Nvidia, renowned for its AI-enabled chips, faces a lawsuit from three authors who allege that the company used their copyrighted books without authorization to train its NeMo AI platform. Authors Brian Keene, Abdi Nazemian, and Stewart O’Nan claim that their works were included in a dataset of approximately 196,640 books used to train NeMo in…
Nvidia, a leading technology company based in Santa Clara, has recognized Huawei as a significant competitor in several crucial areas, particularly in the production of processors vital for artificial intelligence (AI) systems. In its annual report released on Wednesday, Nvidia acknowledged Huawei as a top competitor in four out of five major categories of its…
Nvidia CEO Jensen Huang experienced a significant surge in wealth on Thursday as the tech company he helped found in 1993 witnessed a remarkable increase in its stock value. Ranked by Bloomberg as the 21st wealthiest individual globally, Huang’s net worth soared by approximately $8.5 billion in a single day, propelled by a 15% surge…
Nvidia, a leading figure in artificial intelligence technology, has reached yet another milestone on Wall Street, surpassing Alphabet in market capitalization just one day after overtaking Amazon. The market capitalization of Nvidia soared to $1.83 trillion on Wednesday, edging past Alphabet’s $1.82 trillion valuation. Nvidia’s shares climbed 2.5% to $739 each, while Alphabet’s shares closed…
Nvidia, propelled by the booming AI sector and the soaring demand for its AI acceleration GPUs, is reportedly making a bold move to invest $30 billion in a new unit focused on custom chip solutions, according to confidential sources revealed to Reuters. The company’s traditional AI acceleration GPUs have garnered immense popularity, but with increasing…
In a recent Instagram post, Meta CEO Mark Zuckerberg revealed the company’s strategic move to heavily invest in Nvidia hardware and other artificial intelligence (AI) initiatives before the close of 2024. Zuckerberg outlined Meta’s commitment to advancing open-source artificial general intelligence (AGI) capable of supporting a wide array of applications, from productivity and development to…
Nvidia, a frontrunner in the AI sector, has demonstrated remarkable financial success in its latest quarterly report, with revenue tripling compared to the previous year. The company’s third-quarter financials revealed revenue of $18.12 billion, surpassing Wall Street predictions of $16.18 billion. This achievement signifies a substantial 206% increase compared to the $5.9 billion recorded in…
Microsoft is reportedly set to spend potentially billions of dollars over several years on cloud computing infrastructure from startup CoreWeave, which recently raised $200 million in financing. CoreWeave offers simplified access to Nvidia’s graphics processing units (GPUs), which are highly regarded for running AI models. Microsoft’s agreement with CoreWeave aims to ensure that OpenAI, which…
Nvidia (NVDA) has joined the elite group of companies with a market capitalization of $1 trillion, thanks to the surging demand for its AI chips. Only eight other companies worldwide have achieved this milestone, including Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), and Saudi Aramco. The chipmaker’s recent earnings report and strong revenue forecast…
The AI boom is here, and Nvidia is reaping all the benefits. Shares of Nvidia (NVDA) exploded 28% higher Thursday after reporting earnings and sales that surged well above Wall Street’s already lofty expectations. That was enough to make investors temporarily forget about America’s dangerous debt ceiling standoff, sending the broader stock market higher —…
