Nvidia Stock Drop ChatGPT Update and Spotify DMs

Marketplace’s Meghan McCarty Carino and Jewel Burks Solomon, managing partner at Collab Capital, recently discussed the biggest headlines for this week’s Tech Bytes review.

Nvidia's Puzzling Stock Performance Amidst Record Earnings

This week, chip giant NVIDIA announced impressive quarterly earnings that surpassed expectations. The company saw a remarkable sales increase of over 50% in the last quarter, a clear indicator that the AI boom is continuing its strong momentum. However, despite this stellar performance, share prices took an unexpected dip, raising questions among investors. The drop appears linked to a slightly softer performance in its data center business than the market had anticipated.

For more analysis, you can read the report from The Wall Street Journal, get financial details from Yahoo Finance, or see the sales jump coverage in The New York Times.

OpenAI Enhances ChatGPT for Mental Health Support

In a significant move towards responsible AI, OpenAI has announced it is updating ChatGPT. The changes are designed to improve how the chatbot responds to users who may be experiencing mental distress. This initiative focuses on providing better support and resources when people need them the most. The update comes as the company faces scrutiny over the chatbot's influence and interactions in sensitive situations.

Read the official announcement from OpenAI and a report on the context from CNBC.

Spotify Enters the Social Scene with New Messaging Feature

Spotify is making a play to become a more social platform by officially launching a new messaging system. This feature allows users to connect and communicate directly within the app, aiming to capture the conversations about music and podcasts that often happen elsewhere. It’s a clear bid by the music streamer to increase engagement and keep users on the platform longer.

Learn more about this new feature from TechCrunch.