Nvidia becomes the world's most valuable company, surpassing tech giants Microsoft and Apple. Nvidia's market capitalization reached $3.33 trillion, driven by a 3.2 percent rise in its stock price. To put that into perspective, the valuation of the tech giant now equals that of India's GDP.

Gravitas: Nvidia's market value surpasses Microsoft & Apple

Nvidia has stormed the technology market, surging past giants Apple and Microsoft to become the world's most valuable company. That marks a new high point for the dominance of AI in the investor landscape. Nvidia's shares advanced as much as 3.6 per cent on June 18 to lift its market cap to a record $3.34 trillion, pushing it past Microsoft's $3.32 billion and Apple's $3.29 trillion.&nbsp;

Nvidia's meteoric rise is mostly due to surging demand for AI technology. The firm took a nearly 80 per cent share in the AI chip market, particularly in data centres. Its H100 accelerators play a huge part in running complex AI computations and conclusively led to Nvidia strengthening its sales. That also means that the revenues have increased by more than 125 percent just last year. Nvidia's data centre business posted astonishing 427 per cent year-over-year growth last quarter and delivered $22.6 billion, that is 86 per cent of its total sales.&nbsp;

According to Bloomberg, this ranking shift is a testament to AI's paramount significance for investors. With technology at the core of powering data centres and facilitating complex AI tasks, Nvidia is truly at the very frontline in this revolution of AI technology. This surge in AI-driven demand has taken the stock price by more than 170 per cent in 2024 alone, adding over $2 trillion to its market cap.&nbsp;

Success doesn't come just from chip sales at Nvidia-it comes from panoramic systems; company-proprietary software and a complete development ecosystem. "They're not just selling chips, they're selling systems," says Michael Lippert, vice president and portfolio manager at Baron Capital Inc.&nbsp;

More than that, however, such a shift by Nvidia from merely being a niched chipmaker for gamers to dominating AI hardware demonstrates the strategic agility this company possesses. Earlier known for its graphics chips that powered elaborate gaming, Nvidia diversified into AI, cryptocurrency mining chips, and cloud gaming subscriptions. &nbsp;

While Nvidia continues to dominate the AI hardware market, Microsoft and Apple are leading in terms of actually putting AI to work. Microsoft, which made a massive bet on OpenAI, has been pushing AI models into its core products, including Office and Windows. Microsoft is also one of the biggest buyers of Nvidia’s graphics processing units (GPUs) for its Azure cloud service. Apple has just announced its AI plans, and this has stirred investors' interest, sending its stock briefly higher.&nbsp;

Estimates from analysts such as Wedbush Securities' Daniel Ives peg Nvidia, Apple, and Microsoft to be embroiled in a hot contest toward becoming the first to hit $4 trillion in market cap in the technology sector. Each is digging deep into its competitive advantages with AI expertise in hopes of gaining investor sentiment.&nbsp;

Nvidia's climb to the top has been steep and record. Its share price has more than increased ninefold since the end of 2022, the time of the AI explosion. The rise catapulted the net worth of its co-founder CEO Jensen Huang to about $117 billion, easily making him the 11th wealthiest person in the world.&nbsp;

With Nvidia on a continuous rise, the million-dollar question on everyone's mind seems to be whether it can really hold on to its upward trajectory to be the first tech company with $4 trillion in market capitalisation. Its ingenious handling of the fact that AI has stormily taken over the world of technology and investor interest does give Nvidia an edge over other companies in the digital space. In the dynamic technology sphere of competition, Apple and Microsoft will also be strong contenders for the race.&nbsp;

Nvidia has stormed the technology market, surging past giants Apple and Microsoft to become the world's most valuable company. That marks a new high point for the dominance of AI in the investor landscape.

Nvidia has stormed the technology market, surging past giants Apple and Microsoft to become the world's most valuable company. That marks a new high point for the dominance of AI in the investor landscape. Nvidia's shares advanced as much as 3.6 per cent on June 18 to lift its market cap to a record $3.34 trillion, pushing it past Microsoft's $3.32 billion and Apple's $3.29 trillion. Nvidia's meteoric rise is mostly due to surging demand for AI technology. The firm took a nearly 80 per cent share in the AI chip market, particularly in data centres. Its H100 accelerators play a huge part in running complex AI computations and conclusively led to Nvidia strengthening its sales. That also means that the revenues have increased by more than 125 percent just last year. Nvidia's data centre business posted astonishing 427 per cent year-over-year growth last quarter and delivered $22.6 billion, that is 86 per cent of its total sales. According to Bloomberg, this ranking shift is a testament to AI's paramount significance for investors. With technology at the core of powering data centres and facilitating complex AI tasks, Nvidia is truly at the very frontline in this revolution of AI technology. This surge in AI-driven demand has taken the stock price by more than 170 per cent in 2024 alone, adding over $2 trillion to its market cap. Success doesn't come just from chip sales at Nvidia-it comes from panoramic systems; company-proprietary software and a complete development ecosystem. "They're not just selling chips, they're selling systems," says Michael Lippert, vice president and portfolio manager at Baron Capital Inc. More than that, however, such a shift by Nvidia from merely being a niched chipmaker for gamers to dominating AI hardware demonstrates the strategic agility this company possesses. Earlier known for its graphics chips that powered elaborate gaming, Nvidia diversified into AI, cryptocurrency mining chips, and cloud gaming subscriptions. While Nvidia continues to dominate the AI hardware market, Microsoft and Apple are leading in terms of actually putting AI to work. Microsoft, which made a massive bet on OpenAI, has been pushing AI models into its core products, including Office and Windows. Microsoft is also one of the biggest buyers of Nvidia’s graphics processing units (GPUs) for its Azure cloud service. Apple has just announced its AI plans, and this has stirred investors' interest, sending its stock briefly higher. Estimates from analysts such as Wedbush Securities' Daniel Ives peg Nvidia, Apple, and Microsoft to be embroiled in a hot contest toward becoming the first to hit $4 trillion in market cap in the technology sector. Each is digging deep into its competitive advantages with AI expertise in hopes of gaining investor sentiment. Nvidia's climb to the top has been steep and record. Its share price has more than increased ninefold since the end of 2022, the time of the AI explosion. The rise catapulted the net worth of its co-founder CEO Jensen Huang to about $117 billion, easily making him the 11th wealthiest person in the world. With Nvidia on a continuous rise, the million-dollar question on everyone's mind seems to be whether it can really hold on to its upward trajectory to be the first tech company with $4 trillion in market capitalisation. Its ingenious handling of the fact that AI has stormily taken over the world of technology and investor interest does give Nvidia an edge over other companies in the digital space. In the dynamic technology sphere of competition, Apple and Microsoft will also be strong contenders for the race.

Nvidia's unstoppable ascent: Forces behind its rise and its quest for a $4 trillion market cap

Deloitte announced a collaboration with Hewlett Packard Enterprise (HPE) and Nvidia at the HPE Discover 2024 event to combine its deep industry experience and artificial intelligence (AI) capabilities with the unique set of offerings within the newly released suite of HPE NVIDIA AI Compute solutions. This is to advance the development of industry-specific generative AI applications to help bring game-changing insights for clients across sectors.&nbsp;

The alliance launches the HPE Private Cloud AI, a turnkey private cloud solution designed in collaboration between HPE and Nvidia to help organisations quickly implement tailored AI applications using the combined powerful technology of HPE and accelerated computing solutions from Nvidia. The goal is to assist clients in modernising their data strategies and delivering quicker business outcomes.&nbsp;

The first industry-specific solution to emerge from this collaboration is a digital twin model for the manufacturing sector. Deloitte’s rapid use case development methodology, HPE Greenlake, and Nvidia Omniverse combine better data extraction and management -helping businesses in manufacturing do advanced simulations, predict outcomes, and trial new products and processes to enhance decision-making and innovation.&nbsp;

Tim Gaus, a principal and leader of Deloitte’s Smart Manufacturing business, noted that manufacturers increasingly seek to improve data extraction to run simulations to minimise risk and improve decision-making. The work with HPE and Nvidia is intended to address typical stumbling blocks in developing AI solutions, particularly in managing abundant industrial data stores and weaving disparate systems together for improved security, safety, and outcome prediction.&nbsp;

