NVIDIA Unveils Blackwell-Powered AI Systems at COMPUTEX

Good Morning, Team!

Today is a notable day in history, marking significant events from the launch of the first US spacewalk in 1965 to the premiere of the legendary film "Raiders of the Lost Ark" in 1981. As we celebrate these milestones of human achievement and innovation, it's fitting to turn our attention to the groundbreaking advancements happening today in Artificial Intelligence. Let’s dive in.

TRACK HIGHLIGHTS
Article Takeaways

• NVIDIA Reveals Advanced Blackwell AI
• JPMorgan Enhances Investments with AI
• Copper Prices Surge on AI demand
• Nvidia Accelerates AI and Computing
• OpenAI Introduces ChatGPT Edu

MARKET PITSTOP
A Quick Look at the Market

Stock Market: Wall Street is coming off a strong May, with all three major averages notching their sixth positive month in seven. The Nasdaq Composite rose 6.9%, its best month since November 2023.

Crypto: VanEck was the first to apply to the SEC for permission to list its proposed Ethereum ETF. With that first hurdle cleared, VanEck can begin the process of bringing the product to market, though the exact timeline is unclear.

LAP 1 Featured Story
NVIDIA Unveils Blackwell-Powered AI Systems at COMPUTEX

• NVIDIA introduces AI systems with Blackwell architecture at COMPUTEX.
• Jensen Huang highlights AI factories' role in future computing.
• NVIDIA MGX platform supports quick, cost-effective system development.
• Taiwan's top firms adopt Blackwell for AI advancements.

NVIDIA has unveiled a range of AI systems powered by its Blackwell architecture, featuring Grace CPUs and advanced networking solutions at COMPUTEX. CEO Jensen Huang emphasized the shift towards AI factories to accelerate computing and produce artificial intelligence. The new NVIDIA MGX modular reference design platform now supports Blackwell products, aiming to speed up the development of various system configurations and cut development costs significantly. Taiwan's top companies, including Chang Gung Memorial Hospital and Foxconn, are adopting NVIDIA's Blackwell platform to enhance biomedical research, clinical workflows, and AI-powered solutions in electric vehicles and robotics. Additionally, the GB200 NVL2 platform offers unparalleled performance for data processing, making it ideal for emerging market opportunities. This widespread adoption showcases NVIDIA's leadership in driving the next wave of generative AI breakthroughs.

LAP 2
JPMorgan Leverages AI for Smarter Investment Decisions

• JPMorgan's AI tool, "Moneyball," helps avoid poor investment choices.
• "Moneyball" analyzes 40 years of data for better decision-making.
• Financial sector increasingly uses AI for complex investment tasks.
• JPMorgan invests $17 billion in tech, leading in banking innovation.

JPMorgan is expanding the use of its generative AI tool, "Moneyball," to assist portfolio managers in avoiding poor investment decisions by analyzing market behaviors and correcting biases. This AI tool, part of the Spectrum portfolio management platform, uses 40 years of data to aid decision-making. The financial sector is increasingly adopting AI for complex tasks beyond routine compliance and marketing, such as aiding investment decisions. JPMorgan, a leader in banking technology, plans to invest $17 billion in tech this year, aiming to become the "Nvidia of banking." Read More.

BRAIN TEASER
If an escalator is moving down, is it easier or harder to walk down?

WALLSTREET PITSTOP
Copper Prices Surge Amid AI Demand and Chinese Economic Recovery

• Copper prices hit an all-time high.
• AI and renewable energy projects drive demand.
• Tight supply in North America and Europe.
• Rising costs hinder new mining projects.

Copper prices have surged to an all-time high due to increased demand from AI data centers and renewable energy projects, despite China's slower-than-expected economic recovery. The price of copper reached $11,104.5 per tonne on the London Metal Exchange, driven by speculative investments and tight market conditions in North America and Europe. Although China is ramping up production, supply constraints and rising costs for new mining projects are contributing to the price increase. Experts predict that global copper demand will continue to rise, especially from emerging markets like India and Southeast Asia, while supply remains tight due to various challenges.

Lap 3
Rubin: Nvidia's Bold Vision for AI and Computing

• Nvidia plans yearly AI accelerator upgrades with Blackwell Ultra in 2025.
• Rubin platform to debut in 2026 with advanced HBM4 memory.
• New tools and AI models expand Nvidia's customer base beyond cloud giants.
• Omniverse platform showcased for advanced digital twin and modeling capabilities.

Nvidia CEO Jensen Huang announced plans to upgrade the company's AI accelerators annually, revealing the Blackwell Ultra chip for 2025 and the Rubin platform for 2026. Speaking at the Computex trade show, Huang emphasized Nvidia's pivotal role in the AI revolution, predicting widespread adoption across various industries. Nvidia, traditionally known for gaming graphics, is now the world’s most valuable chipmaker, expanding its reach with new tools and software models aimed at broadening its customer base. The company introduced the MGX server design and pre-trained AI models to enhance PC performance and support complex tasks, alongside showcasing the Omniverse platform for digital twins and sophisticated modeling.

FUN FACT STOP
Maine is the only state that has a one-syllable name.

LAP 4
OpenAI Introduces ChatGPT Edu to Transform University Learning and Operations

• ChatGPT Edu leverages GPT-4o for university education, enhancing learning and campus operations.
• Proven success in pilot programs across major universities like Oxford and Columbia.
• Features include custom GPTs, enterprise security, and multilingual support.
• Promotes personalized learning, research assistance, and faculty support.

OpenAI has launched ChatGPT Edu, a specialized version of its generative AI technology, aimed at transforming the educational landscape at universities. Built on the advanced GPT-4o model, ChatGPT Edu is tailored to enrich student learning, assist faculty research, and streamline campus operations. This initiative follows successful pilot programs at prestigious institutions such as the University of Oxford and Columbia University, demonstrating the tool's capacity to support personalized tutoring, help in data analysis for research, and automate routine administrative tasks. For instance, at Columbia University, Professor Nabila El-Bassel has utilized GPT technology to devise community strategies to combat overdose fatalities. ChatGPT Edu is equipped with features that cater specifically to the needs of educational settings, including the ability to create customized GPTs based on university-specific data, robust security measures, and support for over 50 languages.

FINAL LAP - FINANCE & THE STOCK MARKET
New Chips, Meme-coins, and Rekindling Friendships

• Nvidia announces new AI chips months after latest launch as market competition heats up.

• Why ‘struggling’ Bitcoin may be good news for market’s memecoins now.

• Elon Musk and Jamie Dimon have been patching things up. The two business titans have been feuding since a 2016 fallout.

• On Thursday, UBS promoted two leading candidates, Iqbal Khan and Rob Karofsky, and said some other possible contenders are leaving.

BRAIN TEASER ANSWER

Easier. Escalators are designed to assist walking, so if it’s moving down, it reduces the effort required to walk down.

THE RACE CONCLUDES
Thank You for Joining us on the AI Race! 🏁 

We want to THANK YOU for joining us on this exciting journey into the world of AI! Our mission is simple - to keep those who feel left behind in the AI curve up to date.

Your subscription marks the beginning of a collaborative exploration into the boundless possibilities of Artificial Intelligence.

Warm regards,

AI Pitstop Team