Nvidia Faces DOJ Investigation, Biden Semiconductor Rules, Microsoft’s Copilot Success, Llama 3.1 Meta: This Week in AI – Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META)

The week brought a flood of news from the world of technology. From antitrust investigations to new regulations to impressive profits, the industry was buzzing with events. Here’s a quick recap of the most important news.

Nvidia under scrutiny by Justice Department

Nvidia Corp. NVDA shares fell nearly 2% Friday on reports of a Department of Justice (DOJ) antitrust investigation. The investigation, prompted by complaints from competitors, is examining allegations of monopolistic practices in the AI ​​chip market. The DOJ is particularly interested in whether Nvidia pressured cloud computing providers to buy lots of Nvidia products. Read the full story here.

Biden administration: a boon for the chip sector

The Biden administration is set to introduce new rules that could significantly impact the semiconductor industry. The rules would expand the U.S.’s authority to halt exports of semiconductor manufacturing equipment from certain countries to China. The move is expected to be a huge boon for the chip sector and its supply chain, according to a prominent technology analyst. Read the full article here.

See also: Epic Games’ Tim Sweeney criticizes Apple’s ‘Find My’ anti-theft feature, calling it ‘super creepy surveillance’

Microsoft’s Copilot: A Revenue Driver for GitHub

Microsoft Corp. MSFT AI-powered developer tool Copilot has been a major contributor to GitHub’s revenue growth. Microsoft CEO Satya Nadella revealed that Copilot has been adopted by over 77,000 organizations, up 180% year over year. This has led to GitHub’s annual revenue run rate reaching $2 billion, and Copilot is responsible for over 40% of GitHub’s revenue growth this year. Read the full article here.

Meta’s Llama 3.1: An Industry Turning Point

Meta Platforms, Inc. FINISH CEO Mark Zuckerberg announced that the $405 billion company’s model, Llama 3.1, has improved cost-efficiency compared to leading closed models, likely referring to OpenAI’s ChatGPT. Zuckerberg believes Llama 3.1 represents an inflection point in the industry, where open-source AI is starting to become the industry standard. Read the full article here.

Microsoft’s Q4 results: better than revenues

Microsoft reported fourth-quarter revenue of $64.7 billion, up 15% year over year. Total revenue beat the Street consensus estimate of $64.36 billion. The company’s cloud revenue also grew significantly, rising 21% year over year. Read the full article here.

This story was generated by Benzinga Neuro and edited by Roonak Jain

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