Page 23 - Nvidia

Nvidia eyes fresh record as Goldman Sachs bullish on AI prospects

The stock rose 3.4% to $683.80 in premarket trading and looked set to add about $55 billion to the company's market capitalization. It was valued at $1.63 trillion as of Friday's close

Intel delays $20 bn Ohio project, citing slow chip market: Report

Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project

Kore.ai, startup building conversational AI, secures $150 mn in funding

The investment was led by FTV Capital and had participation from chip giant Nvidia

Nvidia's Big Tech rivals put their own AI chips on the table: Report

The AI chip market is projected to more than double by 2027, to roughly $140 billion, according to the research firm Gartner

Chinese govt bought Nvidia semiconductors chips despite US ban: Report

Neither Nvidia nor retailers approved by the company were among the suppliers, according to Reuters

Data centre firm Yotta's Nvidia AI chip orders to reach $1 billion: CEO

Sunil Gupta, CEO and co-founder of Yotta, told Reuters on Thursday that the order would comprise nearly 16,000 of Nvidia's artificial intelligence chips H100 and GH200 and will be placed by March 2025

At Vibrant Gujarat Global Summit, firms unveil big spending plans

At the Vibrant Gujarat Summit 2024, India's corporate goliaths- Adani, Ambani, and Tata- collectively announced mega investment plans for the state

Yotta's AI data centre in GIFT City to be commissioned before March: Nvidia

Global computing major Nvidia on Wednesday said its partner Yotta is set to commission an "artificial intelligence data centre" in the GIFT City here before end of March. Speaking at the biennial Vibrant Gujarat Global Summit, Shankar Trivedi, senior vice president at Nvidia Global Field Operations, said the American company is partnering with Tata Group and Reliance Industries for setting up data centres. The data centre being set up by Yotta, a Hiranandani Group company, will go live before March, he said. "I'm very happy to inform you that our partner Yotta is setting up a state of the art AI data centre here in GIFT city and it will be available and go live before the end of March," Trivedi said. The Ahmedabad-educated Trivedi said sovereign generative AI requires scalable data centres and added that generative AI will impact everybody in the future.

Nvidia expands reach in China's EV sector despite tighter US export rules

Chinese automakers Li Auto, Great Wall Motor , Zeekr and the new EV unit of Chinese telecommunications company Xiaomi will use Nvidia's DRIVE technology to power automated driving

Nvidia raises $15 mn for non profits helping Israel-Hamar war-hit civilians

Employees from more than 30 countries donated a total of $5 million, which the company matched and doubled to $10 million under a special program introduced to help those affected by the war

After US curbs, Tencent and small chip designers chase Nvidia's China crown

Nvidia commands as much as 90% of China's $7 billion market for chips used to process enormous amounts of data to develop AI software

Hiranandani's Yotta Data to install over 20,400 NVIDIA GPUs by June 2024

Hiranandani group-owned data centre company Yotta Data Services plans to install over 20,400 NVIDIA GPU-based super computers by June 2024, the company said on Tuesday. GPU (Graphics Processing Unit), which are used for processing multimedia content, have become the main chipsets for processing artificial intelligence technology-related data and there is a shortage of these chipsets across the globe. NVIDIA at present dominates the market globally with about 88 per cent share. Yotta Data Services in a statement said that it has collaborated with NVIDIA to deliver cutting-edge GPU computing infrastructure and platforms for its Shakti Cloud platform which will be the fastest super-computer in the country with 16 Exaflops AI computing power. "Yotta has already placed a large order for NVIDIA H100 Tensor Core GPUs, a powerful GPU for AI and HPC workloads, and plans to go operational with 4096 GPUs by January 2024 and 16,384 GPUs by June 2024," the statement said. The collaboration wil

Netweb Technologies partners with Nvidia to boost AI infra in India

Netweb will build and produce more than ten server variations under its Tyrone range of AI systems

IT major Wipro, Nvidia collab for artificial intelligence in healthcare

IT major Wipro on Tuesday announced a collaboration with NVIDIA to help healthcare companies accelerate the adoption of generative artificial intelligence (AI). Wipro will leverage NVIDIA's AI software for enterprises for the production of AI across its current portfolio of healthcare solutions in the affordable care act (ACA), Medicare, and Medicaid, the company said in a statement. Wipro Enterprise Futuring President and Managing Partner Nagendra Bandaru said the collaboration will allow the companies to deliver AI-enabled innovation for the healthcare industry at scale and drive healthcare solutions with advanced computing capabilities. The integration of these technologies with Wipro's Enterprise Generative AI (WeGA) framework will enable Wipro to co-develop and deploy custom models for speech and translation AI, as well as other LLMs.

L&T Tech, NVIDIA to unveil Gen AI & advanced software for medical devices

This collaboration provides a complete solution for customers looking to transition to a software-defined business model via real-time AI applications

Microsoft introduces two custom AI chips to power Azure services: Details

Microsoft does not intend on selling the chips but using them internally to power its in-house AI services such as Bing, Microsoft 365 and Azure AI service

HPE and NVIDIA partner to launch a supercomputing solution in GenAI

This solution will have a software suite enabling customers to train models and develop AI applications

Big Tech sheds $200 billion in value as earnings disappoint this year

The seven companies have been the story of the year in the stock market, with a frenzy of interest around artificial intelligence fuelling gains for many of them

Google, Nvidia back startup that helps navigate AI chip shortage

Big-name backers are betting on young firms like CentML to find innovative ways around those constraints

US restricts Nvidia made-for-China semiconductor chips in new export rules

The latest regulations also restrict exports to two Chinese artificial-intelligence chip firms that are seen as rivals to US-based Nvidia