Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox
Nebius Group, an artificial intelligence (AI) infrastructure company, has recently announced that it has raised $700 million in a private funding round led by Nvidia, venture capital firm Accel, and accounts managed by Orbis Investments, according to a recent report by Reuters.
Nvidia has introduced a new generative AI model, Fugatto, capable of generating and transforming audio, music, and voices based on text and audio prompts. The technology targets industries such as music production, film, and video games, offering advanced tools for creating and modifying audio content, as per an official blog post by Nvidia.
Jensen Huang, CEO of AI chip powerhouse Nvidia, received an honorary doctorate in engineering from the Hong Kong University of Science and Technology (HKUST) during a ceremony held on Saturday.
The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.
Nvidia reported quarterly sales of $35.1 billion, some $2 billion more than market expectations.
Nvidia’s highly anticipated Blackwell AI chips are reportedly facing overheating issues, raising concerns about potential delays for customers relying on the technology. According to a report by global news platform The Information, the overheating occurs when the chips are installed in server racks designed to hold up to 72 units.
Facebook and Nvidia are asking the US Supreme Court to dismiss securities fraud lawsuits filed by investors, in cases that could make it harder to hold companies accountable in court. Both tech giants are challenging rulings by a lower court that allowed these lawsuits to move forward, saying the cases don’t meet legal standards.
Nvidia’s stock surged to new heights on Monday, closing at its highest value ever and edging the AI chip giant closer to dethroning Apple as the world’s most valuable company.
Nvidia could soon surpass Apple to become the world's second-most valuable company, as the biggest beneficiary of the surge in adoption of AI applications
Nvidia, capitalising on the rapid adoption of AI applications, is poised to overtake Apple as the world's second-most valuable company. This potential shift threatens to displace Apple, which has dominated Wall Street's market value rankings for years.
Nvidia reported a net profit of $14.9 billion, while its revenue was $26 billion
The 11 sellers of the chips were little-known Chinese retailers. Reuters could not determine whether, in fulfilling the orders, they used stockpiles acquired before the US tightened chip-export restrictions in November.
In other words, the world is in disunion not just from wealth and income disparities, but through the widening digital and knowledge application gaps.
NVIDIA, the multinational tech company, has recently announced the GB200 Grace Blackwell Superchip and the Blackwell B200 GPU, technologies with the potential to significantly advance the field of large-language models (LLMs) for generative AI.
Nvidia briefly hit a market value of US$2 trillion on February 23, 2024, marking a record growth in stock for the multinational tech company. As per reports, this rise has occurred due to the current global market's high demand for AI chips, thus positioning Nvidia as a key player in the AI industry.
Bezos had committed $100 million through his firm Explore Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million
Nvidia reported profit of $12.3 billion on record revenue of $22.1 billion, and record high FY revenue of $60.9 billion
Nvidia is the third-most valuable US company and showing more evidence of how central AI-related bets have become to investors
