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New Tech Fund for Buzzy Startups, Plus Intel and Google Unveil New Chips 4/9/24

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Manage episode 411612782 series 2975155
Content provided by CNBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CNBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

There's a new fund that now allows retail investors to get in on the hottest tech startups, including Stripe, OpenAI and SpaceX. But it comes with some risk. The Destiny Tech100 fund has soared more than 500% since its launch two weeks ago but is tanking 40% today. We break down the risks and the rewards. Plus, Intel and Google both announced new and more powerful chips. Intel is introducing its Gaudi 3, which they say is better at inferencing and power efficiency than Nvidia’s H100 chip -- the main choice among companies building AI system. And Google’s Axion is the megacap’s latest expansion into custom chips, which the company says is capable of a range of tasks from powering Google’s search engine to AI-related work.

  continue reading

605 episodes

Artwork
iconShare
 
Manage episode 411612782 series 2975155
Content provided by CNBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CNBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

There's a new fund that now allows retail investors to get in on the hottest tech startups, including Stripe, OpenAI and SpaceX. But it comes with some risk. The Destiny Tech100 fund has soared more than 500% since its launch two weeks ago but is tanking 40% today. We break down the risks and the rewards. Plus, Intel and Google both announced new and more powerful chips. Intel is introducing its Gaudi 3, which they say is better at inferencing and power efficiency than Nvidia’s H100 chip -- the main choice among companies building AI system. And Google’s Axion is the megacap’s latest expansion into custom chips, which the company says is capable of a range of tasks from powering Google’s search engine to AI-related work.

  continue reading

605 episodes

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