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Tag: Nvidia

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Walton family reclaim top 10 richest spots, displace Nvidia’s founder

The Walton family heirs to the Walmart fortune have reclaimed spots among the world’s 10 richest individuals. This follows a sustained rally in Walmart Inc. shares, which displaced NVIDIA Corp. founder and CEO Jensen Huang from the elite group. According to the Bloomberg Billionaires Index, siblings Jim Walton, Rob Walton, and Alice Walton now rank […]

Nvidia to become world's most valuable company
Tech

Nvidia closing in on $20bn OpenAI investment

Nvidia is reportedly close to finalizing a deal to invest around $20 billion in OpenAI’s latest funding round. OpenAI, the company behind ChatGPT, is aiming to raise up to $100 billion in this round, which could value the company at approximately $830 billion, according to Reuters, citing a source. Companies such as Amazon and SoftBank […]

Two Chinese charged for shipping US AI chips to China
Tech

Nvidia’s $100bn OpenAI investment hits roadblock – Report

Nvidia’s proposed investment of up to $100 billion in OpenAI, aimed at supporting the training and operation of its newest AI models, has hit a roadblock amid internal doubts at the chipmaker. This was disclosed in a report by the Wall Street Journal Friday, according to Reuters. The company had announced in September that the […]

Tech

Nvidia-backed Starcloud runs first AI model in space

Nvidia-backed startup Starcloud has trained an artificial intelligence model in space for the first time, heralding a new era of orbital data centres that could help ease the growing strain on Earth’s digital infrastructure. Last month, the Washington-based company launched a satellite equipped with an Nvidia H100 graphics processing unit, a chip 100 times more […]

Nvidia to become world's most valuable company
Tech

Nvidia claims generational AI chip lead over Google

Nvidia said on Tuesday that its technology maintains a full generational lead over the competition, directly addressing Wall Street’s concerns about potential challenges from Google’s new AI chips. “We’re delighted by Google’s success — they’ve made great advances in AI and we continue to supply to Google,” Nvidia said in a post on X. “NVIDIA […]

Two Chinese charged for shipping US AI chips to China
Tech

Nvidia backs $2b fund to mentor India’s deep tech innovators

Nvidia has joined a new $2 billion investment alliance to mentor and support emerging deep tech startups in India, strengthening its footprint in the world’s third-largest startup ecosystem. The United States chipmaker is a founding member of the India Deep Tech Alliance, a coalition of private equity and venture capital firms committed to investing in […]

Two Chinese charged for shipping US AI chips to China
Tech

Nvidia becomes first firm to surpass $5tn market cap

Nvidia’s stock jumped more than 4 per cent on Wednesday, propelling the United States chipmaker past the $5 trillion market capitalization mark, the first company ever to reach that milestone. The achievement underscores Nvidia’s extraordinary transformation from a niche maker of video game graphics processors into a dominant force powering the global artificial intelligence revolution. […]

Two Chinese charged for shipping US AI chips to China
Tech

Nvidia takes $1 billion stake in Nokia

Nokia announced on Tuesday that Nvidia is acquiring a $1 billion stake in the networking firm, marking another strategic move for the AI chipmaker. Following the announcement, Nokia’s shares jumped 22 per cent. Nokia plans to issue over 166 million new shares, with the proceeds earmarked for AI initiatives and general corporate purposes. The companies […]

Alibaba partners with Apple on AI for iPhones in China
Tech

Alibaba partners Nvidia to accelerate humanoid robot development

Alibaba announced on Wednesday a strategic collaboration with United States chipmaker, Nvidia to accelerate its work on humanoid robots. Alibaba announced the partnership in Hangzhou during a subforum of its annual developers’ conference, featuring panelists from both Nvidia and Alibaba Cloud Intelligence. The announcement sent Alibaba’s shares in Hong Kong up more than 9 per […]

Two Chinese charged for shipping US AI chips to China
Tech

Nvidia to invest $100b in OpenAI for AI data centres

Nvidia announced on Monday that it will invest $100 billion in OpenAI, supporting the lab’s plan to develop massive data centers powered by Nvidia’s AI processors. According to both companies, OpenAI intends to build and deploy Nvidia-based systems with a power demand of 10 gigawatts—a scale that underscores the enormous energy needs of the world’s […]

Two Chinese charged for shipping US AI chips to China
Tech

US chipmaker Nvidia may have violated anti-monopoly laws – China

China’s market regulator has found that United States chipmaker Nvidia may have breached the country’s anti-monopoly laws, according to a preliminary probe, and said the investigation will continue. Following the announcement, Nvidia’s shares dropped about 2% in premarket trading. The probe, initiated late last year by China’s State Administration for Market Regulation, focuses on Nvidia’s […]

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