What Is Nvidia's New $1 Trillion Superproject?

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

AI startup Perplexity wants to upend search business. News outlet Forbes says it's ripping them off

MATT O'BRIEN and SARAH PARVINI
June 14, 2024

The artificial intelligence startup Perplexity AI has raised tens of millions of dollars from the likes of Jeff Bezos and other prominent tech investors for its mission to rival Google in the business of searching for information.

But its AI-driven search chatbot is already facing challenges as some news media companies object to its business practices and tech giants Google, and now Apple, are increasingly fusing similar AI features into their core products.

Perplexity CEO Aravind Srinivas has spent much of the past week defending the company after it published a summarized news story with information and similar wording to a Forbes investigative story but without citing the media outlet or asking for its permission. Forbes said it later found similar "knock-off" stories lifted from other publications.

The Associated Press separately found another Perplexity product feature inventing fake quotes from real people, including a former elected town official from Martha's Vineyard falsely quoted to say he didn't want the Massachusetts island to become a destination for marijuana.

"I never said that," said Bill Rossi, a former member of the island town of Chilmark's select board.

Srinivas told The Associated Press that his company is trying to build positive relationships with news publishers that ensure their news content "reaches more people."

"We can definitely coexist and help each other," he said.

Asked about Forbes, he said his product "never ripped off content from anybody. Our engine is not training on anyone else's content," in part because the company is simply aggregating what other companies' AI systems generate.

"We are actually more of an aggregator of information and providing it to the people with the right attribution," Srinivas said. But, he added, "It was accurately pointed out by Forbes that they preferred a more prominent highlighting of the source. We took that feedback immediately and updated changes that day itself. And now the sources are more prominently highlighted."

Perplexity also revealed this week that it has been seeking revenue-sharing partnerships that would pay news publishers a portion of Perplexity's advertising revenue each time an outlet's news content is referenced as a source.

Randall Lane, chief content officer of Forbes Media, called the dispute an "inflection point" in the conversation about AI.

"It's a case study in where we're heading," Lane told the AP. "If the people who are leading the charge don't have a fundamental respect for the hard work of doing proprietary reporting, and keeping people informed with value-added content, we've got a big problem."

A self-described "AI bull" who believes that the technology could help make many news organizations more efficient, Lane said the dispute between Perplexity and Forbes is important because it is a "metaphor for what can happen if the people controlling the AI don't respect the people doing the work."

Perplexity bills itself as a search engine while "acting like a media company and publishing a story" that only Forbes had reported, Lane said.

"The whole thing was very disingenuous. And what we didn't hear was, 'Oops, yeah we messed that one up and we need to do better,'" he said. "Instead, it was just putting out more content, little tweaks to the model and treating journalism like it's just a commodity to be manufactured."

Srinivas, a computer scientist and former AI researcher at OpenAI and Google, co-founded Perplexity in the summer of 2022, not long before the AI image-generator Stable Diffusion and OpenAI's ChatGPT began sparking the public's fascination with the possibilities of generative AI.

Inspired, in part, by his childhood love of Wikipedia, he described Perplexity to the AP as "like a marriage of Wikipedia and ChatGPT" that can instantly answer a person's questions without the "huge cluttered mess" of Google's conventional search results.

"You ask a question, you get an answer with clean sources, and there's like three or four suggested (follow-up) questions and that's it," he said of Perplexity. "That way people's minds can be free from distractions, and they can just focus on learning and digging deeper."

The company sells a subscription for premium features and is planning to start an advertising-based service as it grows its user base.

"We are not profitable as a company today, but we are also more sustainably run than foundation model companies because we do not train our own foundation models," which requires huge amounts of computing power, he said.

Perplexity relies on existing AI large language models such as those built by OpenAI, Anthropic and Meta Platforms, the parent company of Facebook; and then "post-trains" them.

"We shape them to be really good summarizers," he said.

It's not always clear where the summarized information is coming from. One Perplexity feature called Writing -- which enables a user to "generate text or chat without searching the web" -- produces lengthy and unsourced commentary, often in the style of a news article. Tests of the feature by an AP reporter asking it to write about the lack of marijuana on Martha's Vineyard led it to produce a 465-word document that resembled a news article and included fabricated quotations from the former town official and another real person.

The AP is not repeating the false quotes in order to avoid perpetuating misinformation. Srinivas said that the Writing feature of Perplexity is a "minor use case" that was intended for helping to compose essays or correcting grammar when primary source information isn't needed. He said it's "more prone to hallucinations" -- a common problem with AI large language models -- because it isn't tethered to the web search capabilities of Perplexity's core product.

