nvidia
San José (United States) (AFP) - Nvidia chief Jensen Huang said Tuesday he does not expect a "doomsday scenario" but is readying for the worst over tension between China and the United States. The United States last year tightened export controls on technology from Nvidia and other chip companies to keep it out of the hands of the Chinese military. And anti-China sentiment seems a rare unifying theme in a politically divided US Congress, with legislation aimed at curbing Chinese-owned TikTok. "I do have confidence that the goal of the nations is not adversarial," Jensen said when asked by AFP ...
AFP
San José (United States) (AFP) - Nvidia on Monday announced a major expansion of its collaboration with world-leading BYD and other Chinese electric car makers, including on the development of autonomous AI-boosted vehicles. The move deepens Nvidia's connections with the Chinese EV industry even as it is separately prohibited by the United States from exporting its most powerful AI hardware to China. BYD, which beat Elon Musk's Tesla in sales in the last quarter of 2023, is the latest Chinese auto firm to use Nvidia's DRIVE Thor, an all-in-one vehicle control system that is bolstered by powerf...
AFP
San José (United States) (AFP) - Nvidia on Monday unveiled its latest family of chips for powering artificial intelligence, as it seeks to consolidate its position as the major supplier to the AI frenzy. "We need bigger GPUs. So ladies and gentlemen, I would like to introduce you to a very, very big GPU," said CEO Jensen Huang at a developers conference in California, referring to the graphics processors that are vital in the creation of generative AI. The event, dubbed the "AI Woodstock" by Wedbush analyst Dan Ives, has become a can't-miss date on big tech's calendar due to Nvidia's singular ...
AFP
Washington (AFP) - The artificial intelligence revolution is fully underway, but soaring demand for its most crucial component has startups scratching their heads on how they can deliver on AI's promise. Generative AI's lifeblood is a book-sized semiconductor known as the graphics processing unit (GPU) -- built by one company, Nvidia. Nvidia's CEO and founder Jensen Huang made a wild bet years ago that the world would soon clamor for a powerful chip usually used for making video games, but that could build AI as well. No company working with the generative AI models that fuel today's frenzy ca...
AFP
San Francisco (AFP) - US chip giant Nvidia, whose products play a crucial role in artificial intelligence systems, crushed expectations on Wednesday, as the post-ChatGPT AI frenzy continues to lift the tech sector. The Silicon Valley-based company said sales doubled year-on-year to $13.5 billion in the latest completed quarter, leaving a net profit of $6.2 billion -- an eye-watering 843 percent higher than a year before. Signaling that the boom in AI is still going strong, Nvidia said revenue in the current quarter would ramp up further to $16 billion. "A new computing era has begun," Nvidia C...
AFP
New York (AFP) - The market valuation of Nvidia, a US firm which specializes in chips coveted in the artificial intelligence boom, neared one trillion dollars on Thursday after the company blew past quarterly earnings expectations. Nvidia shares surged as much as 27 percent, putting them on course for a record performance with a market cap above $900 billion. If Nvidia hits the one-trillion mark, it will join a club of only five companies -- all US tech giants except Saudi Aramco, the oil behemoth. Nvidia's chips are a central ingredient to the generative AI revolution, capable of delivering ...
AFP
Tokyo (AFP) - Japan's SoftBank Group said Monday it is selling British chip designer Arm to US firm NVIDIA for up to $40 billion, potentially creating a new giant in the industry but sparking an investigation by UK regulators and fears about the impact on jobs.If approved, the deal will be one of the largest acquisitions anywhere in the world this year and propel NVIDIA to the forefront of the semiconductor sector.The announcement also renewed speculation about SoftBank Group's future, with Bloomberg News reporting it is set to revive talks about going private via a management buyout plan.The ...
AFP
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