ChatGPT Creator Wants It All

   Sam Altman, the creator of ChatGPT, is venturing into a new territory - the semiconductor industry.

   Altman is in talks with UAE investors to gather 5 to 7 Trillion dollars in funding set to boost the global production of AI-specific chips.

   The Semiconductor Industry Association is forecasting a significant 13.1% leap in global chip sales, reaching $595.3 billion this year.

   With this much money we could see a 100x increase in the production of AI chips in the next 10 years. We are a stone's-throw away from near-infinite computing capacity.

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Economy’s Surprising Resilience Amid Global Chaos

   Contrary to forecasts at the beginning of 2023, which predicted a worldwide recession, the global Gross Domestic Product (GDP) experienced a growth rate of approximately 3%.

   Data from Goldman Sachs and the Organisation for Economic Cooperation and Development (OECD) both reflect a level of global economic activity comparable to pre-pandemic times in 2019.

   Furthermore, surveys of purchasing managers across the globe hint at sustained growth, defying the myriad of challenges.

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Nvidia's Leap into $30 Billion Custom Chip Market

   Nvidia has embarked on a new venture to design bespoke chips for cloud computing and artificial intelligence, tapping into a $30 billion custom chip market.

   Nvidia already holds an 80% share in the high-end AI chip market. Now, it aims to meet the specific needs of major tech players like OpenAI, Microsoft, Alphabet, and Meta Platforms.

   Their strategy also includes discussions with Amazon, Google, and others about creating custom chips not just for data centers but also for telecom, automotive, and gaming industries.

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Disney's Epic $1.5 Billion Move

   Disney has invested $1.5 billion in Epic Games, the creators of Fortnite.

   Bob Iger (CEO of Disney) recognized the growing influence of video games on younger generations.

   This partnership aims to merge Disney's extensive collection characters and stories with Fortnite's massive digital playground, potentially creating a new realm of interactive experiences for users worldwide.

   This decision reflects Disney's strategy to keep pace with the evolving media consumption habits of Gen Z, Gen Alpha, and millennials, who equally divide their screen time between video games, TV, and movies.

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