Table of Contents

• Nvidia is overvalued... hear me out!

• Twitter created a way to stop the bullshit AI generated news

• ChatGPT's new Head of Product is overqualified

• Meme of the Day

Nvidia is overvalued... hear me out!

So, Nvidia just became the sixth-largest company in the world and the ninth company in history to reach a $1 trillion market cap. Let's dive deep to see if this makes sense.

If you look at the top 10 largest companies, their quarterly revenue numbers are all way larger than Nvidias:
 

(Q1 revenue 2023)

1. Apple: $94.8B
2. Microsoft: $52.9B
3. Saudi Aramco: $111.2B
4. Alphabet: $69.78B
5. Amazon: $127.4B
6. Nvidia: $7.19B
7. Berkshire: $85.39
8. Meta: $28.64B
9. Tesla: $23.33
10. TSMC: $16.69B

 
Nvidia also predicted that they will only make just over $11B in Q2. So what is all the hype about?!
 

Our answer is quite simple - hype and speculation.

Nvidia's dominance in GPU technology couples beautifully with AI technology. And because the whole world is hyped on AI, investors have gotten overly excited and valued Nvidia at $1 trillion.

We're not saying that the stock price will definitely crash! In fact, many companies have survived years of being overvalued.

We're just saying to be careful.

Twitter created a way to stop the bullshit AI generated news

Twitter, which is one of the world's premier news sources, is introducing Community Notes, an innovative feature designed to combat the spread of doctored or AI-generated images.
 

Community Notes is currently being tested and will allow users with an impact score of 10 or higher to submit notes on images within tweets.

Tweets commented on by these high-impact users will carry a distinct label to indicate whether the image is authentic or potentially fabricated

The Kingz Take:

This approach is brilliant because if Twitter themselves were to verify these posts, users may become upset with a single centralized company controlling information.

However, with a communal system where the community determines authenticity, similar to moderators, it operates as a decentralized system where not single entity has the ultimate say.

ChatGPT's new Head of Product is overqualified

Peter Deng, the new Head of Product at OpenAI, brings a wealth of experience to his role. Here are some of the impressive things he's done:

He started his career at Google in 2006, but in 2007 he took a job at Facebook that seems to have transformed his life.

Peter became the Head of Product at Instagram, overseeing its remarkable growth in 2013.

He then moved to Oculus as Head of Product and later joined Uber as Head of Rider, contributing to the company's IPO.

But wait, it gets better!

As Chief Product Officer at Airtable, Peter played a key role in securing funding for the company at a $10 billion valuation.

Can the future of ChatGPT look any brighter?!

Meme of the Day

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