Nvidia just wrapped a record quarter, with no sign of interest cooling for the GPUs that have become essential to powering the AI boom. Revenue for the company’s most recent quarter was a record $26 billion, up 262 percent year-over-year. Profit also hit a new high, up nearly sevenfold to $14.88 billion compared to the same period a year earlier. The performance drove the already buoyant stock price above $1,000 a share. Company founder and CEO Jensen Huang proclaimed, “the next industrial revolution has begun,” with Nvidia playing a pivotal role in transforming data centers into “AI factories.” Read more

Meta Platforms has unveiled its first natively multimodal model, Chameleon, which observers say can make it competitive with frontier model firms. Although Chameleon is not yet released, Meta says internal research indicates it outperforms the company’s own Llama 2 in text-only tasks and “matches or exceeds the performance of much larger models” including Google’s Gemini Pro and OpenAI’s GPT-4V in a mixed-modal generation evaluation “where either the prompt or outputs contain mixed sequences of both images and text.” In addition, Meta calls Chameleon’s image generation “non-trivial,” noting that’s “all in a single model.” Read more

Barely a month after Ray-Ban Meta smart glasses received a major upgrade, adding Meta AI with Vision in beta in the U.S. and Canada and adding the ability to share what you’re looking at on WhatsApp and Messenger video calls, the company is back with another update. Voice command access to Amazon Music and the wellness app Calm, as well as hands-free posting to Instagram are new features, rolling out “gradually.” Simply say, “Hey Meta, play Amazon Music,” or “Share my last photo to Instagram’” to get results without touching your phone. Read more

Microsoft is enlarging its family of generative Copilots, introducing new AI assistants in its collaborative Teams and SharePoint platforms. Team Copilot expands Copilot beyond the sphere of personal assistant, empowering it to work on behalf of a team with the goal of improving collaboration and project management. Team Copilot will have agents that provide the ability to orchestrate and automate business processes, as well as extensions and connectors designed to make it easy to tailor and extend Copilot to meet specific business needs. Copilot is also launching in preview for all Azure customers. Read more

Amazon is planning to add generative artificial intelligence to its decade-old voice assistant, Alexa, which will require a monthly fee to offset the cost of the technology, according to reports. Although the new Alexa price plan has not been disclosed, it is not expected to be included in the $139 yearly Amazon Prime plan. The possible move comes as Apple is also undergoing an AI overhaul of its voice assistant, Siri. Once considered precocious by many consumers, Siri and Alexa are now playing catch-up to AI assistants from leaders in the space including Google, Microsoft and OpenAI. Read more