In addition to the manufacturing-focused solution, Deloitte and HPE will also work together on continued industry-specific AI applications using HPE Private Cloud AI’s end-to-end capabilities with Nvidia computing platform and AI software. This latest collaboration is an extension of more than 25 years of innovation between Deloitte and HPE, which have developed solutions in edge computing, hybrid cloud, Industrial IoT, and beyond.&nbsp;

This extended partnership will simplify the AI lifecycle, which enables enterprises to fast-track the development of AI use cases for real business value, summed up Marc Waters, VP-Customer Success, Services &amp; Solutions at HPE. The partnership furthers Deloitte's ongoing collaboration with Nvidia in providing end-to-end AI solutions. Earlier this year, Deloitte was named NPN Global Consulting Partner of the Year by Nvidia for its work in developing and driving growth with NVIDIA-powered AI solutions.&nbsp;

"Generative AI is transforming every industry, and businesses are seeking full-stack infrastructure and software to give them a fast path to adoption," said Alvin DaCosta, vice president of the NPN Consulting Organization at Nvidia. "The combination of the most advanced Nvidia and HPE computing, software and services with Deloitte's industry expertise helps enterprises accelerate their generative AI deployments."&nbsp;

About Hewlett Packard Enterprise (HPE)&nbsp;

Hewlett Packard Enterprise is an NYSE-listed company with a ticker of HPE that is focused on developing edge-to-cloud experiences that allow organisations to extract the right value from all their data. Providing one consistent experience across all clouds and edges, it drives a comprehensive portfolio from cloud and high-performance computing via AI, intelligent edge, software, and storage solo.&nbsp;

About Deloitte&nbsp;

Deloitte delivers deep audit, consulting, tax, and advisory capabilities to many of the world's largest and most recognisable brands, including nearly 90% of the Fortune 500 and more than 8,500 privately held companies in the US. For more than 175 years, Deloitte has been working across more than 150 countries and territories, bringing forth a peculiar blend of business acumen and technological might that enables clients to shape their futures.&nbsp;

Deloitte announced a collaboration with Hewlett Packard Enterprise (HPE) and Nvidia at the HPE Discover 2024 event to combine its deep industry experience and artificial intelligence (AI) capabilities with the unique set of offerings within the newly released suite of HPE NVIDIA AI Compute solutions.

Deloitte announced a collaboration with Hewlett Packard Enterprise (HPE) and Nvidia at the HPE Discover 2024 event to combine its deep industry experience and artificial intelligence (AI) capabilities with the unique set of offerings within the newly released suite of HPE NVIDIA AI Compute solutions. This is to advance the development of industry-specific generative AI applications to help bring game-changing insights for clients across sectors. The alliance launches the HPE Private Cloud AI, a turnkey private cloud solution designed in collaboration between HPE and Nvidia to help organisations quickly implement tailored AI applications using the combined powerful technology of HPE and accelerated computing solutions from Nvidia. The goal is to assist clients in modernising their data strategies and delivering quicker business outcomes. The first industry-specific solution to emerge from this collaboration is a digital twin model for the manufacturing sector. Deloitte’s rapid use case development methodology, HPE Greenlake, and Nvidia Omniverse combine better data extraction and management -helping businesses in manufacturing do advanced simulations, predict outcomes, and trial new products and processes to enhance decision-making and innovation. Tim Gaus, a principal and leader of Deloitte’s Smart Manufacturing business, noted that manufacturers increasingly seek to improve data extraction to run simulations to minimise risk and improve decision-making. The work with HPE and Nvidia is intended to address typical stumbling blocks in developing AI solutions, particularly in managing abundant industrial data stores and weaving disparate systems together for improved security, safety, and outcome prediction. In addition to the manufacturing-focused solution, Deloitte and HPE will also work together on continued industry-specific AI applications using HPE Private Cloud AI’s end-to-end capabilities with Nvidia computing platform and AI software. This latest collaboration is an extension of more than 25 years of innovation between Deloitte and HPE, which have developed solutions in edge computing, hybrid cloud, Industrial IoT, and beyond. This extended partnership will simplify the AI lifecycle, which enables enterprises to fast-track the development of AI use cases for real business value, summed up Marc Waters, VP-Customer Success, Services & Solutions at HPE. The partnership furthers Deloitte's ongoing collaboration with Nvidia in providing end-to-end AI solutions. Earlier this year, Deloitte was named NPN Global Consulting Partner of the Year by Nvidia for its work in developing and driving growth with NVIDIA-powered AI solutions. "Generative AI is transforming every industry, and businesses are seeking full-stack infrastructure and software to give them a fast path to adoption," said Alvin DaCosta, vice president of the NPN Consulting Organization at Nvidia. "The combination of the most advanced Nvidia and HPE computing, software and services with Deloitte's industry expertise helps enterprises accelerate their generative AI deployments." About Hewlett Packard Enterprise (HPE) Hewlett Packard Enterprise is an NYSE-listed company with a ticker of HPE that is focused on developing edge-to-cloud experiences that allow organisations to extract the right value from all their data. Providing one consistent experience across all clouds and edges, it drives a comprehensive portfolio from cloud and high-performance computing via AI, intelligent edge, software, and storage solo. About Deloitte Deloitte delivers deep audit, consulting, tax, and advisory capabilities to many of the world's largest and most recognisable brands, including nearly 90% of the Fortune 500 and more than 8,500 privately held companies in the US. For more than 175 years, Deloitte has been working across more than 150 countries and territories, bringing forth a peculiar blend of business acumen and technological might that enables clients to shape their futures.

Deloitte, HPE, and Nvidia Unite to Revolutionise Generative AI Solutions

Nvidia has risen to the pinnacle of global market value, dethroning Microsoft, as advanced processors become increasingly important in the competitive quest to control artificial intelligence technologies. On Tuesday, shares of the chipmaker rose 3.5 per cent to $135.58, bringing its market capitalisation to an all-time high of $3.335 trillion.<o:p></o:p>

This achievement comes just after Nvidia eclipsed Apple, the iPhone powerhouse, to become the world's second most valuable corporation. Microsoft's stock fell 0.45 per cent, bringing its market capitalization to $3.317 trillion. Apple's stock also fell by more than 1 per cent, reducing its market worth to $3.286 trillion.

<o:p>To put the chipmaker’s rally into context, the firm’s market value is more than the gross domestic product of India, which is the world’s fifth-largest economy.</o:p>

Nvidia's spectacular surge in market value over the last year exemplifies Wall Street's passionate confidence in the possibilities of AI technology. This euphoria has driven the S&amp;P 500 and Nasdaq to new highs. However, other investors warn that the enthusiasm may fade if there are signs of a slowdown in AI technology spending.<o:p></o:p>

"It's Nvidia's market; we're all just trading in it," said Steve Sosnick, Interactive Brokers' chief market strategist.<o:p></o:p>

According to data from the London Stock Exchange Group (LSEG), Nvidia has emerged as the most traded business on Wall Street by a large margin, with a recent daily turnover of $50 billion, compared to about $10 billion for Apple, Microsoft, and Tesla. The chipmaker currently accounts for nearly 16 per cent of all trade in S&amp;P 500 companies.<o:p></o:p>

As the race for AI supremacy heats up, Nvidia's dominance and crucial role in the industry illustrate the growing impact of artificial intelligence on the future of technology and investment landscapes.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Nvidia has risen to the pinnacle of global market value, dethroning Microsoft, as advanced processors become increasingly important in the competitive quest to control artificial intelligence technologies.

