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Tag: 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 […]

Nvidia to become world's most valuable company
Tech

Nvidia working with US officials on China AI chip exports

Nvidia Corp. is negotiating with the United States government over whether it can ship a new artificial intelligence chip to China, Chief Executive Officer Jensen Huang confirmed on Friday. The discussions come amid reports earlier this week that the semiconductor giant is developing a new product, codenamed B30A, which would be more powerful than the […]

Nvidia to become world's most valuable company
Tech

US grants Nvidia licenses to export H20 chips to China

The United States Commerce Department has begun granting Nvidia licenses to export its H20 chips to China, a US official said on Friday, clearing a major obstacle to the AI giant’s access to a key market. Last month, Washington reversed an April ban on selling the H20 chip to China. Nvidia had designed the processor […]

Nvidia to become world's most valuable company
Tech

Nvidia eyes revenue boost with advanced chip sales to China

Nvidia is looking to ship more advanced chips to China than its current generation, CEO Jensen Huang said on Wednesday, as he looks to revitalize sales in the world’s second-largest economy. Nvidia plans to ship more advanced chips to China than its current offerings, CEO Jensen Huang said on Wednesday, as the company seeks to […]

Two Chinese charged for shipping US AI chips to China
Tech

Nvidia hits $4tn milestone as stock rises by 2%

Nvidia Corporation’s market capitalisation soared past $4 trillion on Wednesday following a more than 2 per cent rise in its stock price. This development has cemented its status as the world’s most valuable company. The California-based semiconductor giant has now outpaced tech titans Microsoft and Apple—both of which previously crossed the $3 trillion mark—as investor […]

Nvidia to become world's most valuable company
News

Nvidia to become world’s most valuable company

Nvidia continued its meteoric rise on Thursday, hitting a market capitalization of $3.92 trillion, putting it on track to become the most valuable public company in history and surpassing Apple’s record of $3.915 trillion set in December 2024. Shares of the California-based chipmaker rose as much as 2.4% in morning trading to $160.98, driven by […]

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