Nvidia, Blackwell and Jensen Huang
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Nvidia Becomes World’s 1st $5 Trillion Company, Amid AI Boom
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NVIDIA, Samsung and AI
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In this week’s edition of The Prototype, we look at why AI models struggle with finance, a revolutionary superconducting discovery, Pac-Man and more.
As of Wednesday, when the stock rose 3%, Nvidia was larger than Qualcomm, AMD, Arm Holdings, ASML, Broadcom, Intel, Lam Research, Micron Technology and Taiwan Semiconductor Manufacturing combined, according to Dow Jones Market Data. Its value also exceeded entire sectors of the S&P 500, including utilities, industrials and consumer staples.
US chip giant Nvidia will supply more than 260,000 of its most advanced artificial intelligence (AI) chips to South Korea's government, as well as Samsung, LG, and Hyundai. The companies will all deploy AI chips in factories to make everything from robots to autonomous vehicles.
Shareholders of the Austin, Texas-based Bitcoin (BTC) mining company Core Scientific (Nasdaq: CORZ) have rejected a $9 billion merger deal with the AI cloud infrastructure company CoreWeave (Nasdaq: CRWV), the Bitcoin miner announced on Oct. 30.
Nvidia CEO Jensen Huang urges the US to stay engaged with China in the global AI race, warning that isolation could hurt innovation and long-term leadership.
The artificial intelligence giant Nvidia on Wednesday notched yet another historic milestone, becoming the first company to be worth $5 trillion. The value of Nvidia alone is now worth more than the GDP of every country on earth, except for the United States and China, according to World Bank data.
Silicon Valley chipmaker Nvidia plans to supply hundreds of thousands of its graphics processing units for projects with South Korean businesses and the government to advance the country’s artificial intelligence infrastructure and technologies.
The move positions Nvidia’s AI inside the cockpit, enabling Joby to handle flight hardware and certification, while Nvidia provides the brains. Also, Nvidia could become the de facto AI standard for flying cars if the sector takes off.