Welcome to AI News Today, your daily roundup of the AI industry.
Bridgewater launches $2 billion machine learning fund
Bridgewater Associates (NASDAQ: BWB), a leading Connecticut hedge fund, has launched a $2 billion fund that will use machine learning in its decision-making, using models developed in collaboration with AI leaders such as OpenAI, Anthropic and Perplexity. For more information, please visit the TDR website.
NVIDIA analyst price targets: high of $200, low of $90 by June 2025
NVIDIA (NASDAQ: NVDA) Analyst Price Targets – The highest price target comes from Hans Mosesmann of Rosenblatt, who sees Nvidia's stock rising 64% to $200 per share by June 2025. The lowest price target comes from Gil Luria of DA Davidson, who sees Nvidia's stock falling 26% to $90 per share over the same period.
Nvidia's AI chip bottleneck
European Union Antitrust Commissioner Margrethe Vestager has expressed concern about the significant bottleneck that NVIDIA (NASDAQ: NVDA) has created in the AI chip supply chain. Vestager stressed that the shortage of NVIDIA's advanced chips is hindering AI development and creating dependencies that could affect technological progress in Europe.
Exploitation of African workers in AI development
The investigation uncovered the exploitation of African workers who are essential to training AI systems, and Mercy Anita, a tech worker from Kenya, shared her experience of low pay and poor working conditions, shedding light on ethical concerns over the human cost of AI advances, The Guardian reported.
The role of AI in tackling climate change
AI technologies are playing a key role in tackling the climate crisis. Innovations include AI-driven systems that help optimize energy use, improve climate modeling, and develop sustainable practices. These advances highlight the significant contribution AI can make to tackling the global environment.
Read more AI news on the TDR website.
Want to stay up to date on the latest in Cannabis, AI, Small Caps and Cryptocurrencies? Subscribe to the Daily Baked in newsletter!
