What’s in this week’s issue?

• 🧠 Nvidia is now worth more than Amazon thanks to the AI chip boom

• 💻️ Nvidia pursues $30 billion custom chip opportunity with new unit

• ⛅️ Easy Cloud AI News

• 📰 AI News

• 🧰 AI Tools

Bible Verses of the Day

24 Do you not know that in a race all the runners run, but only one receives the prize? So run that you may obtain it. 25 Every athlete exercises self-control in all things. They do it to receive a perishable wreath, but we an imperishable. 26 So I do not run aimlessly; I do not box as one beating the air. 27 But I discipline my body and keep it under control, lest after preaching to others I myself should be disqualified. [1 Cor 9:24-27, ESV]

Nvidia is now worth more than Amazon thanks to the AI chip boom

It seems like an eternity ago, but as recently as 2020 Nvidia was widely regarded as a small-time tech company best known for building graphics cards for PC video games. But times are changing.

Nvidia’s stock price has gone from a low of almost $50 in 2020 to an all-time high of almost $750 — a roughly 15x increase in less than 5 years that briefly made it the fourth most valuable company in the US yesterday, ahead of Amazon and other major companies.

And it’s no secret that the monstrous surge in the company’s stock price is down to its AI chip business.

Nvidia pursues $30 billion custom chip opportunity with new unit

Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, nine sources familiar with its plans told Reuters.

The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips and shield itself from the growing number of companies pursuing alternatives to its products.

Easy Cloud News

Beluga AI Sample - Ruth Chapter 2: A Study in Sovereign Providence and Answered Prayer

Listen or read the following transcript as Sinclair Ferguson speaks from the second chapter of Ruth.

The following unedited transcript is provided by Beluga AI.

• 🏝️ Easy Cloud Solutions: Why the AI Boom is a Windfall for Tiny Anguilla (link)

• ✝️ Easy Cloud AI: Beluga AI: Professional Transcription Service for Christian Ministries (link)

• ⛪️ Easy Cloud AI: Professional Transcription Service for Christian Ministries: Elevating Your Message with Beluga (link)

• ❤️ Easy Cloud AI: Christian Transcription and Translation Service: Uniting Believers Across Languages (link)

AI News

• 💻️ Nvidia CEO Huang says countries must build sovereign AI infrastructure (link)

• 🧠 Vercel announces integration with Perplexity (link)

• 💹 Bezos Sells $2 Billion of Amazon Shares in First Major Stock Sale Since 2021 (link)

• 🔍️ Google One hits 100 million subscribers (link)

• 🍎 Apple Vision Pro Could Take Four Generations to Reach 'Ideal Form' (link)

•  🍏 Apple's new VR goggles may rewire our brains in some unexpected ways (link)

AI Tools

• 👩‍💻 MindStudio: The fastest way to build AI-powered apps (link)

• 🎵 AudioStack: Create Professional Audio With AI Faster (link)

• 🖼️ Colorcinch: Instantly create, edit and turn your photos into artwork (link)

• 🔦 Spinach: Your AI Project Manager (link)

• 🖼️ RenderNet: Generate images, just the way you want (link)