Latest news with #BrianSozzi
Yahoo
a day ago
- Business
- Yahoo
Nvidia rival Groq makes a bold prediction on what's next for AI
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever you find your favorite podcasts. The next big breakthrough in AI could be one that channels the spirit of famed scientist Albert Einstein. "The problem is that large language models [LLMs] make mistakes. And they're always going to make mistakes, but they're going to make fewer and fewer. At some point, they'll make so few mistakes you can use it in medicine, you can use it in law," Groq founder and CEO Jonathan Ross said on Yahoo Finance's Opening Bid podcast (watch above; listen-only below). This embedded content is not available in your region. Ross said the ability of AI models to invent is among the next wave coming, and it's likely to happen within his lifetime. Currently, LLMs tend to pick the most probable answer to questions, which precludes them from discovering something new. "And if it's the most obvious, it's not going to be good writing. It's not going to be good science. It's not going to invent something for you. It's not going to invent a drug that isn't known. That's what we're working on next. Invention is next," Ross explained. While at Google (GOOG, GOOGL), Ross designed the custom chips that the tech giant would go on to use for training its AI models. Today, Ross has a ground-floor view into how LLMs are likely to continue to evolve in the years ahead. Groq makes what it calls language processing units (LPUs). These LPUs are designed to make large language models run faster and more efficiently than Nvidia's (NVDA) GPUs, which target training LLMs. By making them run faster and more efficiently, Groq's chips can help LLMs on their road to becoming inventive rather than just using reasoning, as ChatGPT and other chatbots do today. Groq's last capital raise came in August 2024, when it raised $640 million from companies including BlackRock (BLK) and Cisco (CSCO). The company's valuation at the time stood at $2.8 billion, a fraction of Nvidia's more than $3 trillion market cap. It currently clocks in at $3.5 billion, according to Yahoo Finance's private markets data. Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email
Yahoo
a day ago
- Business
- Yahoo
Nvidia rival Groq makes a bold prediction on what's next for AI
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever you find your favorite podcasts. The next big breakthrough in AI could be one that channels the spirit of famed scientist Albert Einstein. "The problem is that large language models [LLMs] make mistakes. And they're always going to make mistakes, but they're going to make fewer and fewer. At some point, they'll make so few mistakes you can use it in medicine, you can use it in law," Groq founder and CEO Jonathan Ross said on Yahoo Finance's Opening Bid podcast (watch above; listen-only below). This embedded content is not available in your region. Ross said the ability of AI models to invent is among the next wave coming, and it's likely to happen within his lifetime. Currently, LLMs tend to pick the most probable answer to questions, which precludes them from discovering something new. "And if it's the most obvious, it's not going to be good writing. It's not going to be good science. It's not going to invent something for you. It's not going to invent a drug that isn't known. That's what we're working on next. Invention is next," Ross explained. While at Google (GOOG, GOOGL), Ross designed the custom chips that the tech giant would go on to use for training its AI models. Today, Ross has a ground-floor view into how LLMs are likely to continue to evolve in the years ahead. Groq makes what it calls language processing units (LPUs). These LPUs are designed to make large language models run faster and more efficiently than Nvidia's (NVDA) GPUs, which target training LLMs. By making them run faster and more efficiently, Groq's chips can help LLMs on their road to becoming inventive rather than just using reasoning, as ChatGPT and other chatbots do today. Groq's last capital raise came in August 2024, when it raised $640 million from companies including BlackRock (BLK) and Cisco (CSCO). The company's valuation at the time stood at $2.8 billion, a fraction of Nvidia's more than $3 trillion market cap. It currently clocks in at $3.5 billion, according to Yahoo Finance's private markets data. Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Have Trump tariffs guaranteed a stock walloping recession?
You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Nothing lasts forever. And that old adage apparently applies to the once untouchable US credit rating. The US has lost its last triple-A credit rating, thanks to Moody's. Moody's downgraded the US credit rating, blaming large fiscal deficits and rising interest costs. To longtime watchers of the country's fiscal position, the move by Moody's comes as no surprise. Deficits have ballooned amid decades of government overspending. The issue stands to worsen in coming years as baby boomers retire and put pressure on entitlement programs such as Social Security and Medicare. While somewhat symbolic at this point, the action of Moody's could have negative consequences for the US Treasury market as it calls into question the ability of the country to repay its debts at some point in the future. Yahoo Finance Executive Editor Brian Sozzi welcomes to the Opening Bid mic Brookings Institute vice president and director of economic studies Ben Harris. Harris is one of those aforementioned longtime watchers of the US government debt position. He was also a central player in the presidency of Joe Biden in terms of crafting detailed economic plans for the country. What does Harris think about the Trump administration's handling of the economy? Sozzi and Harris discuss! For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Gap Inc. CEO says turnaround is on track despite tariff woes
Gap Inc. (GAP) stock is sinking despite reporting better-than-expected first quarter earnings results as tariff concerns weigh on the retailer's outlook. Gap Inc. CEO Richard Dickson sits down with Yahoo Finance Executive Editor Brian Sozzi to break down the quarter and explain how the company is navigating trade headwinds. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Yahoo
4 days ago
- Business
- Yahoo
How this Nvidia rival is trying to take chunks of its market share
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever you find your favorite podcasts. The race to better compete with Nvidia (NVDA) is well underway. Enter well-funded private company Groq ( led by chip veteran Jonathan Ross. While at Google (GOOG), Ross designed the custom chips that the tech giant would go on to use for training its AI models. Ross tells me his startup, founded in 2016, is finding numerous opportunities to wrestle business away from the iron grips of AI chip titan Nvidia by moving quicker. "[Nvidia CEO Jensen Huang] said, if you want to spend $100 billion and have hardware in two years in your data center, there's only one company in the world that you can trust to do that, and that's Nvidia," Ross said on a new episode of Yahoo Finance's Opening Bid podcast (see video above; listen below). "I agree with that statement. But where people come to us is they don't want to wait two years." "They want to be able to spend $100 million and have a bunch of chips set up in three months. ... And if you want do that, there's only one company in the world you can go to, and that's Groq." This embedded content is not available in your region. The company makes what it calls language processing units (LPUs). These LPUs are designed to make large language models run faster and more efficiently than Nvidia GPUs, which target training models. Groq's last capital raise came in August 2024, when it raised $640 million from companies including BlackRock (BLK) and Cisco (CSCO). The company's valuation at the time stood at $2.8 billion, a fraction of Nvidia's more than $3 trillion market cap. It currently clocks in at $3.5 billion, according to Yahoo Finance private markets data. Ross was part of the high-profile tech leader delegation that included Huang, AMD CEO Lisa Su, and Tesla CEO Elon Musk and joined President Trump on a trip to Saudi Arabia. Ross was able to secure $1.5 billion from Saudi Arabia to expand AI chip delivery to the country. "They want to become net exporters of intelligence the way that they are net exporters of energy at the moment," Ross said of the deal with Saudi Arabia. Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
