Nvidia announced $7.19 billion in revenue for the first quarter ended April 30. That’s down 13 percent compared to the February through April frame in 2022, but up 19 percent from Q4, which ended January 29. Nvidia has forecast a stunning $11 billion in sales for Q2. That projected 64 percent increase puts Nvidia on track to be the first chip company with a $1 trillion valuation. CEO Jensen Huang attributes the sales spike to exploding demand for GPUs to run artificial intelligence systems. “We are significantly increasing our supply to meet surging demand for them,” Huang said of the processors. Read more

Comcast announced NOW TV this week, a new streaming solution that includes more than 40+ live channels, 20+ integrated FAST channels and a subscription to Peacock Premium, priced at $20 per month for Comcast’s Xfinity Internet customers. NOW TV is designed for “the value-conscious consumer who wants an entertainment product that is simple and convenient with quality programming movies, top shows, live sports, and news,” the company explains. Launching in the coming weeks, NOW’s live cable offerings feature A+E Networks, AMC Networks, Hallmark and Warner Bros. Discovery, among others. Read more

Netflix introduced a password sharing option for non-household members in the United States this week. Netflix subscribers can “buy an extra member” for an additional $7.99 per month for streaming users who live outside the home. Simultaneous with the rollout, Netflix said it will start blocking unauthorized users of borrowed passwords. “Your Netflix account is for you and the people you live with — your household,” Netflix emailed its U.S. customers, providing instructions on how to “check who is using your Netflix.” The company is also making paid sharing available in additional international territories. Read more

Artificial intelligence promises to change the way media content is produced, distributed and consumed. It even alters the nature of media itself. None of us, inside or outside of the media industry, is fully ready for what AI is about to bring about. So, to chart the course of this AI-driven future, the Entertainment Technology Center at the University of Southern California is organizing its inaugural Synthetic Media Summit on June 8 on the USC campus. This high-level event will gather the world’s top AI experts and media executives to discuss the state, media use cases, and ethics of synthetic media for the news and entertainment industries. Read more

The focus was on artificial intelligence at Microsoft Build 2023, where the software giant showcased AI enhancements across Windows 11, Microsoft 365, Edge and more. The company also said Bing is now the default search engine for OpenAI’s ChatGPT chatbot. A Copilot AI button is being integrated into the Windows 11 taskbar, making it the first personal computer operating system to integrate AI assistance to help users seamlessly connect across apps and improve productivity. “For example, you cannot only copy and paste, but also ask Windows Copilot to rewrite, summarize or explain your content,” Microsoft points out. Read more