Nvidia has risen to the pinnacle of global market value, dethroning Microsoft, as advanced processors become increasingly important in the competitive quest to control artificial intelligence technologies. On Tuesday, shares of the chipmaker rose 3.5 per cent to $135.58, bringing its market capitalisation to an all-time high of $3.335 trillion. This achievement comes just after Nvidia eclipsed Apple, the iPhone powerhouse, to become the world's second most valuable corporation. Microsoft's stock fell 0.45 per cent, bringing its market capitalization to $3.317 trillion. Apple's stock also fell by more than 1 per cent, reducing its market worth to $3.286 trillion. To put the chipmaker’s rally into context, the firm’s market value is more than the gross domestic product of India, which is the world’s fifth-largest economy. Nvidia's spectacular surge in market value over the last year exemplifies Wall Street's passionate confidence in the possibilities of AI technology. This euphoria has driven the S&P 500 and Nasdaq to new highs. However, other investors warn that the enthusiasm may fade if there are signs of a slowdown in AI technology spending. "It's Nvidia's market; we're all just trading in it," said Steve Sosnick, Interactive Brokers' chief market strategist. According to data from the London Stock Exchange Group (LSEG), Nvidia has emerged as the most traded business on Wall Street by a large margin, with a recent daily turnover of $50 billion, compared to about $10 billion for Apple, Microsoft, and Tesla. The chipmaker currently accounts for nearly 16 per cent of all trade in S&P 500 companies. As the race for AI supremacy heats up, Nvidia's dominance and crucial role in the industry illustrate the growing impact of artificial intelligence on the future of technology and investment landscapes. (With inputs from Agencies)

Nvidia becomes the world's most valuable company, surpassing Microsoft in AI dominance

Jensen Huang, the CEO of Nvidia has become the world's 13th richest person, he is worth over $106 Billion. #Gravitas tells you how the 61-year-old made his wealth.

Jensen Huang: How Nvidia CEO became the world's 13th richest person | Gravitas

The AI-craze has lifted the valuation of Nvidia to beyond $3 trillion and boosted the wealth of Jensen Huang.

Huang steadily climbed to the world's wealthiest ranks as the market value of his computer chip maker has risen sharply.

The Nvidia boss's wealth comes from a 3.5% stake in the company, which he helped start in 1993 with Chris Malachowsky and Curtis Prim.

On Wednesday, Nvidia became the first computer chip company to reach $3 trillion in market value, and on Friday, it was flirting with that mark again.

In doing so, the chipmaker surpassed Apple in market value.

According to the Bloomberg Billionaires Index, Huang overtook Michael Dell on Friday to become the 13th in the world's richest list,

His net worth stands at $106.1 billion.

This marks another big milestone for Huang, with his wealth growing by more than %62 billion dollars in 2024.

This is driven by the endless demand for Nvidia chips used to power AI and the 61-year-old's rise in taking over Silicon Valley.

Two other people who have benefitted from the AI craze are Lisa Su, the CEO of Advanced Micro Devices, and Charles Liang, the CEO of Super Micro Computer.

Huang's wealth topped that of every member of the Waltons, who are America's richest family.

This happened last month, after another solid earnings quarter for the chipmaker.

Today, Nvidia commands an ecosystem of hardware and software solutions that rivals AMD and Intel, and they are trying hard to break up or replicate.

This is mainly due to its dominant share of the market for the high-end accelerators used to train AI, and it has yet to show any signs of slowing down or letting its rivals catch up.

Huang said the firm plans to upgrade its so-called AI accelerators every year.

The markets have also rallied significantly on bets on AI and big tech firms this year. The S&amp;P 500 is near a fresh record high, with the market cap of major tech firms growing.

Investors have bet on AI-related companies as the innovation in tech and profit opportunities from this rising technology globally.

With Nvidia being the poster child of AI, the company's rise is not surprising.

However, the breadth of the company's stock rally has surprised everyone despite a weak global economic backdrop, especially considering the Federal Reserve is still on the sidelines and has yet to bring out its knives on rates.

Still, the ever-changing tech dynamics peg AI as the next big thing, and analysts expect Nvidia's rising popularity to continue.

The AI-craze has lifted the valuation of Nvidia to beyond $3 trillion and boosted the wealth of Jensen Huang. Huang steadily climbed to the world's wealthiest ranks as the market value of his computer chip maker has risen sharply.

The AI-craze has lifted the valuation of Nvidia to beyond $3 trillion and boosted the wealth of Jensen Huang. Huang steadily climbed to the world's wealthiest ranks as the market value of his computer chip maker has risen sharply. The Nvidia boss's wealth comes from a 3.5% stake in the company, which he helped start in 1993 with Chris Malachowsky and Curtis Prim. On Wednesday, Nvidia became the first computer chip company to reach $3 trillion in market value, and on Friday, it was flirting with that mark again. In doing so, the chipmaker surpassed Apple in market value. According to the Bloomberg Billionaires Index, Huang overtook Michael Dell on Friday to become the 13th in the world's richest list, His net worth stands at $106.1 billion. This marks another big milestone for Huang, with his wealth growing by more than %62 billion dollars in 2024. This is driven by the endless demand for Nvidia chips used to power AI and the 61-year-old's rise in taking over Silicon Valley. Two other people who have benefitted from the AI craze are Lisa Su, the CEO of Advanced Micro Devices, and Charles Liang, the CEO of Super Micro Computer. Huang's wealth topped that of every member of the Waltons, who are America's richest family. This happened last month, after another solid earnings quarter for the chipmaker. Today, Nvidia commands an ecosystem of hardware and software solutions that rivals AMD and Intel, and they are trying hard to break up or replicate. This is mainly due to its dominant share of the market for the high-end accelerators used to train AI, and it has yet to show any signs of slowing down or letting its rivals catch up. Huang said the firm plans to upgrade its so-called AI accelerators every year. The markets have also rallied significantly on bets on AI and big tech firms this year. The S&P 500 is near a fresh record high, with the market cap of major tech firms growing. Investors have bet on AI-related companies as the innovation in tech and profit opportunities from this rising technology globally. With Nvidia being the poster child of AI, the company's rise is not surprising. However, the breadth of the company's stock rally has surprised everyone despite a weak global economic backdrop, especially considering the Federal Reserve is still on the sidelines and has yet to bring out its knives on rates. Still, the ever-changing tech dynamics peg AI as the next big thing, and analysts expect Nvidia's rising popularity to continue.

Nvidia's $3 trillion boosts Jensen Huang's wealth

The US Government is taking aim at the dominance of major tech companies in the rapidly growing field of artificial intelligence. The Federal Trade Commission and the Department of Justice have agreed to divide responsibilities for investigating potential anti-competitive practices by Microsoft and Nvidia.

US Antitrust probe targets Microsoft & Nvidia in AI Dominance Probe

Chipmaker Nvidia has surged past apple to become the world's second most valuable company. Nvidia's stock price has skyrocketed 147 percent year-to-date, fueled by booming demand for its artificial intelligence processors. This surge has pushed its market capitalization above 3 trillion dollars, surpassing apple's current valuation.

Nvidia surpasses Apple, becomes world's second most valuable company

The artificial intelligence chipmaker Nvidia's market valuation surpassed $3 trillion on Wednesday as its shares surged to all-time highs. Due to the rise, Nvidia is now the second most valuable company in the world, surpassing Apple. This historic accomplishment coincides with Nvidia's strategic planning for a ten-for-one stock split that will take effect on June 7 to&nbsp;appeal to more private investors.<o:p></o:p>

<h2 class="MsoNormal">Shift in Silicon Valley dominance<o:p></o:p></h2>

The surge in the market value of Nvidia over Apple signifies a major change in the hierarchy of Silicon Valley. Following a moderate 0.8 per cent increase in stock price, Apple, a dominant force since the release of the iPhone in 2007, saw its market capitalization hit $3.003 trillion. On the other hand, Nvidia ended the day with a 5.2 per cent increase in share price, closing at $1,224.40, making the firm worth $3.012 trillion. With a 1.9 per cent increase in its shares, Microsoft, a Redmond, Washington-based company, is now the most valuable at $3.15 trillion according to the updated rankings.<o:p></o:p>

<h2 class="MsoNormal">AI demand drives Nvidia's ascent<o:p></o:p></h2>

The soaring demand for Nvidia's advanced artificial intelligence processors is a major factor in the company's extraordinary growth. The huge demand as major giants like Microsoft, Meta Platforms, and Alphabet rush to develop their AI computing skills is reflected in the company's shares, which have&nbsp;gained 147 per cent in 2024 alone. Nvidia's stock has increased by almost 30 per cent since May 22 because of the company's latest revenue projection, which added to investor excitement. Nvidia's market capitalisation surpassed the value of AT&amp;T whole on Wednesday alone, rising by around $150 million.<o:p></o:p>