"There is no doubt that generative AI is upending journalism, content creation, and search," said Sarah Kreps, director of Cornell University's Tech Policy Institute.

She pointed to Google's new, Perplexity-like approach that summarizes answers based on information pulled from crawling the web, as an example. That, too, led to false information and forced Google to make adjustments to the product after its public release.

"But their whole model of advertising is based on sending people to websites," she said in an email. "Why will people go to websites if they can have the one-stop-shop of the answer in the AI output?"

Srinivas claimed to the AP that "a lot of people get referrals from Perplexity, and I'm happy that they're getting referrals from a new player in the internet."

For now, much of that benefit may be aspirational. Perplexity's worldwide user base has grown rapidly this year to more than 85 million web visits in May, but that barely registers compared to the billions of users of ChatGPT and other popular platforms from Microsoft and Google, according to data from Similarweb.

The debate demonstrates the "uncertain and challenging times" for online content creators in general and journalism in particular because aggregators only work if publications such as Forbes exist, said Stephen Lind, an associate professor at the University of Southern California's Marshall School of Business.

Using AI as a synthesizing tool works for widespread dissemination of information until "you run out of originals," he said.

"There are whole companies or whole applications that are also doing this, where they are rolling out new services without fully thinking through the implications or best practices or safeguards because they're rolling out applications for industries that maybe they're not native to," he said.

Lind said it's good that companies like Perplexity are "taking at least some steps to course correct when an industry or a user pushes back." But some of the changes should have been baked in from the beginning, he added.

Continue Reading...

Popular

Trump Reportedly Makes Decision On VP Pick, Says Running Mate Will Be At Debate

Former President Donald Trump has made a decision on his vice presidential nominee for the forthcoming election.

These Are The Top Democratic Contenders Who Could Succeed Biden If President Were To Bow Out Of

In the wake of a debate performance that drew widespread criticism, speculation has been reignited about whether President Joe Biden should bow out before the November election.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Tesla Model 3 Long Range Now Qualifies For Full $7,500 Tax Credit

Tesla Inc (NASDAQ: TSLA) announced the new Model 3 Long Range (LR) now qualifies for the full $7,500 federal tax credit in the

Gen Z, Millennial High-Net-Worth Investors Abandon Traditional Investments

Gen Z and Millennials are turning to alternative investments, with 72% seeing traditional stocks and bonds as insufficient for high returns.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Stock markets buckle from Paris to Mumbai under stress of election results: Will the US be next?

NEW YORK (AP) — Elections have consequences for financial markets. But what that means for investors is often hard to predict.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

Elon Musk Responds To Vivek Ramaswamy As To Who's Running The Country After Trump-Biden Debate: 'Maybe Nobody'

Tesla Inc. CEO Elon Musk gave a cryptic response to a comment from former GOP candidate Vivek Ramaswamy about who's actually running the country.

The Election Shock Nobody Expected... (But You'll See it Coming) - Ad

It comes down to just 9 words... Nine simple words which when spoken, will determine the outcome of the 2024 election... These words have nothing to do with Trump, the economy, or what's happening in Ukraine, China or Israel. This is the scandal that isn't being reported (yet.) But my political operatives tracked down this story.

The Washington Post's leaders are taking heat for journalism in Britain that wouldn't fly in the US

NEW YORK (AP) — of The Washington Post are being haunted by their pasts, with ethical questions raised about their actions as journalists in London that illustrate very different press traditions in the United States and England.

Crypto Allegedly Associated With Donald Trump Shoots Up To $150M In Market Cap — A New Strategy For The Presidential Race?

Former President Donald Trump is rumored to be directly stepping into the cryptocurrency world with a new token, “Trump Coin“, as he ramps up his campaign for the upcoming November presidential election.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

What's Going On With Taiwan Semi Stock On Wednesday?

Taiwan Semiconductor Industry to maintain global lead for 8-10 years, urged to ensure research security and develop grand strategy for changing supply chains.

Micron Shares Slipping 8% After Hours 'Bad News' But 'Good News' Is The AI Trade Is Intact, Says Gene Munster

Micron Technology Inc. experienced a significant drop of nearly 8% in after-hours trading, following its latest earnings report. However, Gene Munster, the managing partner at Deepwater Asset Management, remains optimistic about the company's AI prospects.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

Ralph Lauren goes with basic blue jeans for Team USA's opening Olympic ceremony uniforms

NEW YORK (AP) — When walks with the world’s athletes at the they’ll be doing so in snappy tailored navy blazers from Ralph Lauren — and blue jeans.

