TSMC Revenue Soars 16.5% Amid AI Demand; Google, OpenAI, and Reddit Unveil Major AI Updates
May 19, 2024Taiwan Semiconductor Manufacturing (TSMC) reported a 16.5% revenue increase in Q1, reaching $18.9 billion, driven by the demand for AI technology.
Google unveiled its Gemini AI model at the I/O event, showcasing its multi-modal capabilities.
OpenAI's ChatGPT now allows data import from Google Drive and OneDrive through a partnership with Reddit for real-time and structured data integration.
Reddit's stock (RDDT.US) surged over 12% after announcing a partnership with OpenAI and Microsoft to integrate AI models into its content.
Google introduced 'AI Overviews' in US search results, generating summaries in response to queries, sparking concerns over accuracy and reliability.
The stock market faced pressure from rising bond yields and the dollar, with GameStop's shares (GME.US) dropping 30% and Cracker Barrel Old Country Store (CBRL.US) falling 12.60% due to disappointing results and dividend cuts for restaurant renovations.
Investors are advised caution in the volatile market conditions.
Google has introduced its new AI model Gemini 1.5 Flash, a lighter and more efficient version of its predecessor Gemini 1.5 Pro.
OpenAI has announced an update to enhance the data analysis capabilities of ChatGPT, allowing users to directly upload files from Google Drive and Microsoft OneDrive.
OpenAI has introduced its latest generative AI model, GPT-4o, in the free version of ChatGPT alongside the current model GPT-3.5, offering native support for text, audio, and image inputs with a fast response time of 232 milliseconds.
Summary based on 140 sources
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Sources
Forbes • May 17, 2024
Android Circuit: Google I/O News, Pixel 8a Review, Samsung’s New Galaxy FeaturesBBC News • May 17, 2024
Reddit-OpenAI deal: ChatGPT gets access to social media platformCNET • May 18, 2024
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