👀 Nvidia's new AI chip for China

Also: Make America First in AI

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Evolving AI
July 22, 2024

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Welcome, AI enthusiasts

Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls. Trump allies are reportedly drafting plans for an executive order on AI. The order could lead to 'Manhattan Projects' for AI military tech. Additionally, the rate of cancer detection rose from 58.7% to 66.0% at GP practices using the 'C the Signs' AI tool. Let’s dive in!

In today’s insights:

  • Nvidia preparing version of new flaghip AI chip for Chinese market

  • Trump allies draft AI order to launch ‘Manhattan Projects’

  • GPs use AI to boost cancer detection rates in England by 8%

Read time: 4 minutes

🗞️ LATEST DEVELOPMENTS

Source: Getty Images

Evolving AI: Nvidia preps a new AI chip, the B20, tailored for the Chinese market under current U.S. export controls.

Key Points:

  • Nvidia is developing the B20 chip for the Chinese market, a version of its Blackwell series that complies with U.S. export restrictions. The B200, part of this series, is 30 times faster at specific tasks.

  • Partnering with Inspur, Nvidia plans to launch the B20 chip to counter competition from Chinese firms like Huawei and Enflame.

  • Despite initial challenges, sales of Nvidia’s H20 chip, tailored for China, are now growing, reflecting strategic adaptation to market conditions.

  • China accounted for 17% of Nvidia’s revenue last year, down from 26% two years ago, highlighting the impact of U.S. export controls and the need for targeted market strategies.

Why It Matters:

Nvidia working on a version of its new “Blackwell” chips for the Chinese market, which would comply with strict US export controls for AI training chips, is huge news. As AI advances globally, the need for better chips for training becomes crucial to remain competitive in this race. China has been very busy in the last few months forging partnerships worldwide due to the ever-increasing US sanctions, so with Nvidia potentially providing them with state-of-the-art AI training chips, they’ll be very happy. Let’s see if the United States will intervene.

Startup PromoTix ($48M in traction) is saving the events industry

PromoTix is solving the event industry’s challenges around high ticket fees and low attendance. Ticketmaster and competitors charge up to 40% of the ticket price to book, deterring guests who can’t afford the added cost. Combined with a crowded marketing space, events struggle.

PromoTix is raising funds to expand. Already profitable, with 656k users and $48M in sales in its first 30 months, PromoTix has low-fee and no-fee SaaS pricing, as well as patented marketing tools that drive attendance.

Source: Ricky Carioti/The Washington Post

Evolving AI: Trump allies draft a new AI framework aimed at military and regulatory overhaul.

Key Points:

  • Trump’s team is drafting an AI-focused executive order aimed at military enhancements and significant regulatory reductions.

  • The proposal suggests creating "industry-led" agencies to evaluate AI models and secure systems, signaling a strategic pivot from previous administration policies.

  • Silicon Valley support indicates a shift toward policies favoring less regulation and increased defense collaborations.

  • The initiative, "Make America First in AI," aims to propel the U.S. to the forefront of AI in defense, contrasting sharply with existing regulatory-focused approaches.

Why It Matters:

Whether this change will really boost innovation or create new regulatory challenges remains to be seen. For now, the policy draft highlights the growing importance of technology, defense, and national strategy in our world. Every country is starting to realize how important AI is and the big steps needed to make the most of it.

Source: metamorworks/Shutterstock

Evolving AI: General Practitioners in England increase cancer detection rates by 8% using the AI tool "C the Signs."

Key Points:

  • The AI program "C the Signs" has raised cancer detection rates from 58.7% to 66.0% in GP practices by 31 March 2022 by analyzing patient histories, test results, and personal characteristics.

  • Currently used in about 1,400 practices in England (approximately 15% of all practices), the tool prompts GPs to consider new symptoms and recommends specific tests or referrals.

  • Tested in 35 practices covering a population of 420,000 patients, the AI system has successfully identified over 50 types of cancers and reminds doctors to check test results and referrals to ensure timely follow-ups.

Why It Matters:

These numbers are quite impressive, considering it is only used in 15% of practices and has seen an 8% increase in detection rates. AI has a clear impact on enhancing early cancer detection, which is very important in the treatment and chance of survival for a patient.

💡 Tip of the Day

This is a rather fun new AI online tool to experiment with and see what AI is already capable of. This website simulates an artificial internet by generating a webpage based on every URL or description you provide. It’s essentially an ever-expanding, infinite internet created purely from imagination by typing fake URLs.

🎯SNAPSHOTS

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