Apple and Nvidia battled it out on Friday for the title of world’s most valuable company, with the iPhone maker briefly topping the long-time leader in market value. Shares of Nvidia briefly dropped about 3% and its market value dipped to $4.84 trillion in early morning trading, while Apple hovered near a $4.88 trillion market…
Police in Singapore have seized a multi-million dollar luxury home that was allegedly bought using proceeds from smuggling Nvidia artificial intelligence (AI) chips. The property last changed hands for 55 million Singapore dollars (£32m; $42.5m), with at least two-thirds of its purchase price allegedly funded by illicit earnings, authorities said on Wednesday. The home was…
Jensen Huang, Nvidia’s chief executive, has said China’s military doesn’t rely on chips from his California-based company. But an analysis of six years of Chinese records shows that China’s military has been openly seeking Nvidia’s artificial intelligence chips since 2019. Chinese records reviewed by Wirescreen, a software platform that provides information about Chinese companies, showed…
When it comes to the specter of AI’s labor-displacing potential, Jensen Huang thinks that the American worker has nothing to fear. During a conversation Monday night with MSNBC’s Becky Quick hosted by the Milken Institute — an economic policy think tank, the jovial Nvidia CEO said that AI was an industrial-scale generator of jobs, not…
Nvidia is playing fast and loose with its war chest as it looks to build on its momentum as the chief benefactor of the AI boom. The company on Tuesday signed a €1 billion ($1.15 billion) partnership with Deutsche Telekom to set up an “AI factory” in Munich that aims to boost Germany’s AI computing…
At nearly the same moment as Nvidia CEO Jensen Huang was expressing surprise over OpenAI’s multibillion-dollar deal with competitor AMD — shortly after his company agreed to invest up to $100 billion into the AI model maker — Sam Altman was saying that more such deals are in the works. Huang appeared on CNBC’s Squawk…
If you’re wondering what effect Intel’s blockbuster deal with Nvidia will have on its existing product roadmaps, Intel has one message for you: it won’t. “We’re not discussing specific roadmaps at this time, but the collaboration is complementary to Intel’s roadmap and Intel will continue to have GPU product offerings,” an Intel spokesman told my…
Nearly 40% of Nvidia’s second quarter revenue came from just two customers, according to a filing with the Securities and Exchange Commission. On Wednesday, the chipmaker reported record revenue of $46.7 billion during the quarter that ended on July 27 — a 56% year-over-year increase largely driven by the AI data center boom. However, subsequent…
The big picture: Nvidia came within striking distance of setting a new record for the most valuable company in history on Thursday, as its market capitalization soared to $3.92 trillion during intraday trading, just shy of the $4 trillion mark. The chipmaker’s rapid ascent, fueled by relentless demand for its advanced AI chips, briefly pushed…
A little bit more to share: When Nintendo unveiled the Switch 2, it was vague about the chip powering the device, only mentioning that it was a custom design from Nvidia. It didn’t list any specs besides general information – up to 120fps on device, 4K at 60fps, VRR, etc. Thankfully, Nvidia has shed a…
