Nvidia, China and Blackwell
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Nvidia becomes 1st company to hit $5 trillion market value
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Nvidia CEO Jensen Huang said improvements in AI models were leading to more investment in the technology, which was improving AI further in a "virtuous cycle."  Speaking at the APEC CEO Summit in South Korea,
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.
Nvidia just hit $5 trillion market cap. CEO Jensen Huang is doing quite well himself, too.
The chipmaker on Wednesday became the first publicly listed company to top $5 trillion in market value, boosted by demand for its AI chips.
PUBG publisher Krafton Inc. has partnered up with Nvidia to bring new AI-powered co-playable characters to the popular battle royale game.
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.
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.