Page 26 - Nvidia

Nvidia Corp tops Meta record with $277 billion surge in market value

Nvidia shares surged after it reported blowout results that cemented Wall Street bets on the potential for its artificial intelligence technologies

Nvidia surges after company proclaims AI has hit 'tipping point': Report

The shares jumped about 13% in premarket trading on Thursday following the announcement. They earlier closed at $674.72 in New York, leaving them up 36% for the year

Microsoft develops AI server gear to lessen reliance on Nvidia: Report

The new network card is similar to Nvidia's ConnectX-7 card, which the chip developer sells alongside its graphic processor units (GPUs), the report added

Nvidia market rally: What's behind the US-based company's bull run?

The market data shows that the Nvidia's shares have rallied over 250 per cent in the last one year

Nearly all wealth gained by world's rich this year comes from AI

The biggest winners include Huang and Mark Zuckerberg, whose Meta Platforms is the second-best performer on the S&P 500 Index after Nvidia for the second year in a row

Wall street analysts racing to boost targets of Nvidia after $560 bn rally

The chip giant's shares have surged 46% this year and added about $560 billion in market value as of Monday, when they closed at a record around $722

AI frenzy puts Nvidia briefly ahead of Amazon in market value: Report

The last time Nvidia was more valuable than Amazon was in 2002, when they were each worth under $6 billion

Countries must build sovereign AI infrastructure, says Nvidia CEO Huang

He said that fears about the dangers of AI are overblown, noting that other new technologies and industries such as cars and aviation have been successfully regulated

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