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Volkswagen has established a dedicated "AI Lab" to accelerate the development and integration of artificial intelligence (AI) into its vehicles. The AI Lab will act as a global competence center and incubator, identifying new product ideas and collaborating with technology companies as needed. The aim is to quickly develop digital prototypes and hand them over to the Group's brands for implementation. Volkswagen sees significant potential in high-performance voice recognition, services that connect the user's digital environment with the vehicle, and enhanced vehicle functions, including AI-optimized charging cycles for electric vehicles and predictive maintenance.

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Nvidia is setting up a new business unit to develop custom AI chips for cloud computing companies and other customers. This was reported by Reuters, citing nine (!) sources. The company wants to grab a share of the growing market for custom AI chips while protecting itself from competitors developing alternatives to its products. Currently, Nvidia controls about 80 percent of the market for high-end AI chips and counts OpenAI, Microsoft, Alphabet and Meta Platforms among its customers. However, these tech giants are developing their own chips for specific needs. OpenAI in particular is reportedly planning a major chip initiative. It appears that Nvidia is now launching a counteroffensive. According to 650 Group researcher Alan Weckel, the market for custom AI chips in data centers will grow to $20 billion by 2025.

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OpenAI reached a projected annual revenue of more than $2 billion in December, the Financial Times reports. This makes OpenAI one of the fastest-growing technology companies in history, alongside Google and Meta. OpenAI plans to more than double its revenue by 2025 as companies look to deploy generative AI tools. 92 percent of Fortune 500 companies use OpenAI products, according to Altman. ChatGPT is estimated to be used by 100 million people every week. OpenAI is currently negotiating with investors to buy shares at a valuation of $86 billion. Considering the current annual revenue, this is still a high valuation (x43) and reportedly too high for some existing investors. Due to the high cost of developing and operating its models, OpenAI is not yet profitable.

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