<h2 class="MsoNormal">Challenges and Comparisons with Apple<o:p></o:p></h2>

Nvidia is benefiting greatly from the AI revolution, whereas Apple is facing difficulties due to declining iPhone demand and fierce competition in China, the country with the largest smartphone market. When it comes to incorporating AI technologies into its goods and services, some investors believe Apple is trailing behind other industry leaders in this regard. Analyst estimates for Nvidia's future profits have similarly exceeded the business's stock gains. LSEG data shows that the company is currently trading at 39 times predicted earnings, down from nearly 70 times a year ago.<o:p></o:p>

<h2 class="MsoNormal">Nvidia CEO in the spotlight<o:p></o:p></h2>

The media has covered Nvidia CEO Jensen Huang extensively, especially in Taiwan, where he was born. His attendance at the Computex tech trade show in Taipei attracted a lot of attention, emphasising his contribution to the business's recent success. The rise of Nvidia highlights the increasing significance of AI technology in the tech sector and its ability to change the dynamics of the market.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

The artificial intelligence chipmaker Nvidia's market valuation surpassed $3 trillion on Wednesday as its shares surged to all-time highs. Due to the rise, Nvidia is now the second most valuable company in the world, surpassing Apple.

The artificial intelligence chipmaker Nvidia's market valuation surpassed $3 trillion on Wednesday as its shares surged to all-time highs. Due to the rise, Nvidia is now the second most valuable company in the world, surpassing Apple. This historic accomplishment coincides with Nvidia's strategic planning for a ten-for-one stock split that will take effect on June 7 to appeal to more private investors. Shift in Silicon Valley dominance The surge in the market value of Nvidia over Apple signifies a major change in the hierarchy of Silicon Valley. Following a moderate 0.8 per cent increase in stock price, Apple, a dominant force since the release of the iPhone in 2007, saw its market capitalization hit $3.003 trillion. On the other hand, Nvidia ended the day with a 5.2 per cent increase in share price, closing at $1,224.40, making the firm worth $3.012 trillion. With a 1.9 per cent increase in its shares, Microsoft, a Redmond, Washington-based company, is now the most valuable at $3.15 trillion according to the updated rankings. AI demand drives Nvidia's ascent The soaring demand for Nvidia's advanced artificial intelligence processors is a major factor in the company's extraordinary growth. The huge demand as major giants like Microsoft, Meta Platforms, and Alphabet rush to develop their AI computing skills is reflected in the company's shares, which have gained 147 per cent in 2024 alone. Nvidia's stock has increased by almost 30 per cent since May 22 because of the company's latest revenue projection, which added to investor excitement. Nvidia's market capitalisation surpassed the value of AT&T whole on Wednesday alone, rising by around $150 million. Challenges and Comparisons with Apple Nvidia is benefiting greatly from the AI revolution, whereas Apple is facing difficulties due to declining iPhone demand and fierce competition in China, the country with the largest smartphone market. When it comes to incorporating AI technologies into its goods and services, some investors believe Apple is trailing behind other industry leaders in this regard. Analyst estimates for Nvidia's future profits have similarly exceeded the business's stock gains. LSEG data shows that the company is currently trading at 39 times predicted earnings, down from nearly 70 times a year ago. Nvidia CEO in the spotlight The media has covered Nvidia CEO Jensen Huang extensively, especially in Taiwan, where he was born. His attendance at the Computex tech trade show in Taipei attracted a lot of attention, emphasising his contribution to the business's recent success. The rise of Nvidia highlights the increasing significance of AI technology in the tech sector and its ability to change the dynamics of the market. (With inputs from Agencies)

Nvidia surpasses Apple to become the world's second-most valuable company

The US Department of Justice and Federal Trade Commission will investigate the industry dominance of Microsoft, OpenAI, and Nvidia in the Artificial Intelligence industry, according to The New York Times.

The US Department of Justice will lead the investigation to see if Nvidia violated antitrust laws, while the Federal Trade Commission will inspect the conduct of OpenAI and Microsoft, the NYT report said.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/world/iran-criticises-un-nuclear-watchdog-resolution-calls-it-unwise-729238">Iran criticises UN nuclear watchdog resolution, calls it ‘unwise’</a>

Although OpenAI's parent is a nonprofit, Microsoft has invested $13 billion in a for-profit subsidiary, for what would be a 49% stake. The Microsoft-OpenAI partnership is also under informal inquiry in other regions.

The agreement, reached last week by regulators according to sources and is expected to be finalised soon.

The FTC will look into Microsoft's $650 million deal with AI startup Inflection AI, the Wall Street Journal reported on Thursday (June 6), citing a source familiar with the matter.

Notably, in January, the FTC ordered OpenAI, Microsoft, Alphabet, Amazon and Anthropic to provide information on latest investments and partnerships involving generative AI companies and cloud service providers.

The FTC launched a probe into OpenAI last July over concerns that its practices violated consumer protection laws and potentially compromised personal data.

Also read:&nbsp;<a href="https://www.wionews.com/world/russian-hackers-claim-cyberattack-on-spanish-defence-firm-that-is-refurbishing-leopard-tanks-for-ukraine-729139">Russian hackers claim cyberattack on Spanish defence firm that is refurbishing Leopard tanks for Ukraine</a>

US antitrust chief Jonathan Kanter said at an AI conference that structure and trends in AI should give us pause, the technology's reliance on vast amounts of data and computing power creates a significant barrier to entry.

(With inputs from agencies)

The US Department of Justice and Federal Trade Commission will investigate the industry dominance of Microsoft, OpenAI, and Nvidia in the Artificial Intelligence industry, according to The New York Times.

The US Department of Justice and Federal Trade Commission will investigate the industry dominance of Microsoft, OpenAI, and Nvidia in the Artificial Intelligence industry, according to The New York Times. The US Department of Justice will lead the investigation to see if Nvidia violated antitrust laws, while the Federal Trade Commission will inspect the conduct of OpenAI and Microsoft, the NYT report said. Also read: Iran criticises UN nuclear watchdog resolution, calls it ‘unwise’ Although OpenAI's parent is a nonprofit, Microsoft has invested $13 billion in a for-profit subsidiary, for what would be a 49% stake. The Microsoft-OpenAI partnership is also under informal inquiry in other regions. The agreement, reached last week by regulators according to sources and is expected to be finalised soon. The FTC will look into Microsoft's $650 million deal with AI startup Inflection AI, the Wall Street Journal reported on Thursday (June 6), citing a source familiar with the matter. Notably, in January, the FTC ordered OpenAI, Microsoft, Alphabet, Amazon and Anthropic to provide information on latest investments and partnerships involving generative AI companies and cloud service providers. The FTC launched a probe into OpenAI last July over concerns that its practices violated consumer protection laws and potentially compromised personal data. Also read: Russian hackers claim cyberattack on Spanish defence firm that is refurbishing Leopard tanks for Ukraine US antitrust chief Jonathan Kanter said at an AI conference that structure and trends in AI should give us pause, the technology's reliance on vast amounts of data and computing power creates a significant barrier to entry. (With inputs from agencies)

US probes Microsoft, OpenAI, and Nvidia for AI dominance

<h2 class="MsoNormal">Elon Musk confirms major investment in Nvidia technology<o:p></o:p></h2>

Tesla Inc. plans to spend between $3 billion and $4 billion on Nvidia Corp. hardware this year, CEO Elon Musk said in a post on X, formerly known as Twitter, on Tuesday. The investment is part of Tesla's larger push into artificial intelligence, demonstrating the company's commitment to developing its AI capabilities.<o:p></o:p>

<h2 class="MsoNormal">AI capital expenditure to reach $10 billion<o:p></o:p></h2>

Musk indicated that Tesla's total AI-related capital expenditure for the year would be around $10 billion. "For building the AI training superclusters, Nvidia hardware is about 2/3 of the cost," Musk stated on X. He further said that approximately half of the AI cost would be for internal development.<o:p></o:p>

<h2 class="MsoNormal">Nvidia to prioritise shipments to X and xAI<o:p></o:p></h2>

In a related move, Tesla reportedly told Nvidia to prioritise the delivery of AI chips to Musk's other companies, such as the social media platform X,&nbsp;the AI research firm xAI and&nbsp;Tesla's electric vehicle division. This strategic shift emphasises the growing importance of AI technology in Musk's economic enterprise.<o:p></o:p>

<h2 class="MsoNormal">Shareholder Vote on CEO Pay Package Looms<o:p></o:p></h2>

The disclosure comes just ahead of a pivotal shareholder vote on Musk's remuneration package at Tesla. The outcome of this vote could have a significant impact on the company's future direction and the CEO's role.<o:p></o:p>

Tesla confirmed its prediction of more than $10 billion in capital expenditures for the year in April, with future years projected to range from $8 billion to $10 billion. The significant investment in Nvidia hardware is expected to play an important role in advancing Tesla's ambitious AI projects.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Elon Musk confirms major investment in Nvidia technology Tesla Inc. plans to spend between $3 billion and $4 billion on Nvidia Corp. hardware this year, CEO Elon Musk said in a post on X, formerly known as Twitter, on Tuesday.

