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Happy Wednesday, AI & Data Enthusiasts! Big shifts are happening in AI and tech—Meta is hosting its first AI developer conference, Nvidia’s stock is making a comeback, and OpenAI is looking for ways to stay in control. Plus, former OpenAI CTO Mira Murati is launching a new AI venture. Let’s dive in! ⬇️

In today’s edition:

🧠 Ex-OpenAI CTO Mira Murati Launches AI Research Lab

🚀 Meta Unveils LlamaCon, Its First AI Dev Conference

📊 Nvidia Stock Rebounds—What’s Behind the Surge?

🔒 OpenAI Tightens Control to Prevent Takeovers

- Naseema Perveen

WHAT CAUGHT OUR ATTENTION MOST

🧠 Former OpenAI CTO Mira Murati Launches Thinking Machines Lab

Mira Murati, former CTO of OpenAI, has unveiled Thinking Machines Lab, a startup focused on making AI more customizable and accessible. While the company aims to address AI’s limitations, its broad promises raise questions about how it will differentiate itself in an already crowded field.

  • A Familiar Team with Lofty Goals: Murati is joined by OpenAI co-founder John Schulman as chief scientist and former OpenAI research lead Barret Zoph as CTO. The company claims it will develop more adaptable and capable AI systems that work collaboratively with humans. However, details on how Thinking Machines Lab will achieve this remain vague.

  • AI Customization & Safety—But How? The startup says it will make AI more customizable for individuals and businesses while improving AI safety by sharing best practices and preventing misuse. These are significant challenges, and it remains to be seen how much real-world impact their approach will have.

  • Funding & Industry Competition: Rumors suggest Murati sought over $100 million in funding, but no investors have been confirmed. Thinking Machines Lab enters an industry filled with ex-OpenAI executives launching their ventures, including Ilya Sutskever’s Safe Superintelligence and the already well-established Anthropic.

With a seasoned team and ambitious goals, Thinking Machines Lab enters a highly competitive AI landscape, where innovation and differentiation are key to success. While Murati and her team bring deep expertise from OpenAI, their vision of making AI more customizable, collaborative, and safe still lacks concrete details. The startup’s ability to secure funding, develop groundbreaking technology, and stand out among other AI ventures will determine its long-term impact. As the AI race intensifies, all eyes will be on Thinking Machines Lab to see if it can truly push the boundaries of what's possible.

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WORTH WATCHING

Transformative Future of Artificial Intelligence

At the Aspen Ideas Festival, Microsoft AI CEO delves into the transformative future of artificial intelligence. From ethical innovation to groundbreaking advancements, this insightful talk explores how AI is shaping industries and society. Gain a front-row perspective on the challenges and opportunities that lie ahead in the AI revolution.

KEEP YOUR EYE ON IT

🚀 Meta Announces LlamaCon, Its First AI Dev Conference

Meta is expanding its focus on generative AI with LlamaCon, its first developer conference dedicated to AI innovation. Scheduled for April 29, the event will showcase Meta’s open-source AI advancements and provide insights for developers building AI-powered applications.

  • What to Expect at LlamaCon: Meta plans to share updates on its Llama AI models and how developers can integrate them into their products. More details will be released in the coming weeks.

  • Meta’s Open-Source AI Strategy: Llama has gained traction among major companies like Goldman Sachs, AT&T, and Accenture. Meta claims hundreds of millions of downloads and partnerships with Nvidia, Dell, and others to enhance AI deployment.

  • Rising Competition from DeepSeek: Chinese AI company DeepSeek has emerged as a strong competitor, reportedly developing models that could outperform the next version of Llama. Meta is analyzing DeepSeek’s cost-efficient approach to improve its own AI systems.

  • Meta’s AI Investments and Challenges: Meta plans to spend up to $80 billion on AI initiatives this year, including infrastructure and hiring. However, it faces regulatory hurdles in the EU and a lawsuit over alleged copyright violations in its model training.

With LlamaCon, Meta is reinforcing its commitment to open AI development. The event will be a key opportunity to see how it plans to compete in the rapidly evolving AI landscape.

📈 Nvidia’s Stock Bounces Back—What’s Driving the Recovery?

After a rough drop, Nvidia’s stock is climbing again. Over the past three days, NVDA shares have jumped 10%, recovering from recent losses caused by fears of an AI stock bubble.

Why Did Nvidia’s Stock Drop?

  • Nvidia’s stock plunged 17% last week over concerns that AI stocks were overhyped, especially after DeepSeek’s market shake-up.

  • Investors worried about export restrictions and funding slowdowns in the AI sector.

Wall Street Still Bullish on Nvidia

  • Morgan Stanley remains optimistic, setting a $152 price target—an 18% potential upside.

  • Analysts believe short-term risks won’t derail Nvidia’s long-term growth.

Big Cloud Companies Are Still Buying AI Hardware

  • Despite market concerns, tech giants continue investing heavily in AI infrastructure.

  • Cloud providers are expected to increase AI spending by 24% next year, showing strong industry demand.

Nvidia’s GPUs Remain Essential for AI

  • AI applications rely on powerful GPUs for training and inference.

  • Nvidia’s high-performance chips remain a critical part of AI advancements, securing its market dominance.

What’s Next for Nvidia?

  • Short-term challenges remain, but Nvidia’s business fundamentals are strong.

  • If demand stays high, the stock could continue its upward trend.

Nvidia’s rebound signals resilience, but whether it sustains momentum will depend on market confidence and continued AI growth.

🛡️ OpenAI Wants More Control to Block Takeovers

OpenAI is looking for a way to protect itself from being taken over by big investors. According to the Financial Times, the company may give its nonprofit board special voting rights to make sure they stay in charge, even if major investors disagree.

Why Is OpenAI Doing This?

  • OpenAI started as a nonprofit, then switched to a for-profit model in 2019.

  • Now, it’s changing again to become a public benefit corporation by 2026.

  • These new voting rights would help the board stay in control no matter what.

Elon Musk’s $97.4 Billion Offer Was Rejected

  • Last week, Elon Musk and other investors offered $97.4 billion to buy OpenAI’s nonprofit.

  • OpenAI’s board said no but is now working on ways to prevent future offers like this.

What’s Next?

  • OpenAI plans to separate its nonprofit arm with its staff and leaders.

  • This would let the for-profit side focus on business while the nonprofit board still has power.

By making these changes, OpenAI hopes to stay independent and avoid being controlled by outside investors.

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$$$ MONEY MATTERS

  • Safe Superintelligence is reportedly raising roughly $1B. 

  • Elon Musk’s xAI is said to raise $10B.

  • Apptronik raises $350M as category heats up.

  • Amazon doubles down on AI with a massive $100B.

  • Reid Hoffman’s Manas AI raises $24.6M.

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