Joe Biden Shares His Performance Enhancer Drink Ahead Of 2024 US Presidential Debate: 'I Don't Know What They've Got In These'

Ahead of the debate, Biden took to X, sharing a humorous post about his "performance enhancer" drink, DARK BRANDON'S SECRET SAUCE, and joked, "I don't know what they've got in these performance enhancers, but I'm feeling pretty jacked up. Try it yourselves, folks.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Snowline Gold's Valley Deposit Emerges As High-Grade Gold Resource In Yukon

Snowline Gold Corp announces highly anticipated initial assessment for Valley deposit in Yukon Territory, Canada, with significant potential for growth and future development.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Bitcoin Fails To Get A Mention In The Fiery Trump-Biden Presidential Debate, Coins Themed Around The Two Tumble

The first 2024 presidential debate between incumbent Joe Biden and challenger Donald Trump turned out to be a dampener for cryptocurrency enthusiasts, with no mention of Bitcoin (CRYPTO: BTC) or significant policy issues surrounding what many anticipated to be a key election to

Blundering Biden OUT As Dem Nominee? - Ad

Biden's days are numbered! According to a former CIA and Pentagon insider... Biden's about to drop out of the presidential race by August 19! He also reveals Biden's replacement candidate... A guy the Democrats think could actually beat Trump in November.

US Allies Urge Biden To Step Down After Disastrous Debate Performance: 'Important To Manage One's Ride Into The Sunset'

The European allies of the United States are calling for President Joe Biden to step down following his widely criticized performance in the recent presidential debate.

US Supreme Court refuses to take up challenge to Florida's online sports betting compact

FORT LAUDERDALE, Fla. (AP) — The U.S. Supreme Court on Monday refused to take up a challenge to exclusive rights to handle online sports betting in Florida, dealing a blow to the deal's opponents.

The World's First Trillion Dollar Drug - Ad

By 2030, Wall Street experts predict it could generate more revenue than the top 10 best-selling drugs... combined. Early investors stand to reap tremendous rewards as its growth surges 75,000% by 2030. Former hedge fund manager Ian King predicts this could become the world's first trillion-dollar drug. And he's recommending 3 little-known stocks to play this fast-moving trend.

South Korea will consider supplying arms to Ukraine after Russia and North Korea sign strategic pact

SEOUL, South Korea (AP) — South Korea said Thursday that it would consider sending arms to Ukraine, a major policy change that was suggested after Russia and North Korea rattled the region and beyond by to come to each other’s defense in the event of war.

Boeing's CEO is scheduled to field questions about plane safety from U.S. senators

U.S. lawmakers are expected to press Tuesday about the company's latest plan to fix its manufacturing problems, and relatives of people who died in two crashes of Boeing 737 Max jetliners plan to be in the room, watching him.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Malaysia Airlines flight to Bangkok makes a U-turn due to a pressurization issue

KUALA LUMPUR, Malaysia (AP) — Malaysia Airlines said one of its flight en route to Bangkok had to make a U-turn back to Kuala Lumpur International Airport on Monday after experiencing a “pressurization issue.”

Hawaii: Cannabis Decriminalization Bill Fails Amid Unified Legislative Opposition

The cannabis decriminalization bill, SB2487, faced rejection from both supporters and detractors in Hawaii's state legislature

Dem Election Plot To Create "Chaos Rally" Phenomenon? - Ad

A former CIA insider now predicts Biden dropping out August 19th... Will create the rare Chaos Rally profit opportunity... that could "turn the tables" on the Dem election plot to potentially collect huge financial gains. This kind of wealth-building event has only happened 3 times in American history.

Absentee voters in France scramble to make their voices heard in high-stakes legislative election

PARIS (AP) — Voters who don't expect to be able to cast ballots themselves are scrambling to make their voices heard in France's by signing up in their hundreds of thousands to hand their voting rights to loved ones and friends.

Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership

TOKYO (AP) — Toyota shareholders voted Tuesday , grandson of the Japanese automaker’s founder, as chairman on the board.

Get This Bitcoin ETF Before July 29 (18%+ Dividend Yield Up for Grabs) - Ad

A massive Bitcoin dividend was just announced... And if you act today, you'll receive $2.05 per SHARE. That's 161% BIGGER than the highest-yielding dividend aristocrats... But you have to get in before the July 29 cutoff date.

Russia Confirms Contact With US Over Possible Swap For Detained WSJ Reporter Evan Gershkovich

Russia has confirmed that discussions are underway with the United States regarding a potential prisoner exchange involving WSJ reporter Evan Gershkovich.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service