Elon Musk confirms major investment in Nvidia technology Tesla Inc. plans to spend between $3 billion and $4 billion on Nvidia Corp. hardware this year, CEO Elon Musk said in a post on X, formerly known as Twitter, on Tuesday. The investment is part of Tesla's larger push into artificial intelligence, demonstrating the company's commitment to developing its AI capabilities. AI capital expenditure to reach $10 billion Musk indicated that Tesla's total AI-related capital expenditure for the year would be around $10 billion. "For building the AI training superclusters, Nvidia hardware is about 2/3 of the cost," Musk stated on X. He further said that approximately half of the AI cost would be for internal development. Nvidia to prioritise shipments to X and xAI In a related move, Tesla reportedly told Nvidia to prioritise the delivery of AI chips to Musk's other companies, such as the social media platform X, the AI research firm xAI and Tesla's electric vehicle division. This strategic shift emphasises the growing importance of AI technology in Musk's economic enterprise. Shareholder Vote on CEO Pay Package Looms The disclosure comes just ahead of a pivotal shareholder vote on Musk's remuneration package at Tesla. The outcome of this vote could have a significant impact on the company's future direction and the CEO's role. Tesla confirmed its prediction of more than $10 billion in capital expenditures for the year in April, with future years projected to range from $8 billion to $10 billion. The significant investment in Nvidia hardware is expected to play an important role in advancing Tesla's ambitious AI projects. (With inputs from Agencies)

Tesla to spend up to $4 Billion on Nvidia hardware amid AI expansion

Nvidia's stock jumped 6 per cent to a record high on Tuesday, bringing the AI chipmaker's stock market value to $2.8 trillion, just $100 billion short of surpassing Apple in a huge reshuffle among Wall Street's biggest players.

Trading at $1,128, Nvidia's market capitalisation reached new heights, compared to Apple's $2.9 trillion, making Apple the second-most valuable corporation on Wall Street after Microsoft. During the session, Nvidia's stock rose as much as 8 per cent to an intra-day record high of $1,149.39, while Apple's shares fell 0.2 per cent in afternoon trade.

Nvidia's shares have risen over 13 per cent since it forecasted second-quarter sales beyond Wall Street expectations and announced a stock split last week, reflecting investor interest in the company. "The market has struggled to keep up with the company's steadily increasing growth trajectory. At a mid-thirties forward earnings multiple, this still does not feel like bubble territory," said Derren Nathan, head of equities analysis at Hargreaves Lansdown. According to LSEG statistics, Nvidia recently traded at 36 times projected profit expectations, versus 38 for Advanced Micro Devices and 21 for Intel. Nvidia's stock has more than doubled this year, after more than tripling last year.

Nvidia, a major benefactor of the AI boom, reported a fivefold gain in sales from its data centre division last week as clients demanded its high-performance chips. Alphabet, Microsoft, and Amazon.com are fighting for Nvidia's limited supply of high-end chips in the quest to dominate AI computation. "Business is thriving, there are numerous chances for expansion, and the AI theme remains strong. When the song is so catchy, investors want to keep humming it all day," said Dan Coatsworth, an investment analyst at AJ Bell.

While Nvidia's stock skyrockets, Apple has struggled, underperforming other major technology companies in recent months, and falling 2 per cent this year owing to sluggish iPhone demand and intense competition in China. Microsoft, which eclipsed Apple as the world's most valuable corporation earlier this year, benefited from early investments in AI throughout its cloud services, contributing to its current market worth of $3.1 trillion despite a 0.4 per cent decline in share price on Tuesday.

Apple has also been slower to implement generative AI than competitors such as Microsoft and Google, which are integrating AI into their products more quickly.

Nvidia's rise highlights the increasing importance of AI technology in the market, with investors depending heavily on its sustained growth and profitability.

(With inputs from Reuters)

Nvidia's stock jumped 6 per cent to a record high on Tuesday, bringing the AI chipmaker's stock market value to $2.8 trillion, just $100 billion short of surpassing Apple in a huge reshuffle among Wall Street's biggest players.

Nvidia's stock jumped 6 per cent to a record high on Tuesday, bringing the AI chipmaker's stock market value to $2.8 trillion, just $100 billion short of surpassing Apple in a huge reshuffle among Wall Street's biggest players. Trading at $1,128, Nvidia's market capitalisation reached new heights, compared to Apple's $2.9 trillion, making Apple the second-most valuable corporation on Wall Street after Microsoft. During the session, Nvidia's stock rose as much as 8 per cent to an intra-day record high of $1,149.39, while Apple's shares fell 0.2 per cent in afternoon trade. Nvidia's shares have risen over 13 per cent since it forecasted second-quarter sales beyond Wall Street expectations and announced a stock split last week, reflecting investor interest in the company. "The market has struggled to keep up with the company's steadily increasing growth trajectory. At a mid-thirties forward earnings multiple, this still does not feel like bubble territory," said Derren Nathan, head of equities analysis at Hargreaves Lansdown. According to LSEG statistics, Nvidia recently traded at 36 times projected profit expectations, versus 38 for Advanced Micro Devices and 21 for Intel. Nvidia's stock has more than doubled this year, after more than tripling last year. Nvidia, a major benefactor of the AI boom, reported a fivefold gain in sales from its data centre division last week as clients demanded its high-performance chips. Alphabet, Microsoft, and Amazon.com are fighting for Nvidia's limited supply of high-end chips in the quest to dominate AI computation. "Business is thriving, there are numerous chances for expansion, and the AI theme remains strong. When the song is so catchy, investors want to keep humming it all day," said Dan Coatsworth, an investment analyst at AJ Bell. While Nvidia's stock skyrockets, Apple has struggled, underperforming other major technology companies in recent months, and falling 2 per cent this year owing to sluggish iPhone demand and intense competition in China. Microsoft, which eclipsed Apple as the world's most valuable corporation earlier this year, benefited from early investments in AI throughout its cloud services, contributing to its current market worth of $3.1 trillion despite a 0.4 per cent decline in share price on Tuesday. Apple has also been slower to implement generative AI than competitors such as Microsoft and Google, which are integrating AI into their products more quickly. Nvidia's rise highlights the increasing importance of AI technology in the market, with investors depending heavily on its sustained growth and profitability. (With inputs from Reuters)

Nvidia shares surge to record high, edging closer to Apple in market value

The reaction to nVIDIA's solid earnings revealed that wall street remains laser-focused on AI. But investors are now going outside the typical suspects to uncover the next ai winners. Watch in for more details!

nVIDIA's results bolster AI bets | Investors cast wider net for AI winners

Nvidia reported a record-breaking first quarter for fiscal year 2025, shattering analyst expectations. Overall revenue surged by 262% year-over-year to $26 billion. This surge is attributed to the high demand for nvidia's ai-focused products used for training and running generative ai applications.

Nvidia reports earnings of $6.12 per share, revenue hits $26 bn

Let's look at how markets opened on Wednesday...Asian equities struggled to find stable ground amid a lack of local drivers...On the other hand, the S&P 500 crept to another record high ahead of results from giant chipmaker Nvidia.

