Nvidia becomes first public company worth $5 trillion
With a market cap of $5 trillion, Nvidia is now worth more than the aggregated stock markets of all countries, apart from the United States, China and Japan.
Nvidia
Nvidia is officially a $5 trillion company
Nvidia has become the world’s first $5 trillion company. Shares soared by up to 5 percent to over $211 around 9:30AM ET on Wednesday morning, according to Bloomberg, marking the latest milestone for a company that only just hit the $4 trillion mark in July. Nvidia shares have been on the rise as the company […]
Uber, Stellantis, Nvidia, and Foxconn make a robotaxi deal
Robotaxi fever is back, baby! After a bunch of automaker-led autonomous driving projects shut down amid concerns over safety and costs, car companies are expressing a renewed interest in self-driving cars, and robotaxis specifically. Stellantis, which oversees brands like Jeep, Ram, Dodge, and Chrysler, announced today a “new collaboration” with a diverse range of firms, […]
Lucid jumps on the ‘privately owned’ autonomous vehicle bandwagon
Lucid says it will eventually sell “privately owned” autonomous vehicles with the help of Nvidia’s artificial intelligence technology. The company is the latest to declare its intention to sell Level 4 autonomous vehicles to its customers, despite a range of theoretical and logistical challenges standing in the way. Lucid’s autonomous vehicles — which do not exist […]
With an Intel recovery underway, all eyes turn to its foundry business
Intel added $20 billion to its balance sheet in Q3 but didn’t offer many details on the progress of its floundering foundry business.
Redwood Materials raises another $350M to power up its energy storage business
The round was led by Eclipse and saw participation from Nvidia’s venture capital arm, NVentures.
GM’s under-the-hood overhaul puts AI and automated driving at the center
The U.S. automaker’s technological overhaul will debut in two years with the Cadillac Escalade IQ.
Nscale inks massive AI infrastructure deal with Microsoft
Nscale plans to deploy the chips over the next few years to three data centers in Europe and a fourth in the U.S.
OpenAI and Broadcom partner on AI hardware
OpenAI will purchase 10 gigawatts worth of AI accelerator hardware from semiconductor Broadcom.
Nvidia’s ‘personal AI supercomputer’ goes on sale October 15th
Nvidia will start selling its DGX Spark “personal AI supercomputer” this week. The machine is powerful enough to let users work on sophisticated AI models but small enough to fit on a desktop. Nvidia said Spark can be ordered online at nvidia.com starting Wednesday, October 15th, as well as from select partners and stores in […]