Day: 26 March 2024

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Nvidia has big AI ambitions in medicine and healthcare 

AI in healthcare

NVIDIA reportedly introduced about twenty or so new AI-driven tools tailored for healthcare at its 2024 GTC AI conference, securing partnerships with Johnson & Johnson and GE Healthcare for surgical and medical imaging applications.

For the AI chip pioneer, venturing into healthcare represents a decade-long development effort with substantial revenue possibilities.

The adoption of AI in drug discovery and research, a process that traditionally takes up to 12 years and costs billions, is accelerating rapidly.

The opportunities will be far reaching.

Nvidia one year chart

Dramatic price movement for Nvidia over a one-year period
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Why are big name EV makers worried about a… ‘Seagull’

Small generic electric car

The EV named ‘Seagull’ sub $10,000 price tag. This vehicle will likely take-off!

Global automakers are becoming increasingly concerned that Chinese competitors, such as the Warren Buffett-endorsed BYD, might saturate their EV market with cheaper EVs, potentially undermining local production and reducing vehicle prices.

Concerns have been raised that this could damage national automotive industries, and balance sheets. However, it would undoubtedly benefit consumers by providing more affordable entry-level electric vehicles.

The BYD Seagull, an all-electric hatchback manufactured in China, is priced at only 69800 yuan (under $10,000) and is said to be profitable for the rapidly growing Chinese automaker.

There’s fear among global automakers that BYD and other Chinese rivals could flood their markets, undercutting domestic production and vehicle prices.

The Chinese are coming to a town near you – it’s just business.