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Which are the companies that could undertake Stock Splits after Nvidia?
Nvidia has successfully conducted its stock split last week. Many other companies may follow suit. This will provide an opportunity to investors to pick up shares of these companies.
Meta hit with privacy complaints over AI plans
A Vienna-based privacy group filed complaints against Meta in 11 European countries over unlawful AI data use. Microsoft announced a $3.2 billion AI investment in Sweden over two years, AMD unveiled new AI chips to challenge Nvidia, and Cisco plans a $1 billion investment in AI startups for secure AI services.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
US clears way for antitrust inquiries of Nvidia, Microsoft and OpenAI
Federal regulators are proceeding with antitrust investigations into Microsoft, OpenAI, and Nvidia in the AI industry. The Justice Department and FTC are leading the investigations, signaling increased scrutiny into AI technology.
AMD launches new AI chips to take on leader Nvidia
Advanced Micro Devices unveiled the MI325X accelerator at Computex, aiming to challenge Nvidia with new AI chips by 2026.
Nvidia boss, top chip CEOs to lay out AI plans at Taiwan expo
The world's biggest heavyweights in chipmaking and artificial intelligence will converge this week for Taiwan's premier tech expo, with Nvidia CEO Jensen Huang expected to get a rockstar reception at his keynote speech on Sunday. That is thanks in large part to Nvidia becoming the undisputed global leader in the specialised chips and hardware needed for cutting-edge AI. A day before his speech at the National Taiwan University, Huang threw the opening pitch before a baseball game in Taipei.
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US stocks fall despite Nvidia boost as inflation concerns weigh
U.S. stocks fell despite Nvidia's strong revenue forecast boosting shares. Economic data on inflation concerns and potential delay in Fed rate cuts overshadowed the market performance.
Sam Altman, Satya Nadella in US Homeland Security's AI security advisory board
The board will develop recommendations for the transportation sector, pipeline and power grid operators, internet service providers and others to "prevent and prepare for AI-related disruptions to critical services that impact national or economic security, public health, or safety."
ETtech Explainer: Nvidia hit with AI copyright lawsuit
Three authors are suing Nvidia, a leader in graphics processing units (GPUs), claiming the company used their written works without permission to train its AI platform, NeMo. Here's an explainer of what the Nvidia lawsuit says and what these concerns are.
Nvidia is sued by authors over AI use of copyrighted works
Nvidia is sued by authors Brian Keene, Abdi Nazemian, and Stewart O'Nan for copyright infringement. The lawsuit alleges that Nvidia used their specific works to train its NeMo AI platform. The authors seek damages in a class action lawsuit against Nvidia.
Nearly all wealth gained by the world’s rich this year comes from AI
Among the 500 wealthiest individuals, 30 attribute at least some of their fortune to companies that are tracked by the Bloomberg Global Artificial Intelligence Index. Those holdings have boosted their net worth by a combined $124 billion so far this year, accounting for 96% of the total wealth gained on the Bloomberg Billionaires Index.
Video call screensharing error gets Nvidia sued over 'stolen trade secrets'
Automotive technology company Valeo has sued graphics chip giant Nvidia after a video call screen-sharing between the two companies showed 'stolen' data from Valeo, accusing Nvidia of having saved hundreds of millions of dollars from those "stolen trade secrets".
AMD rises as AI chip sales prediction bodes well for rivalry with Nvidia
The optimism over AI chip sales helped ease worries about a disappointing fourth-quarter forecast and put it on course for market value gains of about $10 billion, based on the $104 share price.
How Nvidia built a competitive moat around AI chips
Over more than 10 years, Nvidia has built a nearly impregnable lead in producing chips that can perform complex AI tasks like image, facial and speech recognition, as well as generating text for chatbots like ChatGPT.
AMD forecasts challenger to Nvidia AI chip for 4th quarter, eyes China AI market
Advanced Micro Devices on Tuesday forecast a strong fourth quarter driven by the planned launch of artificial-intelligence chips that could compete with Nvidia chips, with the company's CEO saying it sees an "opportunity" to sell its AI chips in China.
In global AI season, AMD's Lisa Su sees big opening in data centres
AMD revealed new details about the MI300 chip on Tuesday. MI300 is AMD's most advanced graphics processing unit (GPU) that is believed to be a strong challenge to Nvidia whose chips dominate the artificial intelligence (AI) computing market with more than 80% market share.
With no big customers named, AMD's AI chip challenge to Nvidia remains uphill fight
AMD did not say who will adopt the MI300X or a smaller version called the MI300A or how much the chip will cost or how it will bolster its sales.
Amazon's cloud unit considering AMD's new AI chips
While AWS has not made any public commitments to use AMD's new MI300 chips in its cloud services, Dave Brown, vice president of elastic compute cloud at Amazon, said AWS is considering them.
In challenge to Nvidia, AMD will ramp up AI chip production this year
At an event in San Francisco, AMD Chief Executive Lisa Su said the new MI300X chip will have 192 gigabytes of memory, more than any current Nvidia chip.
AMD says Meta is using its cloud chip as it rolls out AI strategy update
Chief Executive Lisa Su said AMD has started shipping its "Bergamo" central processor. Alexis Black Bjorlin, who oversees computing infrastructure at Facebook parent Meta said the firm has adopted it.
AMD likely to offer details on AI chip in challenge to Nvidia
AMD Chief Executive Lisa Su will give a keynote address at an event in San Francisco on the company's strategy in the data center and AI markets. Analysts expect fresh details about a chip called the MI300, AMD's most advanced graphics processing unit (GPU), the category of chips that companies like OpenAI use to develop products such as ChatGPT.
Stumbling Intel, seeing AMD gain ground, says it will recover balance
Intel shocked the market on Thursday with a revenue outlook that was behind Wall Street estimates by about $3 billion. The weakness of the global economy only makes Intel's challenges more difficult.
Goldman Sachs poised to lead US IPO of SoftBank's Arm
The IPO preparations come after SoftBank's deal to sell Arm to Nvidia Corp for $40 billion collapsed last month because of objections from US and European antitrust regulators.
SoftBank's sale of Arm Ltd to Nvidia collapses, Arm to IPO: source
The buyout is also under the scrutiny of British and EU regulators amid concerns that it could push up prices and reduce choice and innovation.
Nvidia preparing to walk away from Arm acquisition
The US chipmaker has told partners that it does not expect the deal to close, the report said, adding that SoftBank is stepping up preparations for an initial public offering of Arm.
Nvidia-Arm deal, worth over $80 billion, faced threat of US FTC lawsuit
The US Federal Trade Commission has sued to block the Nvidia-Arm deal, saying that it would give the US firm control over computing technology and designs that competitors rely on to develop their own competing chips.
How tech won the pandemic and now may never lose
After stepping aside as chief executive early this month, Bezos flew to suborbital space for 10 minutes this week. Upon returning, he expressed gratitude to those who had fulfilled this lifelong dream. “I want to thank every Amazon employee and every Amazon customer, ’cause you guys paid for all this,” he said.
Qualcomm eyes challenge to Apple, Intel with $1.4 billion deal for chip startup
The deal marks a big push by Qualcomm to re-establish a leading position in chip performance after several years of high-profile patent licensing litigation with rival Apple and regulatory authorities.
Samsung Electronics says will fight Nvidia lawsuit
Nvidia said Qualcomm and Samsung had used Nvidia's patented technologies without a licence in Samsung's mobile devices.
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