Ditching Nvidia for DIY Chips

Author

Damon James
July 23, 2024

July 23rd, 2024

One of the biggest areas that will be impacted by AI over the coming years is investing. I’ve been using AI-driven trading bots for the last several years to invest my money. I typically make around 10% monthly returns from it.

If you want to learn more about them…I recently went through this course that was super helpful for getting started in just a few short minutes. Check it out here.

Read Time: 10 Minutes

Today’s Menu

  • Ditching Nvidia for DIY Chips

  • Biden's Exit Shakes Crypto Market

TODAY IN AI

Ditching Nvidia for DIY Chips

Picture a chef frustrated with late and expensive ingredient deliveries, deciding to grow his own produce. OpenAI is taking a similar DIY approach to its chip supply. Concerned about potential shortages of Nvidia semiconductors crucial for training AI models like GPT-5, OpenAI is in talks with chip manufacturers, including Broadcom, to build its own Neural Processing Units (NPUs).

Alphabet did something similar with its TPUs, and OpenAI has hired several Alphabet veterans to work on this initiative. Earlier this year, CEO Sam Altman attempted to raise $7 trillion to reshape the semiconductor industry, reducing reliance on Nvidia. Despite Nvidia’s significant lead, if OpenAI succeeds in creating its own chips, the investment could be crucial for its future capacity in AI development.

The challenge is immense, as Nvidia's technological lead is substantial. Yet, the need for chip, energy, and compute capacity means OpenAI can't afford to wait and watch. They are gearing up to ensure they have the resources to stay at the forefront of AI innovation.

Today In Crypto

Biden's Exit Shakes Crypto Market

Bitcoin settled above $67,000 following a brief surge past $68,000 on Sunday after President Biden announced he would not seek reelection. Initially, BTC slumped but quickly recovered, trading around $67,450, up 0.7% in 24 hours. The CoinDesk 20 Index rose 1.25%, with SOL and DOGE leading gains at 4.3% and 5% respectively.

Biden's withdrawal lowered Trump's victory odds on Polymarket from 71% to 65%, while Kamala Harris' chances doubled to 30%. The market viewed Biden's exit as potentially opening doors for a more crypto-friendly administration, regardless of the next president.

JPMorgan's report last week suggested Bitcoin's price is high compared to its production cost of $43,000, with a volatility-adjusted comparison to gold at $53,000. They noted weak momentum in bitcoin futures due to liquidations by Gemini, Mt. Gox creditors, and the German government. However, they expect liquidations to subside this month, looking for a rebound in CME bitcoin futures positioning into August.

Sovereign is the official clothing brand of Future of Disruptive Tech. Sovereign’s goal is to bring awareness to the importance of:

  • Owning Multiple Passports

  • Purchasing Crypto Assets

  • Creating Online Income Streams and

  • Building a life where you’ll gain independence from corrupt institutions

I will also be starting a separate email list over the next month where I talk about second residency/passport attainment. All Sovereign shirt purchasers will gain lifetime access to this list.

What Did You Think of Today's Email?

Login or Subscribe to participate in polls.

Want to share The Future of Disruptive Tech with a friend, family member, or coworker? Pass this link along to them.

Thanks for reading!

Until next time,

P.S. Want To Subscribe To My Personal Newsletter?

If you’re interested in learning more about disruptive tech, marketing, and everything else I’m exploring from day to day, then click here to subscribe to my personal list now.

Reply

or to participate.