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Today’s Edition
Hey there! Welcome to today's edition, packed with all the hottest news from the world of AI.
📖 Remember a few weeks back when we were talking about how important chips have become in tech, kind of like the new "oil" of the industry? Well, guess what's happened now: there's this booming black market for these chips over in China.
🖥️ In other news, we've got a couple of cool tools that caught my eye. One's called Current that's designed to give your team a major speed boost. And then there's Definite, a pretty impressive AI data analyst.
👩🏼💻 Switching gears a bit, I've been thinking a lot about storytelling lately. It's such a vital skill, you know? When someone's good at it, it's almost like magic. They can make any experience, work-related or personal, ten times more enriching. And I can't help but admire those who've mastered it.
🎤 Most valuable media features a quality podcast between Lex Fridman and Marc Andreessen, and they go deep into the future of the Internet, technology, and – you guessed it – AI. (Small warning, it's three hours long.)
So grab a cup of coffee, sit back, and let's dive into the fascinating world of AI together. Enjoy!
Jenko
Black Market Boom
China's Hunger for Nvidia's AI Chips
A few weeks ago, we delved into the growing significance of chips in the tech industry, likening them to the new 'oil' powering technological advancements. Now, we're witnessing an unexpected consequence: a thriving underground market for these chips in China. Despite U.S. sanctions, China's hunger for high-end AI chips shows no signs of abating. These chips, integral to powering AI technologies, are driving progress in diverse areas, from surveillance systems to language models. At the eye of this storm is Nvidia, the global tech behemoth, known for its high-performance computing products.
In 2023 alone, China's tech giant, ByteDance, known for TikTok, ordered around $1 billion worth of Nvidia GPUs. This is equivalent to 100,000 units, a significant portion of which are the high-performing Nvidia's A100 and H800 cards.
However, US sanctions imposed on China prohibit the export of Nvidia's two most advanced chips, the A100 and the newly developed H100. This restriction was a part of an attempt to limit China's AI and supercomputing development amid rising political and trade tensions.
But as they say, where there's a will, there's a way. The sanctions have inadvertently given rise to an underground market in China for these high-end chips, with Nvidia's A100s going for double the usual price. The sanctions seem to have only fueled the demand, with AI developers, researchers, and even local authorities keen to get their hands on these powerful processors.
The underground market primarily procures these chips in two ways: from excess stock after Nvidia ships large quantities to big US firms, or through importing via companies in places like India, Taiwan, and Singapore. However, the quantities they secure are small, not nearly enough to build a sophisticated AI model from scratch.
This surge in demand and the consequent emergence of a black market has significant political and economic ramifications. It highlights the increasing importance of AI chips, their role in global tech dominance, and the lengths nations will go to in securing these crucial resources. If by any chance you manage to secure a bunch of H100 chips, feel free to give me a shout. I'd be more than willing to take them off your hands for the retail price plus an extra 5% hahaha.
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Definite - Meet Definite, an AI-powered data analyst that never sleeps.
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Content Shake - Use ContentShake to get content ideas, write articles faster with AI, optimise copy using competitive market data, and publish directly to your blog.
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A day in the life of AI
Every day, we will showcase a workflow or task designed to help you save time in your job or personal life. Becoming skilled at promoting can be a superpower, so the goal of this section is to help you improve in this area for both personal and professional growth.
Personal or Professional: Professional or Personal
Workflow/Task: Storytelling
Task time before AI: A few hours - a couple of days
Task Time with AI: <2 minutes
Truly, mastering the art of storytelling is an invaluable skill. I stand in admiration of individuals who excel in this area, as it undoubtedly enhances both professional and personal experiences. Try this ChatGPT prompt to get some help and advice:
I want you to act as a storyteller. You will come up with entertaining stories that are engaging, imaginative and captivating for the audience. It can be fairy tales, educational stories or any other type of stories which has the potential to capture people's attention and imagination. Depending on the target audience, you may choose specific themes or topics for your storytelling session e.g., if it’s children then you can talk about animals; If it’s adults then history-based tales might engage them better etc.
My first request is [I need an interesting story on perseverance.]
Please let us know if there are any workflows, tasks, or roles that you would like us to feature.
Most Valuable Media (MVM)
Most Valuable Image (MVI)
These images were created with Midjourney via the following prompt: minimalist::1.5 Cinematic - detail - shot, neoclassical living room decor, cinematic - contour - lighting, highly detailed, winter, golden hour, Canon EOS R:1.2 --style raw --ar 21:9
Courtesy of Everett World
Most Valuable Tweet (MVT)
"Generative AI definitely feels like a major shift. Every company in the world needs to ask themselves, “How can I use this? What is my strategy?” Otherwise, you’ll be left behind. We’re spending a lot of time refining our position and our approach to AI.ä
Ori Keren - @orikrn
— Alvaro Moraza (@AlvaroMoraza)
6:25 AM • Jun 22, 2023