences and utilize gesture inputs. Users may be able to type using a keyboard on their iPhone, Mac, or iPad. The headset will likely be launched with a developer kit, followed by a full release in 2023.

Montana is the First US State to Ban TikTok

Montana has become the first US state to pass a ban on TikTok, a Chinese-owned video-sharing platform. TikTok has filed a lawsuit to prevent Montana from implementing the ban. The ban, set to take effect in January 2024, would make it illegal for app stores to offer TikTok but would not prevent current users from accessing the platform.

TikTok argues that the ban infringes on the First Amendment right to free speech and that Montana has exceeded its authority by interfering with national security and user data, which is typically handled by the federal government. The company has 150 million American users and has faced scrutiny globally over concerns about data privacy and potential ties to the Chinese government. Montana’s government is prepared to defend the ban in court.

Tik Tok News

Brain-Chip Tests

The US Food and Drug Administration (FDA) has given Neuralink, a brain-chip business owned by Elon Musk, permission to carry out its first tests on humans. Neuralink aims to connect brains to computers to restore vision and mobility in people.

While it does not currently have immediate plans to recruit participants, the FDA acknowledged the announcement. Neuralink’s microchips interpret brain signals and transmit information to devices via Bluetooth. The company’s long-term goal is to help individuals with paralysis, blindness, and disabilities use technology. Neuralink’s approval follows a recent breakthrough by Swiss researchers who enabled a paralyzed man to walk using brain implants.

Conclusion

Diving into the world of tech news, we took a closer look at the tech boom caused by artificial intelligence, Elon Musk’s departure from Twitter, Apple’s latest updates and upcoming virtual reality headset, TikTok’s legal battles, Neuralink’s brain chip tests, and NVIDIA’s extraordinary achievements in AI.

These stories demonstrate the continuous development of technology and its impact on various industries and our daily lives. Follow the news in the next edition of the tech news rubric.

READ ALSO: HOW TO SPEED UP YOUR COMPLEX SOFTWARE DEVELOPMENT PROCESS UTILIZING AI ALGORITHMS

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