News

NVIDIA breaks through with AI chip igniting industry excitement

Published

6 months ago

March 20, 2024

ticker NEWS

NVIDIA has recently unveiled its latest AI chip, boasting a remarkable 30 times faster performance than its predecessor, in a bid to solidify its dominance in the AI market.

At the company’s annual developer conference, CEO Jensen Huang introduced the B200 “Blackwell” chip along with a suite of new software tools.

With an impressive 80% market share in AI and a market value reaching $2 trillion last month, NVIDIA stands as the third-most valuable company in the US, following Microsoft and Apple.

Observers noted an electric atmosphere at the conference, reminiscent of early Steve Jobs presentations, as Huang showcased the advancements.

Major players like Amazon, Google, Microsoft, and OpenAI are expected to adopt the new flagship chip, while the company’s expansion into automotive sectors and robotics underscores its commitment to innovation.

Despite growing competition from rivals like AMD and Intel, NVIDIA’s early investments in AI technology have positioned it as a key player in the rapidly evolving tech landscape, ensuring continued growth and influence in the industry.

CNET breaks down the event highlights below:

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

8 hours ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

11 hours ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

Leaders

Trump promises to slap unprecedented tariffs on foreign allies

Published

13 hours ago

September 9, 2024

ticker NEWS

Former President Donald Trump has promised to slap unprecedented Tariffs on foreign allies, including the European Union, if he wins the 2024 presidential election.

Trump pledged to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S.

While he had already said he wanted to cut the corporate tax rate to 15%, he had not previously tied that lower rate to keeping manufacturing inside the country. #featured #trending