China struggles with sticker shock over Nvidia GPU prices

Plus: AI-Generated Art Ruled as Non-Copyrightable, Banks Unveiling the Future of Financial Security

Author

Jordan Wade
August 23, 2023

Welcome to this week's edition of The Tech Ignition. I hope you find it insightful. My favorite discovery this week was the open-source project; you should definitely check it out below.

Here are the top three stories of the week:

  • Wild GPU prices in China

  • The intersection of AI art and copyright rulings

  • The rise of AI in banking fraud detection

Demand for AI-based services, coupled with concerns about potential U.S. restrictions on GPU sales, has led to a surge in prices in China. Nvidia's H800 compute GPU now fetches prices of up to $70,000 per unit.

Given these exorbitant prices, it wouldn't be surprising if many opt to fly to the U.S. just to purchase a GPU. After all, we've seen similar trends with iPhones.

Image Credit: Nvidia

U.S. District Court Judge Beryl A. Howell ruled that AI-generated artwork cannot be copyrighted, underscoring that human authorship is essential for copyright protection. This decision has sparked significant debate between traditional artists and those who use AI.

However, a lingering question remains: How much does one need to modify an AI-generated art piece before it becomes eligible for copyright?

Image Credit: Alex Castro / The Verge

Banks are increasingly leveraging AI to enhance fraud detection. These tools swiftly analyze data to minimize false positives and improve fraud-related communications.

As a result, in the future, there may be fewer instances of cards mistakenly getting frozen while traveling. Additionally, if your card number surfaces on the dark web, banks can now detect that information more promptly, ensuring even greater protection for your finances.

🌎 Around the Web

Here are some interesting stories and tools that caught our attention this week:

🛠️ Open Source Spotlight

Choosing the right AI model can be daunting. But now, you can effortlessly compare the results of major AI models. This is timely for me as ChatGPT has been a tad underwhelming lately. Now, I'll simply utilize all of them simultaneously.

🖼️ AI Image of the Week

Ridiculous AI images and memes from around the web. Can you identify the movie from the first image or the celebrity in the second?

Thank you for diving into this issue of The Tech Ignition. If you haven’t already, subscribe to get the next issue in your inbox. Additionally, if you have any interesting projects or ideas, find me on Twitter/𝕏 @jjordanwade or Linkedin 

Well…I better let you go, take it easy 👋
— Jordan Wade