Nvidia And The Trillion Dollar Club [Infographics]

Shares of companies tied to the rise in generative artificial intelligence surged in May, with Nvidia on Tuesday briefly hitting a $1 trillion market cap — the first chipmaker to reach the milestone. But as the boom in AI-linked stocks sees a small setback, driven by a disappointing outlook from AI firm C3.ai., investors have been wondering: Can the AI sector sustain its momentum, and if so, which companies will benefit most? Hardware manufacturers, especially those in the semiconductor or GPU industry, companies with a lot of data and companies that have the talent to leverage AI technologies will benefit the most, a research analyst told BNN. But lofty valuations are a reason for caution, notes Bloomberg. (LinkedIn News)

This AI boom will also activate a new business model for companies: AI data access revenue for companies with massive datasets which can be used to train AI systems. Reddit is going on that part, LinkedIn News reports.

Reddit has told developers that they will soon have to pay thousands of dollars to access its vast archive of user conversations, data that many tech companies have been using to train their artificial intelligence models. While aimed at AI, the new policy could result in the closure of many third-party mobile apps used for browsing the internet forum. The creator of the popular Reddit client app Apollo posted online that he could be hit with $20 million in charges every year — enough to sink his business.

Reddit is expected to file for an initial public offering later this year; the new revenue stream could make the company — which currently only makes money from advertising — more attractive to investors