Nvidia, Jensen Huang and China
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Nvidia, AI
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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.
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.
Nvidia has hit a new milestone, becoming the first company in the world to reach a market value of $5tn (£3.8tn). The US chip giant has rapidly climbed from a niche graphics-chip designer to an AI titan, as euphoria about the potential of artificial intelligence keeps driving demand for its chips and propelling its stock to record highs.
Don’t let widespread enthusiasm for any one stock distract you from the most proven way to succeed as an investor.
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.
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.