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The Use of GenAI Technology in Programming Is Profitable

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  Although generative AI is still in its infancy, it has apparently shown its worth in powering coding assistance rather quickly. According to a Financial Times story published on Friday, August 23, GitHub Copilot, an AI coding helper owned by Microsoft, has attracted around 2 million paying customers since its inception in 2022 and has helped GitHub's income rise by 45% year over year. GitHub CEO Thomas Dohmke stated in the article, "We found very quickly that GPT-3, OpenAI's first big model, was so good at creating code that we could develop a solution around this." The study claims that AI assistants for creating and modifying code have also been developed by Amazon, Meta, and Google. In this space, a number of startups are also in competition: Replit, Anysphere, Magic, Augment, Supermaven, and Poolside AI. According to the study, these companies have raised $906 million since January 2023, including $433 million thus far in 2024. According to a 2023 McKinsey estim...

Deadlock is a game that Valve formally says is "in early development."

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For months, the multiplayer game was essentially undiscovered. In the most understated manner possible, Valve has finally and formally unveiled Deadlock. The game now has a straightforward announcement and a Steam page with Valve listed as the publisher and developer: Deadlock is a work in progress that features a lot of impromptu artwork and experimental gameplay. Right now, only friends invited by our playtesters can access. Valve only offers an animated teaser image without any other information. (A still screenshot of it is shown above.) All that is specified in the system requirements is that the game needs an operating system and processor that are 64-bit. Although the game has supposedly been kept under wraps until now, information about it has been leaking for months. Data from closed playtests began to surface in May. Tens of thousands of individuals have joined the game by August as more players encouraged their friends to give it a try. The Verge published a hands-on preview...

Nvidia's Stock Rises as Earnings Forecasts Raise

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 Important lessons learned The rising anticipation for Nvidia's earnings announcement on Wednesday may make it more difficult for the AI chipmaker to win over investors. In only the previous 48 hours, consensus projections for Nvidia's second-quarter revenue and earnings increased by hundreds of millions of dollars.  With Friday's gain of over 4%, Nvidia's stock has increased by over 160% from the year's beginning. The anticipation surrounding Nvidia's (NVDA) results report on Wednesday is growing, which may make it more difficult for the artificial intelligence (AI) darling to win over investors.  Visible Alpha believes that Nvidia's net income is expected to increase by $120 million to $14.95 billion, while consensus predictions for the company's second-quarter revenue increased by $170 million to $28.84 billion in just the last 48 hours.  Although some experts have long expressed concerns about investors' expectations surpassing Wall Street predic...