Asian stocks wobble after US hits new record high

US Stocks traded mostly higher on Monday. The surge was driven by a significant rally in nvidia shares. Nvidia's stock jumped nearly 3% ahead of its first-quarter earnings report scheduled for wednesday.

How Nvidia is cashing on the AI boom

US stocks traded mostly higher on Monday. The surge was driven by a significant rally in Nvidia shares. Nvidia's stock jumped nearly 3% ahead of its first-quarter earnings report scheduled for Wednesday.

Nvidia stock jumps 3% on earnings hype

Microsoft announced on Thursday that it will offer its cloud computing customers access to AMD's advanced artificial intelligence (AI) chips, presenting a strong competitor to Nvidia's market-leading processors. <o:p></o:p>

Details of this initiative will be shared at the upcoming Build developer conference next week.<o:p></o:p>

Through its Azure cloud computing service, Microsoft will provide clusters of AMD's flagship MI300X AI chips. <o:p></o:p>

These chips are set to rival Nvidia's H100 graphics processing units (GPUs), which are currently in high demand and dominate the data centre AI chip market. <o:p></o:p>

The MI300X chips are designed to train and run large AI models, offering customers a robust alternative to Nvidia's GPUs.<o:p></o:p>

In addition to the AMD offering, Microsoft will introduce a preview of its new Cobalt 100 custom processors at the Build conference. <o:p></o:p>

These processors are reported to deliver 40 per cent better performance compared to other processors based on Arm Holdings' technology. <o:p></o:p>

Snowflake and other companies have already begun using these Cobalt processors.<o:p></o:p>

The move to integrate AMD's MI300X chips into Azure is significant as it addresses the challenge of obtaining Nvidia's high-demand H100 GPUs. <o:p></o:p>

To build and run complex AI models, companies often need to cluster multiple GPUs together, as the required data and computations exceed the capacity of a single processor. <o:p></o:p>

AMD projects $4 billion in revenue from its AI chips this year, highlighting the growing demand and capability of these processors.<o:p></o:p>

Furthermore, Microsoft's Azure cloud unit also sells access to its own in-house AI chips, named Maia, which adds to the variety of options available for customers seeking AI solutions. <o:p></o:p>

The introduction of AMD's MI300X chips and the Cobalt 100 processors demonstrates Microsoft's strategy to diversify its AI hardware offerings and enhance its competitive edge in the cloud computing market.<o:p></o:p>

The Cobalt 100 processors, which were initially announced in November, are currently being tested to power Microsoft Teams, the company's business messaging tool. <o:p></o:p>

These processors are positioned to compete with Amazon's in-house Graviton CPUs, further intensifying the competition in the cloud computing space.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Microsoft announced on Thursday that it will offer its cloud computing customers access to AMD's advanced artificial intelligence (AI) chips, presenting a strong competitor to Nvidia's market-leading processors.

Microsoft announced on Thursday that it will offer its cloud computing customers access to AMD's advanced artificial intelligence (AI) chips, presenting a strong competitor to Nvidia's market-leading processors. Details of this initiative will be shared at the upcoming Build developer conference next week. Through its Azure cloud computing service, Microsoft will provide clusters of AMD's flagship MI300X AI chips. These chips are set to rival Nvidia's H100 graphics processing units (GPUs), which are currently in high demand and dominate the data centre AI chip market. The MI300X chips are designed to train and run large AI models, offering customers a robust alternative to Nvidia's GPUs. In addition to the AMD offering, Microsoft will introduce a preview of its new Cobalt 100 custom processors at the Build conference. These processors are reported to deliver 40 per cent better performance compared to other processors based on Arm Holdings' technology. Snowflake and other companies have already begun using these Cobalt processors. The move to integrate AMD's MI300X chips into Azure is significant as it addresses the challenge of obtaining Nvidia's high-demand H100 GPUs. To build and run complex AI models, companies often need to cluster multiple GPUs together, as the required data and computations exceed the capacity of a single processor. AMD projects $4 billion in revenue from its AI chips this year, highlighting the growing demand and capability of these processors. Furthermore, Microsoft's Azure cloud unit also sells access to its own in-house AI chips, named Maia, which adds to the variety of options available for customers seeking AI solutions. The introduction of AMD's MI300X chips and the Cobalt 100 processors demonstrates Microsoft's strategy to diversify its AI hardware offerings and enhance its competitive edge in the cloud computing market. The Cobalt 100 processors, which were initially announced in November, are currently being tested to power Microsoft Teams, the company's business messaging tool. These processors are positioned to compete with Amazon's in-house Graviton CPUs, further intensifying the competition in the cloud computing space. (With inputs from Reuters)

Microsoft unveils AMD-powered AI chips to challenge Nvidia’s position

Big tech companies are pouring billions into artificial intelligence with NVidia set to be the biggest winner. Ai is expected to boost revenue across the tech sector, and these companies need massive computing power to develop AI. This creates a surge in demand for cloud services from companies like google and Microsoft, who rely heavily on Nvidia's graphics processing units (Gpus) for AI tasks.

Nvidia leads AI charge as tech spends surge

To challenge Nvidia's dominance in semiconductors, tech giant Intel revealed a new version of its artificial intelligence chip at a company event. Intel said that its new Gaudi-3 chip is capable of training large language models 50% more quickly than Nvidia's h100 processor.

Report: Intel's Gaudi-3 50% quicker than Nvidia's H100 processor

In the world of Artificial Intelligence it's Nvidia that's been the go-to for both hardware and software. The platform has been a staple for developers worldwide for almost two decades but now things are changing. Watch in for more details!

UXL to break Nvidia's grip on AI development?

The global AI race has got yet another boost, thanks to market leader Nvidia. The chip maker has announced its latest AI chip 'B200', which is reportedly 30 times faster than its predecessors. Nvidia's latest innovation is not only likely to extend its market domination but also heat the AI race.

Latest chip is 30 times faster at some tasks than its predecessor

Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry. <o:p></o:p>

With the introduction of the B200 flagship AI chip, Nvidia aims to maintain its 80 per cent market share dominance.<o:p></o:p>

The unveiling marks a pivotal moment for the chip manufacturing giant as it navigates an increasingly competitive landscape.<o:p></o:p>

B200: A leap forward in AI technology<o:p></o:p>

Huang took the centre stage at the conference to reveal Nvidia's newest creation, the B200 chip. Boasting a remarkable 30-fold increase in speed compared to its predecessor, this cutting-edge chip promises to revolutionise AI processing capabilities. <o:p></o:p>

While specific performance metrics remain undisclosed, the B200, codenamed "Blackwell," showcases Nvidia's commitment to pushing the boundaries of innovation in AI technology.<o:p></o:p>

Strategic shifts and market impact<o:p></o:p>

In a bid to diversify its offerings and cater to evolving market demands, Nvidia announced strategic shifts in its product portfolio. <o:p></o:p>

The company transitioned from single-chip sales to comprehensive system solutions, integrating 72 AI chips and 36 central processors into its latest iteration. <o:p></o:p>

Customer endorsements and market reception <o:p></o:p>

Major tech players, including Amazon, Google, Microsoft, OpenAI, and Oracle, expressed their intent to leverage Nvidia's B200 chip in their cloud computing services and AI initiatives. <o:p></o:p>

However, Nvidia's stock experienced a modest dip in extended trading, signalling a cautious market response to the company's announcements. <o:p></o:p>

Despite this, industry experts remain optimistic about Nvidia's competitive edge and market leadership. <o:p></o:p>

Software advancements and collaborative ventures<o:p></o:p>

In addition to hardware innovations, Nvidia unveiled a suite of software tools aimed at enhancing system efficiency and streamlining AI model integration. <o:p></o:p>

These microservices are set to pave the way for seamless adoption of AI across various industries, positioning Nvidia as a pioneer in software-driven solutions. <o:p></o:p>

Furthermore, strategic partnerships with leading design software companies, including Ansys, Cadence, and Synopsys, highlights Nvidia's commitment to fostering collaborative ventures and driving innovation across sectors.<o:p></o:p>

&nbsp;(With inputs from Reuters)<o:p></o:p>

Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry.

Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry. With the introduction of the B200 flagship AI chip, Nvidia aims to maintain its 80 per cent market share dominance. The unveiling marks a pivotal moment for the chip manufacturing giant as it navigates an increasingly competitive landscape. B200: A leap forward in AI technology Huang took the centre stage at the conference to reveal Nvidia's newest creation, the B200 chip. Boasting a remarkable 30-fold increase in speed compared to its predecessor, this cutting-edge chip promises to revolutionise AI processing capabilities. While specific performance metrics remain undisclosed, the B200, codenamed "Blackwell," showcases Nvidia's commitment to pushing the boundaries of innovation in AI technology. Strategic shifts and market impact In a bid to diversify its offerings and cater to evolving market demands, Nvidia announced strategic shifts in its product portfolio. The company transitioned from single-chip sales to comprehensive system solutions, integrating 72 AI chips and 36 central processors into its latest iteration. Customer endorsements and market reception Major tech players, including Amazon, Google, Microsoft, OpenAI, and Oracle, expressed their intent to leverage Nvidia's B200 chip in their cloud computing services and AI initiatives. However, Nvidia's stock experienced a modest dip in extended trading, signalling a cautious market response to the company's announcements. Despite this, industry experts remain optimistic about Nvidia's competitive edge and market leadership. Software advancements and collaborative ventures In addition to hardware innovations, Nvidia unveiled a suite of software tools aimed at enhancing system efficiency and streamlining AI model integration. These microservices are set to pave the way for seamless adoption of AI across various industries, positioning Nvidia as a pioneer in software-driven solutions. Furthermore, strategic partnerships with leading design software companies, including Ansys, Cadence, and Synopsys, highlights Nvidia's commitment to fostering collaborative ventures and driving innovation across sectors. (With inputs from Reuters)

Nvidia unveils B200 AI chip, fortifying market dominance in the AI industry

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;

Evergrande’s Scandal: China's property giant accused of $78 bn fraud<o:p></o:p>

China's real estate giant, Evergrande, and its founder, Hui Ka Yan, are ensnared in a $78 billion fraud scandal.

<a href="https://www.wionews.com/business-economy/evergrandes-scandal-chinas-property-giant-accused-of-78-bn-fraud-701699">Read more here</a><o:p></o:p>

Egypt's Economic Resurgence: World Bank unleashes $6 bn aid package<o:p></o:p>

Egypt's economy receives a substantial boost as the World Bank announces a hefty aid package exceeding $6 billion.

<a href="https://www.wionews.com/business-economy/egypts-economic-resurgence-world-bank-unleashes-6-bn-aid-package-701728">Read more here</a><o:p></o:p>

Nvidia unveils B200 AI chip, fortifying market dominance in the AI industry<o:p></o:p>

Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry.

<a href="https://www.wionews.com/business-economy/nvidia-unveils-b200-ai-chip-fortifying-market-dominance-in-the-ai-industry-701752">Read more here</a><o:p></o:p>

Commodity trading industry boasts second-best year ever with over $100 bn in profits<o:p></o:p>

The global commodity trading industry&nbsp;witnessed a stellar performance, raking in profits exceeding $100 billion, marking its second-best year on record.

<a href="https://www.wionews.com/business-economy/commodity-trading-industry-boasts-second-best-year-ever-with-over-100-bn-in-profits-701759">Read more here</a><o:p></o:p>

EU and Philippines rekindle free trade negotiations after seven-year hiatus<o:p></o:p>

Following a seven-year hiatus, the European Union (EU) and the Philippines have announced the revival of their free trade negotiations, signalling a renewed effort to bolster economic ties between the two regions.

<a href="https://www.wionews.com/business-economy/eu-and-philippines-rekindle-free-trade-negotiations-after-seven-year-hiatus-701782">Read more here</a><o:p></o:p>

Apple asserts compliance with EU's digital markets act amidst scrutiny<o:p></o:p>

Apple has defended its adherence to the European Union's Digital Markets Act (DMA), countering criticism that it hasn't taken sufficient steps to open up its closed ecosystem as mandated by the legislation.

<a href="https://www.wionews.com/business-economy/apple-asserts-compliance-with-eus-digital-markets-act-amidst-scrutiny-701793">Read more here</a><o:p></o:p>

European start-ups navigate complex debt deals amid funding downturn<o:p></o:p>

In the wake of a funding drought gripping Europe's venture capital scene, start-ups are turning to intricate debt arrangements to secure vital capital.

<a href="https://www.wionews.com/business-economy/european-start-ups-navigate-complex-debt-deals-amid-funding-downturn-701799">Read more here</a><o:p></o:p>

Fidelity International plans layoffs amid China market challenges<o:p></o:p>

In response to a downturn in China's markets and as part of a global cost reduction initiative, fund manager Fidelity International (FIL) is reportedly planning to lay off approximately 20 employees from its main unit in China.

<a href="https://www.wionews.com/business-economy/fidelity-international-plans-layoffs-amid-china-market-challenges-701768">Read more here</a><o:p></o:p>

Nvidia expands collaborations with Chinese automakers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>

In response to a downturn in China's markets and as part of a global cost reduction initiative, fund manager Fidelity International (FIL) is reportedly planning to lay off approximately 20 employees from its main unit in China.

<a href="https://www.wionews.com/business-economy/nvidia-expands-collaborations-with-chinese-automakers-701773">Read more here</a><o:p></o:p>

IRS Commissioner outlines plans to boost workforce for modernisation goals<o:p></o:p>

Internal Revenue Service (IRS) Commissioner Danny Werfel announced on Monday that the agency's intention to expand its workforce to over 100,000 employees within the next three years to achieve modernisation, service, and enforcement objectives.

<a href="https://www.wionews.com/business-economy/irs-commissioner-outlines-plans-to-boost-workforce-for-modernisation-goals-701775">Read more here</a><o:p></o:p>

Ethiopia bank glitch allows customers to withdraw millions. Here’s what happened<o:p></o:p>

Over the weekend, Ethiopia’s biggest commercial bank witnessed a “systems glitch” which allowed customers to withdraw millions.&nbsp;

<a href="https://www.wionews.com/business-economy/ethiopia-bank-glitch-allows-customers-to-withdraw-millions-heres-what-happened-701766">Read more here</a><o:p></o:p>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Evergrande’s Scandal: China's property giant accused of $78 bn fraud China's real estate giant, Evergrande, and its founder, Hui Ka Yan, are ensnared in a $78 billion fraud scandal.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Evergrande’s Scandal: China's property giant accused of $78 bn fraud China's real estate giant, Evergrande, and its founder, Hui Ka Yan, are ensnared in a $78 billion fraud scandal. Read more here Egypt's Economic Resurgence: World Bank unleashes $6 bn aid package Egypt's economy receives a substantial boost as the World Bank announces a hefty aid package exceeding $6 billion. Read more here Nvidia unveils B200 AI chip, fortifying market dominance in the AI industry Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry. Read more here Commodity trading industry boasts second-best year ever with over $100 bn in profits The global commodity trading industry witnessed a stellar performance, raking in profits exceeding $100 billion, marking its second-best year on record. Read more here EU and Philippines rekindle free trade negotiations after seven-year hiatus Following a seven-year hiatus, the European Union (EU) and the Philippines have announced the revival of their free trade negotiations, signalling a renewed effort to bolster economic ties between the two regions. Read more here Apple asserts compliance with EU's digital markets act amidst scrutiny Apple has defended its adherence to the European Union's Digital Markets Act (DMA), countering criticism that it hasn't taken sufficient steps to open up its closed ecosystem as mandated by the legislation. Read more here European start-ups navigate complex debt deals amid funding downturn In the wake of a funding drought gripping Europe's venture capital scene, start-ups are turning to intricate debt arrangements to secure vital capital. Read more here Fidelity International plans layoffs amid China market challenges In response to a downturn in China's markets and as part of a global cost reduction initiative, fund manager Fidelity International (FIL) is reportedly planning to lay off approximately 20 employees from its main unit in China. Read more here Nvidia expands collaborations with Chinese automakers In response to a downturn in China's markets and as part of a global cost reduction initiative, fund manager Fidelity International (FIL) is reportedly planning to lay off approximately 20 employees from its main unit in China. Read more here IRS Commissioner outlines plans to boost workforce for modernisation goals Internal Revenue Service (IRS) Commissioner Danny Werfel announced on Monday that the agency's intention to expand its workforce to over 100,000 employees within the next three years to achieve modernisation, service, and enforcement objectives. Read more here Ethiopia bank glitch allows customers to withdraw millions. Here’s what happened Over the weekend, Ethiopia’s biggest commercial bank witnessed a “systems glitch” which allowed customers to withdraw millions. Read more here

WION Business Wrap | Evergrande’s $78 bn fraud, Egypt’s economic resurgence, Nvidia’s B200 AI chip and more

Tech giant Nvidia on Monday announced its plans to strengthen partnerships with Chinese automakers, including BYD, as they endeavour to develop self-driving vehicles and AI-infused infotainment systems to compete globally.

