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NVIDIA Corp (NASDAQ:NVDA) continues to be a key player in the AI industry, often mentioned alongside tech giants like Apple and Anthropic. These companies have recently faced scrutiny for how they train their AI technologies, particularly using data from YouTube videos.
Specifically, they extract subtitles from a vast library of 173,536 videos across over 48,000 channels. This content includes educational material, mainstream entertainment, and videos from top creators like MrBeast, Marques Brownlee, and PewDiePie.
The controversy stems from the fact that these subtitles are collected without the video creators' consent, raising ethical concerns and violating YouTube’s terms of service.
These terms explicitly ban unauthorized content collection, putting these tech giants' practices in a legally grey area.
Nvidia's stock has seen some ups and downs. After a strong 86% rise from April 19 to June 20, the stock started trading sideways, consolidating between $117 and $140.
This suggests a cooling-off period where the initial enthusiasm of buyers has tapered off, leading to a phase where investors are waiting for the next surge in buying activity.
Despite these fluctuations, Nvidia's year-to-date growth remains strong at 155%, with a modest increase of 2.55% in July.
Although this is a slight dip from an 11% high earlier in the month, the potential for recovery exists if the stock can break past the $140 mark.
If it achieves this, targets of $150 and beyond seem feasible, especially given the increasing demand for AI technology and Nvidia's key role in this sector.
The ongoing discussion about the ethics of data usage in AI training remains important. This conversation is crucial for regulatory and legal compliance, as well as maintaining trust and integrity in the tech industry's relationship with content creators and the public.
After the closing bell on Tuesday, July 16, the stock closed at $126.36, trading down by 1.62%.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.
Posted In: NVDA