As the digital landscape evolves at a pace that can sometimes seem blistering, one theme has surged to the forefront of technology’s next frontier: Generative AI. This innovative subset of artificial intelligence is redefining the creation process across a myriad of sectors, from automating mundane tasks to inspiring groundbreaking products and services. Reflecting on recent developments, it’s clear that the integration and adoption of Generative AI are accelerating, with notable advancements and strategic collaborations marking a significant pivot point in its journey.

Stay up-to-date on the latest AI trends – here’s what’s new this week.

In the news this week:

  • ChatGPT Edu by OpenAI, devised explicitly for the academic realm. This specialized platform, utilizing the advanced GPT-4o model, aims to transform educational methodologies, offering universities the tools to enhance learning and research while navigating the ethical deployment of AI. The move towards educational integration signifies a broader acceptance and utility of Generative AI beyond the confines of tech labs, potentially reshaping the academic landscape by providing an unprecedented level of accessibility to sophisticated AI tools.
  • Intel’s unveiling of new AI chips at Computex 2024 to rival industry giants such as Nvidia and AMD highlights a competitive push towards enhancing AI capabilities at the hardware level. This not only accelerates the performance of AI tasks but also democratizes AI applications, making them more accessible and efficient across various sectors. The Intel-Nvidia chip competition encapsulates the fervent race to lead a market that’s increasingly reliant on AI’s processing power and innovation capabilities.
  • Recent announcements from Nvidia about its next-generation AI chip platform, Rubin, set for release in 2026, illustrate the rapid pace of innovation in AI chip technology. This development is crucial because the efficiency and capability of AI systems heavily depend on the underlying hardware. Nvidia’s Rubin platform promises to significantly reduce the cost and energy required for AI processing, while simultaneously boosting performance.
  • Cisco’s $1 billion investment in AI startups, including a collaboration with Nvidia on the Nexus HyperFabric AI cluster solution, underscores the growing importance of generative AI in enhancing product and service delivery. By investing heavily in AI, Cisco aims to foster innovation and efficiency in the deployment of generative AI applications. This initiative not only demonstrates the potential for generative AI to transform industries by making operations more efficient and innovative but also highlights the significant financial commitment being made by major corporations to advance AI technology.

ARTI Portfolio Highlights

PagerDuty, Inc.

PagerDuty reported solid Q1 FY2025 results with an 8% revenue growth and a 14% non-GAAP operating margin, marking continuous non-GAAP profitability. Annual recurring revenue grew to $463 million, supported by large multi-year, multi-product contracts, indicating strong demand for PagerDuty’s services despite macroeconomic pressures. The launch of a new enterprise plan and expansion into the public sector, highlighted by a seven-figure deal with the Department of Veteran Affairs, demonstrate innovation and market expansion. However, growth retention faces challenges from capital constraints, especially in the Food & Beverage sector, and the SMB segment continues to be a headwind due to high churn and downgrades. The board’s authorization of a $100 million share repurchase program and optimistic FY2025 revenue and net income guidance reflect confidence in the company’s growth trajectory.

SentinelOne, Inc.

SentinelOne reported a record high gross margin of 79% and a positive free cash flow for the first time, marking significant financial milestones. Revenue grew by 40% year-over-year, with international markets contributing significantly to this growth. The company launched new products, including full CNAP integration and PurpleAI, enhancing its cybersecurity offerings. Despite facing macroeconomic uncertainties, SentinelOne revised its full-year revenue outlook but still expects over 30% growth. The establishment of the AI Security Innovation Center underscores its commitment to leading in AI-based cybersecurity.

Ambarella, Inc.

Ambarella reported a 6% sequential increase in Q1 fiscal year 2025 revenue, reaching $54.5 million, driven by auto and IoT sectors with AI products making up two-thirds of total revenue. The company anticipates over 30% growth in AI inference revenue for fiscal 2025, supported by global AI network expansion. Significant milestones include the first passenger vehicle wins for the CV3-AD AI central domain controllers and the introduction of the 5 nanometer CV75 AI SoC. Strategic partnerships and customer engagements, particularly in the automotive and security camera markets, are highlighted as key growth drivers.

Investing in Artificial Intelligence with ARTI ETF

Interested in using generative AI to identify the best artificial intelligence and artificial intelligence-related companies fundamentally changing our world today?

Evolve Artificial Intelligence Fund (ARTI) is Canada’s first Artificial Intelligence Fund that uses generative AI in portfolio construction. ARTI is designed to provide investors with exposure to global securities from AI companies deemed to benefit from the increased global adoption of AI.

For more information on ARTI or any of Evolve ETF’s lineup of exchange-traded funds, please visit our website or contact


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