BYD, which surpassed Tesla last year to become the world's largest electric vehicle manufacturer, is set to leverage Nvidia's upcoming generation of in-vehicle chips, known as Drive Thor, to enhance autonomous driving capabilities and other digital features.

Nvidia Vice President for Automotive, Danny Shapiro, highlighted BYD's adoption of Drive Thor during a conference call, stating that it will be integrated into BYD vehicles starting next year.

The collaboration aims to propel BYD's technological advancements across manufacturing processes, supply chain management, and the creation of virtual showrooms.

Several Chinese automakers, including BYD, Xpeng, and GAC Aion's Hyper brand, revealed expanded partnerships with Nvidia on Monday at the chipmaker's GTC developer conference in San Jose, California.

Additionally, Zeekr, a subsidiary of Geely, and Li Auto had previously announced their intention to utilise Nvidia's Drive Thor technology.

These collaborations highlights Chinese automakers' pursuit of cutting-edge technology to bolster their global competitiveness, particularly as they aim to expand sales beyond China's borders and vie with established Western brands like Tesla in domestic markets.

Nvidia's Danny Shapiro emphasised the eagerness of Chinese automakers to innovate and capitalise on favorable regulations to advance autonomous driving capabilities.

Nvidia also disclosed new collaborations in the automotive and industrial sectors during Monday's announcements. The company partnered with US software firm Cerence to adapt large language model artificial intelligence systems for in-car computing.

Furthermore, Nvidia is collaborating with Chinese computer manufacturer Lenovo on large language model deployment.

Soundhound, a subsidiary of Nvidia, is set to utilise the company's technology to develop an in-vehicle voice command system, allowing vehicle owners to access information from a virtual owner's manual through speech commands.

Notably, Nvidia did not explicitly mention specific AI developers, such as OpenAI, in its discussions.

(With inputs from Reuters)

Tech giant Nvidia on Monday announced its plans to strengthen partnerships with Chinese automakers, including BYD, as they endeavour to develop self-driving vehicles and AI-infused infotainment systems to compete globally.

Tech giant Nvidia on Monday announced its plans to strengthen partnerships with Chinese automakers, including BYD, as they endeavour to develop self-driving vehicles and AI-infused infotainment systems to compete globally. BYD, which surpassed Tesla last year to become the world's largest electric vehicle manufacturer, is set to leverage Nvidia's upcoming generation of in-vehicle chips, known as Drive Thor, to enhance autonomous driving capabilities and other digital features. Nvidia Vice President for Automotive, Danny Shapiro, highlighted BYD's adoption of Drive Thor during a conference call, stating that it will be integrated into BYD vehicles starting next year. The collaboration aims to propel BYD's technological advancements across manufacturing processes, supply chain management, and the creation of virtual showrooms. Several Chinese automakers, including BYD, Xpeng, and GAC Aion's Hyper brand, revealed expanded partnerships with Nvidia on Monday at the chipmaker's GTC developer conference in San Jose, California. Additionally, Zeekr, a subsidiary of Geely, and Li Auto had previously announced their intention to utilise Nvidia's Drive Thor technology. These collaborations highlights Chinese automakers' pursuit of cutting-edge technology to bolster their global competitiveness, particularly as they aim to expand sales beyond China's borders and vie with established Western brands like Tesla in domestic markets. Nvidia's Danny Shapiro emphasised the eagerness of Chinese automakers to innovate and capitalise on favorable regulations to advance autonomous driving capabilities. Nvidia also disclosed new collaborations in the automotive and industrial sectors during Monday's announcements. The company partnered with US software firm Cerence to adapt large language model artificial intelligence systems for in-car computing. Furthermore, Nvidia is collaborating with Chinese computer manufacturer Lenovo on large language model deployment. Soundhound, a subsidiary of Nvidia, is set to utilise the company's technology to develop an in-vehicle voice command system, allowing vehicle owners to access information from a virtual owner's manual through speech commands. Notably, Nvidia did not explicitly mention specific AI developers, such as OpenAI, in its discussions. (With inputs from Reuters)

Nvidia expands collaborations with Chinese automakers

Nvidia, renowned for its AI-powered chips, finds itself entangled in a legal battle as three authors file a lawsuit against the tech giant. <o:p></o:p>

Brian Keene, Abdi Nazemian, and Stewart O'Nan have accused Nvidia of utilising their copyrighted books without permission to train its NeMo AI platform. <o:p></o:p>

The authors claim that Nvidia used their works as part of a dataset that included about 196,640 volumes to train NeMo to simulate written language.

Although the dataset was taken down in October due to reported copyright infringement, the authors claim Nvidia's admission of training NeMo on the dataset constitutes copyright infringement.<o:p></o:p>

Authors seek damages<o:p></o:p>

The writers are requesting unspecified damages on behalf of US writers whose copyrighted works were used over the previous three years to train NeMo's huge language models in a proposed class action filed in federal court in San Francisco.

The pieces that are included in the complaint are "Ghost Walk" by Keene, "Like a Love Story" by Nazemian, and "Last Night at the Lobster" by O'Nan.

Nvidia has refrained from commenting on the matter, while legal representatives for the authors have yet to provide additional statements.

Growing litigation in AI sphere<o:p></o:p>

This lawsuit adds Nvidia to the list of companies facing legal scrutiny over generative AI technology, which generates new content based on various inputs. <o:p></o:p>

Nvidia's NeMo platform, lauded for its speed and affordability in adopting generative AI, has attracted attention from both creators and litigators. <o:p></o:p>

The tech industry has witnessed a surge in legal disputes surrounding AI, with notable cases involving OpenAI and Microsoft.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Nvidia, renowned for its AI-powered chips, finds itself entangled in a legal battle as three authors file a lawsuit against the tech giant. Brian Keene, Abdi Nazemian, and Stewart O'Nan have accused Nvidia of utilising their copyrighted books without permission to train its NeMo AI platform.

Nvidia, renowned for its AI-powered chips, finds itself entangled in a legal battle as three authors file a lawsuit against the tech giant. Brian Keene, Abdi Nazemian, and Stewart O'Nan have accused Nvidia of utilising their copyrighted books without permission to train its NeMo AI platform. The authors claim that Nvidia used their works as part of a dataset that included about 196,640 volumes to train NeMo to simulate written language. Although the dataset was taken down in October due to reported copyright infringement, the authors claim Nvidia's admission of training NeMo on the dataset constitutes copyright infringement. Authors seek damages The writers are requesting unspecified damages on behalf of US writers whose copyrighted works were used over the previous three years to train NeMo's huge language models in a proposed class action filed in federal court in San Francisco. The pieces that are included in the complaint are "Ghost Walk" by Keene, "Like a Love Story" by Nazemian, and "Last Night at the Lobster" by O'Nan. Nvidia has refrained from commenting on the matter, while legal representatives for the authors have yet to provide additional statements. Growing litigation in AI sphere This lawsuit adds Nvidia to the list of companies facing legal scrutiny over generative AI technology, which generates new content based on various inputs. Nvidia's NeMo platform, lauded for its speed and affordability in adopting generative AI, has attracted attention from both creators and litigators. The tech industry has witnessed a surge in legal disputes surrounding AI, with notable cases involving OpenAI and Microsoft. (With inputs from Reuters)

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