Amazon has announced the appointment of Andrew Ng, a renowned artificial intelligence visionary, to its board of directors. This move reflects the growing competition in the AI sector among both startups and established technology companies. Ng, currently a managing director at AI Fund in Palo Alto, California, will take over the seat previously held by Judy McGrath, the former CEO of MTV, who declined re-election. Ng founded AI Fund in 2017, a venture that focuses on investing in startups specializing in artificial intelligence.
Prior to this, he led AI teams at major tech companies such as Baidu in China and Google. Notably, during his tenure at Google, his team successfully trained a computer system to identify cats in YouTube videos without any prior knowledge of what a cat was. Ng's addition to Amazon's board aligns with the company's substantial investments in generative artificial intelligence, a trend observed across the technology industry.
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In today’s video, I cover recent developments impacting Astera Labs (ALAB 3.17%), Super Micro Computer (SMCI 4.93%), and various other AI-related stocks.
Palantir Technologies Inc.
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