Nvidia Doubles Its Revenue, Exceeding Expectations
Nvidia reported its third-quarter revenue figures, which, contrary to popular belief, surpassed every expectation. The revenue figures beat expectations for sales and earnings while providing a better forecast for the current quarter. With the results, Nvidia has proved that it continues to grow quickly, and the demand for its powerful AI chips is at an…
John David
Nvidia Surpasses Apple to Become World’s Most Valuable
Nvidia, the AI chip and GPU maker, has once again surpassed Apple to become the most valuable company on the planet. During Tuesday’s trading, Nvidia surpassed Apple in market cap to claim the top step. Nvidia shares saw a noteworthy surge Tuesday as its share rose by 3% to $139.91, taking its market cap to…
Abode to Fight GenAI With Content Authenticity App
Adobe, one of the biggest software development companies in the world, has developed a way to authenticate media on the Internet with its web authenticity app. Designed as a “nutrition label for digital content, ” this app will allow creators and users to link information to their content. They can link information like official profiles…
No More AI Bill in California, Big Win for Tech Giants?
California governor Gavin Newsom vetoed the hotly contested artificial intelligence safety bill on Sunday after the tech industry voiced concern over AI development, saying it could drive AI companies from the state and hinder innovation. Newsom said that he is in talks with the leading experts of generative AI to help California “develop workable guardrails,”…
Chief Technical Officer Mira Murati Leaves OpenAI
Amid the internal squabble in OpenAI, many top leadership members left the firm, and a new name has been added to that list. The CTO of OpenAI, Mira Murati, who has been monumental in its development, announced on Wednesday that she will be leaving the company soon. In a note to her OpenAI team, which…
Nvidia Suffers Billions in Losses as Market Value Plunge
Once the most valuable company in the world, Nvidia has suffered major setbacks in the last few months. The most recent one came on Tuesday when the company’s share plunged 9.5% or $279 billion. This marked the deepest single-day decline in the history of the US stock market. Analysts state that the main reason for…
Apple And Nvidia Interested in Investing in OpenAI
OpenAI, the world’s biggest AI research organization, has announced that it will be conducting another funding round that could value the firm at over $100 billion. However, the most interesting part is that two of the world’s tech companies seem to be interested in participating in the funding round. According to a report by the…
Tesla CEO Elon Musk Backs Legislation to Safeguard AI
Elon Musk, Tesla’s CEO and SpaceX’s founder has said that the state of California should pass an AI regulation bill that will require tech companies and AI developers to conduct safety testing and implement safeguards against cyberattacks. Musk, the CEO of social media platform X, who has been involved in AI companies like openeAI and…
Temasek’s Big Investment Plans for the United States
Singapore state-owned firm Temasek Holding Pte. Ltd. is planning to invest $30 billion in the United States of America over the next five years. This decision comes as the firm is very cautious about putting money in China. The Head of Temasek North America, Jane Atherton, said in an interview on Monday, “The Americas is…