Nvidia's reassuring earnings report 📈

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Nvidia keeps beating the odds. Just when some analysts thought the chipmaker’s upward trajectory might finally level off, it announced an encouraging earnings report, quieting even its biggest skeptics. And: A new AI gadget tries to do one thing really well.

Today’s Insights

• Nvidia’s earnings report beats expectations

• Tutorial: Analyzing long documents with AI

• From the Frontier: A new AI-powered ‘memory capsule’

• Everything else you should know today

• 5 new AI tools to boost your productivity

• AI-Generated Images: Happy eyes

NEXT IN AI

Nvidia calms the AI industry with a reassuring report

The AI industry is built like a house of cards: Each company’s success relies on the financial strength of all the others. With its powerful AI chips, Nvidia might as well be the cornerstone, holding the rest of the field on its shoulders. 

So there was a lot riding on Wednesday night’s earnings report: No matter the outcome, Nvidia knew the effects would likely cascade through the rest of the tech industry, and potentially even the wider economy.

Here’s what happened:

• Analysts had expected Nvidia to more than double its revenue in Q2, while anything short of that would have been cause for concern

• It also needed to project that it’d bring in even more revenue this quarter

• It exceeded both of those benchmarks — in fact, its revenue rose by 122% — reassuring investors that AI is still a safe bet, at least for now

Why is Nvidia so dominant? It designs around 90% of the world’s AI chips, and it also builds the software needed to operate those state-of-the-art GPUs. Other companies like AMD and Intel are trying to catch up, but Nvidia has a big head start — and keeps beating rivals to the punch with new releases.

Why the results matter: Investors have poured funding into AI companies over the past few years, but they’re starting to worry about whether firms can turn those investments into sustainable revenue. 

For its part, Nvidia wants to show it still has room to grow, and that its success is built not on AI hype — but on the strength of its products. Its latest earnings report argues that pretty convincingly — and other AI companies are likely rejoicing, knowing that the AI bubble hasn’t burst just yet.

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THE AI ACADEMY

How to analyze long documents with AI

You can now analyze your long documents, texts, and books with AI.

Simply upload your documents, and the AI will quickly summarize key insights, saving you time and effort while ensuring you capture the most important details.

Whether for research, learning, or decision-making, AI can streamline the way you engage with large chunks of information.

FROM THE FRONTIER

A new AI gadget does one thing well

A new AI wearable from SF-based startup Plaud doesn’t want to be a jack-of-all-trades. Instead of tackling everything at once, the small, capsule-shaped NotePin does only a few things — but does each of them well.

Here are the details:

• You can tap the device to record a conversation, meeting, or lecture, with a 20-hour battery life

• You’ll be able to receive transcriptions and summaries of your recordings; then, you can transform them into bulleted lists, slideshows, or emails

• Plaud has a solid track record: Its Note, which pairs with your phone, is one of the few pieces of AI hardware that’s been well-received by critics

• The NotePin is already available for preorder and will start shipping within the next few weeks

PROMPT OF THE DAY

Be solution-oriented

Prompt: Compose a list of key objections or concerns prospects may have regarding our product/service [describe product/service below] within our target audience [describe target audience]. Develop effective rebuttals or solutions to overcome these objections.

_{Source: Scaz}

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AI & TECH NEWS

Everything else you need to know today

• Guess Who’s Back: Amazon is releasing a revamped version of its Alexa assistant in October, although users will now need to pay to access its AI features.

• Entering the Ring: IBM developed a new AI-enabled chip as it looks to keep up with Nvidia, AMD, and Intel.

• AI Secretary: Gemini can now take notes on your behalf during Meet calls, providing a summary of what each person said.

• Idea Incubator: Anthropic is opening up access to Claude’s new Artifacts feature, which lets you experiment with different prompts and save them for later use.

• Ways of Seeing: Meta is reportedly developing a “mixed-reality” device that would be bulkier than smart glasses but sleeker than a traditional headset.

🎮 One Fun Thing: Researchers have built an AI model that can generate a video game in real-time. Based on the 1993 FPS “Doom,” the model uses its training data to create new frames as a player navigates through each level. It may be the first video game created entirely with a neural network — and without a traditional game engine.

🍲 Food for Thought: The next time you spot a box of Kraft mac-and-cheese at the supermarket, keep in mind that AI might have helped get it to you on time. Kraft Heinz says it has introduced an AI-powered software that can quickly spot customer trends and suggest last-minute supply chain adjustments. It’s able to juggle data from 200 brands, including Jell-O, Lunchables, and Kool-Aid.

PRODUCTIVITY

5 AI Tools to Supercharge Your Productivity

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AI-GENERATED IMAGES

Happy Eyes

Midjourney Prompt: A photo of a happy man/woman with sunglasses sitting in a bus seat and smiling, looking in his/her window
--ar 3:2 --style raw --v 6.1

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Zain & the Superhuman AI team